FSSNX vs. SPY
Compare and contrast key facts about Fidelity Small Cap Index Fund (FSSNX) and SPDR S&P 500 ETF (SPY).
FSSNX is managed by Fidelity. It was launched on Sep 8, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSSNX or SPY.
Key characteristics
| FSSNX | SPY | |
|---|---|---|
| YTD Return | 8.77% | 18.37% |
| 1Y Return | 18.75% | 26.96% |
| 3Y Return (Ann) | 1.14% | 9.40% |
| 5Y Return (Ann) | 8.26% | 15.01% |
| 10Y Return (Ann) | 8.38% | 12.90% |
| Sharpe Ratio | 0.95 | 2.14 |
| Daily Std Dev | 21.39% | 12.67% |
| Max Drawdown | -41.72% | -55.19% |
| Current Drawdown | -6.48% | -1.02% |
Correlation
The correlation between FSSNX and SPY is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FSSNX vs. SPY - Performance Comparison
In the year-to-date period, FSSNX achieves a 8.77% return, which is significantly lower than SPY's 18.37% return. Over the past 10 years, FSSNX has underperformed SPY with an annualized return of 8.38%, while SPY has yielded a comparatively higher 12.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSSNX vs. SPY - Expense Ratio Comparison
FSSNX has a 0.03% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FSSNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Index Fund (FSSNX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FSSNX vs. SPY - Dividend Comparison
FSSNX's dividend yield for the trailing twelve months is around 1.13%, less than SPY's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 1.13% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 5.39% | 3.67% | 2.27% | 4.53% | 4.80% | 2.82% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FSSNX vs. SPY - Drawdown Comparison
The maximum FSSNX drawdown since its inception was -41.72%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSSNX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSSNX vs. SPY - Volatility Comparison
Fidelity Small Cap Index Fund (FSSNX) has a higher volatility of 6.78% compared to SPDR S&P 500 ETF (SPY) at 4.24%. This indicates that FSSNX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.