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.
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
Key characteristics
FSSNX:
0.68
SPY:
2.03
FSSNX:
1.09
SPY:
2.71
FSSNX:
1.13
SPY:
1.38
FSSNX:
0.76
SPY:
3.02
FSSNX:
3.69
SPY:
13.49
FSSNX:
3.86%
SPY:
1.88%
FSSNX:
20.92%
SPY:
12.48%
FSSNX:
-41.72%
SPY:
-55.19%
FSSNX:
-8.52%
SPY:
-3.54%
Returns By Period
In the year-to-date period, FSSNX achieves a 11.65% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, FSSNX has underperformed SPY with an annualized return of 8.41%, while SPY has yielded a comparatively higher 12.94% annualized return.
FSSNX
11.65%
-3.12%
10.99%
12.05%
7.49%
8.41%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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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 0.12%, less than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 0.12% | 1.43% | 1.26% | 1.26% | 0.94% | 1.32% | 1.33% | 1.15% | 1.24% | 2.80% | 4.80% | 2.82% |
SPY SPDR S&P 500 ETF | 0.87% | 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 6.19% compared to SPDR S&P 500 ETF (SPY) at 3.64%. 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.