Correlation
The correlation between FSST and FDSVX is 0.95, 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.
FSST vs. FDSVX
Compare and contrast key facts about Fidelity Sustainability U.S. Equity ETF (FSST) and Fidelity Growth Discovery Fund (FDSVX).
FSST is a passively managed fund by Fidelity that tracks the performance of the Russell 3000. It was launched on Jun 15, 2021. FDSVX is managed by Fidelity. It was launched on Mar 31, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSST or FDSVX.
Performance
FSST vs. FDSVX - Performance Comparison
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Key characteristics
FSST:
0.34
FDSVX:
0.48
FSST:
0.52
FDSVX:
0.70
FSST:
1.07
FDSVX:
1.10
FSST:
0.25
FDSVX:
0.39
FSST:
0.82
FDSVX:
1.32
FSST:
6.68%
FDSVX:
6.86%
FSST:
21.14%
FDSVX:
23.37%
FSST:
-26.30%
FDSVX:
-59.34%
FSST:
-6.76%
FDSVX:
-5.24%
Returns By Period
In the year-to-date period, FSST achieves a -2.47% return, which is significantly lower than FDSVX's 0.03% return.
FSST
-2.47%
5.60%
-5.99%
6.10%
12.40%
N/A
N/A
FDSVX
0.03%
7.61%
-1.56%
11.41%
17.72%
16.99%
15.72%
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FSST vs. FDSVX - Expense Ratio Comparison
FSST has a 0.59% expense ratio, which is lower than FDSVX's 0.77% expense ratio.
Risk-Adjusted Performance
FSST vs. FDSVX — Risk-Adjusted Performance Rank
FSST
FDSVX
FSST vs. FDSVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) and Fidelity Growth Discovery Fund (FDSVX). 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.
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Dividends
FSST vs. FDSVX - Dividend Comparison
FSST's dividend yield for the trailing twelve months is around 2.00%, less than FDSVX's 12.81% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FSST Fidelity Sustainability U.S. Equity ETF | 2.00% | 2.01% | 0.68% | 1.00% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDSVX Fidelity Growth Discovery Fund | 12.81% | 12.81% | 2.55% | 3.65% | 13.46% | 9.65% | 4.28% | 5.02% | 4.94% | 0.09% | 0.16% | 0.09% |
Drawdowns
FSST vs. FDSVX - Drawdown Comparison
The maximum FSST drawdown since its inception was -26.30%, smaller than the maximum FDSVX drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for FSST and FDSVX.
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Volatility
FSST vs. FDSVX - Volatility Comparison
The current volatility for Fidelity Sustainability U.S. Equity ETF (FSST) is 5.08%, while Fidelity Growth Discovery Fund (FDSVX) has a volatility of 5.73%. This indicates that FSST experiences smaller price fluctuations and is considered to be less risky than FDSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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