FSUVX vs. SPLV
Compare and contrast key facts about Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and Invesco S&P 500 Low Volatility ETF (SPLV).
FSUVX is managed by Fidelity. It was launched on May 29, 2015. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011.
Performance
FSUVX vs. SPLV - Performance Comparison
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FSUVX vs. SPLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSUVX Fidelity SAI U.S. Low Volatility Index Fund | -1.62% | 11.03% | 17.40% | 14.80% | -10.93% | 21.51% | 9.86% | 27.73% | 1.35% | 17.68% |
SPLV Invesco S&P 500 Low Volatility ETF | 3.24% | 4.10% | 13.93% | 0.53% | -4.88% | 24.13% | -1.39% | 27.87% | -0.19% | 17.32% |
Returns By Period
In the year-to-date period, FSUVX achieves a -1.62% return, which is significantly lower than SPLV's 3.24% return. Over the past 10 years, FSUVX has outperformed SPLV with an annualized return of 10.73%, while SPLV has yielded a comparatively lower 8.34% annualized return.
FSUVX
- 1D
- 1.63%
- 1M
- -5.56%
- YTD
- -1.62%
- 6M
- -1.39%
- 1Y
- 6.69%
- 3Y*
- 12.70%
- 5Y*
- 8.98%
- 10Y*
- 10.73%
SPLV
- 1D
- 0.26%
- 1M
- -5.14%
- YTD
- 3.24%
- 6M
- 1.55%
- 1Y
- 0.27%
- 3Y*
- 7.81%
- 5Y*
- 6.88%
- 10Y*
- 8.34%
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FSUVX vs. SPLV - Expense Ratio Comparison
FSUVX has a 0.11% expense ratio, which is lower than SPLV's 0.25% 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%.
Return for Risk
FSUVX vs. SPLV — Risk / Return Rank
FSUVX
SPLV
FSUVX vs. SPLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and Invesco S&P 500 Low Volatility ETF (SPLV). 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.
| FSUVX | SPLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 0.02 | +0.50 |
Sortino ratioReturn per unit of downside risk | 0.83 | 0.12 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.02 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.03 | +0.68 |
Martin ratioReturn relative to average drawdown | 3.26 | 0.09 | +3.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSUVX | SPLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.02 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.56 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.54 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.69 | +0.03 |
Correlation
The correlation between FSUVX and SPLV is 0.86, 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.
Dividends
FSUVX vs. SPLV - Dividend Comparison
FSUVX's dividend yield for the trailing twelve months is around 4.53%, more than SPLV's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSUVX Fidelity SAI U.S. Low Volatility Index Fund | 4.53% | 4.45% | 2.25% | 1.74% | 4.12% | 3.52% | 1.31% | 3.80% | 2.63% | 2.94% | 2.23% | 1.17% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.12% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Drawdowns
FSUVX vs. SPLV - Drawdown Comparison
The maximum FSUVX drawdown since its inception was -32.41%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for FSUVX and SPLV.
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Drawdown Indicators
| FSUVX | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.41% | -36.26% | +3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -8.88% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | -17.26% | -2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -32.41% | -36.26% | +3.85% |
Current DrawdownCurrent decline from peak | -5.56% | -5.14% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -3.54% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.89% | -0.87% |
Volatility
FSUVX vs. SPLV - Volatility Comparison
Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) has a higher volatility of 3.59% compared to Invesco S&P 500 Low Volatility ETF (SPLV) at 3.08%. This indicates that FSUVX's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSUVX | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 3.08% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.39% | 6.84% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 12.68% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.00% | 12.43% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 15.35% | -0.17% |