FSUVX vs. SPY
Compare and contrast key facts about Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and State Street SPDR S&P 500 ETF (SPY).
FSUVX is managed by Fidelity. It was launched on May 29, 2015. 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.
Performance
FSUVX vs. SPY - Performance Comparison
Loading graphics...
FSUVX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSUVX Fidelity SAI U.S. Low Volatility Index Fund | -3.20% | 11.03% | 17.40% | 14.80% | -10.93% | 21.51% | 9.86% | 27.73% | 1.35% | 17.68% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FSUVX achieves a -3.20% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, FSUVX has underperformed SPY with an annualized return of 10.55%, while SPY has yielded a comparatively higher 13.98% annualized return.
FSUVX
- 1D
- 0.23%
- 1M
- -6.92%
- YTD
- -3.20%
- 6M
- -2.81%
- 1Y
- 4.93%
- 3Y*
- 12.10%
- 5Y*
- 8.81%
- 10Y*
- 10.55%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSUVX vs. SPY - Expense Ratio Comparison
FSUVX has a 0.11% expense ratio, which is higher than SPY's 0.09% expense ratio. However, 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. SPY — Risk / Return Rank
FSUVX
SPY
FSUVX vs. SPY - 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 State Street 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.
| FSUVX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.47 | 0.93 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.76 | 1.45 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.53 | -0.97 |
Martin ratioReturn relative to average drawdown | 2.57 | 7.30 | -4.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FSUVX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.93 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.78 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.56 | +0.15 |
Correlation
The correlation between FSUVX and SPY is 0.88, 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. SPY - Dividend Comparison
FSUVX's dividend yield for the trailing twelve months is around 4.60%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSUVX Fidelity SAI U.S. Low Volatility Index Fund | 4.60% | 4.45% | 2.25% | 1.74% | 4.12% | 3.52% | 1.31% | 3.80% | 2.63% | 2.94% | 2.23% | 1.17% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FSUVX vs. SPY - Drawdown Comparison
The maximum FSUVX drawdown since its inception was -32.41%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSUVX and SPY.
Loading graphics...
Drawdown Indicators
| FSUVX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.41% | -55.19% | +22.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -12.05% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | -24.50% | +5.02% |
Max Drawdown (10Y)Largest decline over 10 years | -32.41% | -33.72% | +1.31% |
Current DrawdownCurrent decline from peak | -7.07% | -6.24% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -9.09% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.52% | -0.52% |
Volatility
FSUVX vs. SPY - Volatility Comparison
The current volatility for Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) is 3.04%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FSUVX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FSUVX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 5.31% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 9.47% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 19.05% | -6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 17.06% | -4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 17.92% | -2.75% |