Correlation
The correlation between FSUVX and SPY is 0.89, 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.
FSUVX vs. SPY
Compare and contrast key facts about Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSUVX or SPY.
Performance
FSUVX vs. SPY - Performance Comparison
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Key characteristics
FSUVX:
0.99
SPY:
0.70
FSUVX:
1.34
SPY:
1.02
FSUVX:
1.19
SPY:
1.15
FSUVX:
1.06
SPY:
0.68
FSUVX:
3.97
SPY:
2.57
FSUVX:
3.16%
SPY:
4.93%
FSUVX:
13.80%
SPY:
20.42%
FSUVX:
-32.41%
SPY:
-55.19%
FSUVX:
-2.13%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FSUVX achieves a 3.40% return, which is significantly higher than SPY's 0.87% return.
FSUVX
3.40%
2.78%
-2.13%
13.58%
9.81%
10.83%
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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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%.
Risk-Adjusted Performance
FSUVX vs. SPY — Risk-Adjusted Performance Rank
FSUVX
SPY
FSUVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) 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.
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Dividends
FSUVX vs. SPY - Dividend Comparison
FSUVX's dividend yield for the trailing twelve months is around 2.18%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSUVX Fidelity SAI U.S. Low Volatility Index Fund | 2.18% | 2.25% | 1.74% | 4.12% | 3.52% | 1.31% | 6.31% | 2.63% | 4.03% | 2.23% | 1.20% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
FSUVX vs. SPY - Volatility Comparison
The current volatility for Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) is 3.47%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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.
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