Correlation
The correlation between FSWCX and SPY is 0.82, 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.
FSWCX vs. SPY
Compare and contrast key facts about Fidelity SAI U.S. Value Index Fund (FSWCX) and SPDR S&P 500 ETF (SPY).
FSWCX is managed by Fidelity. It was launched on Dec 19, 2017. 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: FSWCX or SPY.
Performance
FSWCX vs. SPY - Performance Comparison
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Key characteristics
FSWCX:
0.32
SPY:
0.67
FSWCX:
0.47
SPY:
1.03
FSWCX:
1.07
SPY:
1.15
FSWCX:
0.24
SPY:
0.69
FSWCX:
0.79
SPY:
2.61
FSWCX:
5.64%
SPY:
4.92%
FSWCX:
18.50%
SPY:
20.44%
FSWCX:
-41.41%
SPY:
-55.19%
FSWCX:
-7.01%
SPY:
-3.44%
Returns By Period
In the year-to-date period, FSWCX achieves a 1.27% return, which is significantly higher than SPY's 0.98% return.
FSWCX
1.27%
3.72%
-6.73%
5.88%
1.08%
10.05%
N/A
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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FSWCX vs. SPY - Expense Ratio Comparison
FSWCX has a 0.10% 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
FSWCX vs. SPY — Risk-Adjusted Performance Rank
FSWCX
SPY
FSWCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Value Index Fund (FSWCX) 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
FSWCX vs. SPY - Dividend Comparison
FSWCX's dividend yield for the trailing twelve months is around 5.68%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSWCX Fidelity SAI U.S. Value Index Fund | 5.68% | 5.75% | 9.68% | 12.90% | 5.71% | 2.55% | 2.37% | 3.84% | 0.07% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSWCX vs. SPY - Drawdown Comparison
The maximum FSWCX drawdown since its inception was -41.41%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSWCX and SPY.
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Volatility
FSWCX vs. SPY - Volatility Comparison
Fidelity SAI U.S. Value Index Fund (FSWCX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.85% and 4.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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