FSWCX vs. XLK
Compare and contrast key facts about Fidelity SAI U.S. Value Index Fund (FSWCX) and Technology Select Sector SPDR Fund (XLK).
FSWCX is managed by Fidelity. It was launched on Dec 19, 2017. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSWCX or XLK.
Correlation
The correlation between FSWCX and XLK is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSWCX vs. XLK - Performance Comparison
Key characteristics
FSWCX:
1.26
XLK:
0.70
FSWCX:
1.85
XLK:
1.06
FSWCX:
1.23
XLK:
1.14
FSWCX:
1.44
XLK:
0.94
FSWCX:
4.95
XLK:
3.17
FSWCX:
3.08%
XLK:
5.06%
FSWCX:
12.12%
XLK:
22.89%
FSWCX:
-41.41%
XLK:
-82.05%
FSWCX:
-4.84%
XLK:
-2.27%
Returns By Period
In the year-to-date period, FSWCX achieves a 3.63% return, which is significantly higher than XLK's 1.64% return.
FSWCX
3.63%
3.81%
5.97%
14.08%
5.87%
N/A
XLK
1.64%
3.30%
10.98%
15.36%
19.57%
20.22%
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FSWCX vs. XLK - Expense Ratio Comparison
FSWCX has a 0.10% expense ratio, which is lower than XLK's 0.13% 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%.
Risk-Adjusted Performance
FSWCX vs. XLK — Risk-Adjusted Performance Rank
FSWCX
XLK
FSWCX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Value Index Fund (FSWCX) and Technology Select Sector SPDR Fund (XLK). 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.
Dividends
FSWCX vs. XLK - Dividend Comparison
FSWCX's dividend yield for the trailing twelve months is around 2.01%, more than XLK's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSWCX Fidelity SAI U.S. Value Index Fund | 2.01% | 2.08% | 5.50% | 3.56% | 2.29% | 2.55% | 2.37% | 2.21% | 0.07% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.64% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
FSWCX vs. XLK - Drawdown Comparison
The maximum FSWCX drawdown since its inception was -41.41%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FSWCX and XLK. For additional features, visit the drawdowns tool.
Volatility
FSWCX vs. XLK - Volatility Comparison
The current volatility for Fidelity SAI U.S. Value Index Fund (FSWCX) is 2.87%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 7.65%. This indicates that FSWCX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.