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FULVX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FULVX and SPY is 0.84, 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.


-0.50.00.51.00.8

Performance

FULVX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity U.S. Low Volatility Equity Fund (FULVX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

40.00%60.00%80.00%100.00%120.00%JulyAugustSeptemberOctoberNovemberDecember
35.87%
108.00%
FULVX
SPY

Key characteristics

Sharpe Ratio

FULVX:

1.56

SPY:

2.21

Sortino Ratio

FULVX:

2.15

SPY:

2.93

Omega Ratio

FULVX:

1.29

SPY:

1.41

Calmar Ratio

FULVX:

1.79

SPY:

3.26

Martin Ratio

FULVX:

8.63

SPY:

14.43

Ulcer Index

FULVX:

1.60%

SPY:

1.90%

Daily Std Dev

FULVX:

8.84%

SPY:

12.41%

Max Drawdown

FULVX:

-33.24%

SPY:

-55.19%

Current Drawdown

FULVX:

-7.73%

SPY:

-2.74%

Returns By Period

In the year-to-date period, FULVX achieves a 11.80% return, which is significantly lower than SPY's 25.54% return.


FULVX

YTD

11.80%

1M

-4.94%

6M

3.02%

1Y

12.96%

5Y*

5.50%

10Y*

N/A

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FULVX vs. SPY - Expense Ratio Comparison

FULVX has a 0.66% expense ratio, which is higher than SPY's 0.09% expense ratio.


FULVX
Fidelity U.S. Low Volatility Equity Fund
Expense ratio chart for FULVX: current value at 0.66% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.66%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

FULVX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) 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.


Sharpe ratio
The chart of Sharpe ratio for FULVX, currently valued at 1.56, compared to the broader market-1.000.001.002.003.004.001.562.21
The chart of Sortino ratio for FULVX, currently valued at 2.15, compared to the broader market-2.000.002.004.006.008.0010.002.152.93
The chart of Omega ratio for FULVX, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.003.501.291.41
The chart of Calmar ratio for FULVX, currently valued at 1.79, compared to the broader market0.002.004.006.008.0010.0012.0014.001.793.26
The chart of Martin ratio for FULVX, currently valued at 8.63, compared to the broader market0.0020.0040.0060.008.6314.43
FULVX
SPY

The current FULVX Sharpe Ratio is 1.56, which is comparable to the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of FULVX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.56
2.21
FULVX
SPY

Dividends

FULVX vs. SPY - Dividend Comparison

FULVX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.


TTM20232022202120202019201820172016201520142013
FULVX
Fidelity U.S. Low Volatility Equity Fund
0.00%1.10%1.22%0.63%0.62%0.28%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

FULVX vs. SPY - Drawdown Comparison

The maximum FULVX drawdown since its inception was -33.24%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FULVX and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.73%
-2.74%
FULVX
SPY

Volatility

FULVX vs. SPY - Volatility Comparison

Fidelity U.S. Low Volatility Equity Fund (FULVX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.57% and 3.72%, 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.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.57%
3.72%
FULVX
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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