FULVX vs. SPY
Compare and contrast key facts about Fidelity U.S. Low Volatility Equity Fund (FULVX) and SPDR S&P 500 ETF (SPY).
FULVX is managed by Fidelity. It was launched on Nov 5, 2019. 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: FULVX or SPY.
Correlation
The correlation between FULVX and SPY is 0.83, 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.
Performance
FULVX vs. SPY - Performance Comparison
Key characteristics
FULVX:
0.60
SPY:
0.30
FULVX:
0.90
SPY:
0.56
FULVX:
1.13
SPY:
1.08
FULVX:
0.60
SPY:
0.31
FULVX:
2.14
SPY:
1.40
FULVX:
3.58%
SPY:
4.18%
FULVX:
12.67%
SPY:
19.64%
FULVX:
-33.24%
SPY:
-55.19%
FULVX:
-7.82%
SPY:
-13.86%
Returns By Period
In the year-to-date period, FULVX achieves a -0.08% return, which is significantly higher than SPY's -9.91% return.
FULVX
-0.08%
-2.79%
-5.41%
7.94%
5.94%
N/A
SPY
-9.91%
-5.89%
-9.03%
6.50%
14.62%
11.57%
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FULVX vs. SPY - Expense Ratio Comparison
FULVX has a 0.66% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FULVX vs. SPY — Risk-Adjusted Performance Rank
FULVX
SPY
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.
Dividends
FULVX vs. SPY - Dividend Comparison
FULVX's dividend yield for the trailing twelve months is around 0.58%, less than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FULVX Fidelity U.S. Low Volatility Equity Fund | 0.58% | 0.58% | 1.10% | 1.22% | 0.63% | 0.62% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
Volatility
FULVX vs. SPY - Volatility Comparison
The current volatility for Fidelity U.S. Low Volatility Equity Fund (FULVX) is 8.75%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that FULVX 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.