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.
Key characteristics
FULVX | SPY | |
---|---|---|
YTD Return | 15.36% | 18.86% |
1Y Return | 20.28% | 28.13% |
3Y Return (Ann) | 5.26% | 9.87% |
Sharpe Ratio | 2.25 | 2.21 |
Daily Std Dev | 9.01% | 12.60% |
Max Drawdown | -33.24% | -55.19% |
Current Drawdown | -0.96% | -0.61% |
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.
Performance
FULVX vs. SPY - Performance Comparison
In the year-to-date period, FULVX achieves a 15.36% return, which is significantly lower than SPY's 18.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 1.22%, more than SPY's 0.94% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity U.S. Low Volatility Equity Fund | 1.22% | 1.65% | 4.98% | 5.35% | 0.62% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 0.94% | 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.
Volatility
FULVX vs. SPY - Volatility Comparison
The current volatility for Fidelity U.S. Low Volatility Equity Fund (FULVX) is 2.52%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. 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.