FUQIX vs. FISPX
Compare and contrast key facts about Fidelity SAI U.S. Quality Index Fund (FUQIX) and Federated Hermes Max Cap Index Fund (FISPX).
FUQIX is managed by Fidelity. It was launched on Oct 8, 2015. FISPX is managed by Federated. It was launched on Jul 11, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUQIX or FISPX.
Key characteristics
| FUQIX | FISPX | |
|---|---|---|
| YTD Return | 20.65% | 18.52% |
| 1Y Return | 31.20% | 28.01% |
| 3Y Return (Ann) | 11.20% | 9.66% |
| 5Y Return (Ann) | 17.05% | 14.99% |
| Sharpe Ratio | 2.20 | 2.18 |
| Daily Std Dev | 14.20% | 12.75% |
| Max Drawdown | -31.19% | -54.64% |
| Current Drawdown | -2.35% | -0.73% |
Correlation
The correlation between FUQIX and FISPX is 0.95, 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
FUQIX vs. FISPX - Performance Comparison
In the year-to-date period, FUQIX achieves a 20.65% return, which is significantly higher than FISPX's 18.52% 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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FUQIX vs. FISPX - Expense Ratio Comparison
FUQIX has a 0.10% expense ratio, which is lower than FISPX's 0.37% expense ratio.
Risk-Adjusted Performance
FUQIX vs. FISPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) and Federated Hermes Max Cap Index Fund (FISPX). 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
FUQIX vs. FISPX - Dividend Comparison
FUQIX's dividend yield for the trailing twelve months is around 11.60%, less than FISPX's 19.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | 11.60% | 2.38% | 1.42% | 8.55% | 9.46% | 13.68% | 2.41% | 3.79% | 1.57% | 0.29% | 0.00% | 0.00% |
FISPX Federated Hermes Max Cap Index Fund | 19.31% | 22.88% | 16.72% | 16.48% | 23.53% | 15.79% | 47.85% | 25.80% | 18.45% | 14.91% | 12.35% | 10.10% |
Drawdowns
FUQIX vs. FISPX - Drawdown Comparison
The maximum FUQIX drawdown since its inception was -31.19%, smaller than the maximum FISPX drawdown of -54.64%. Use the drawdown chart below to compare losses from any high point for FUQIX and FISPX. For additional features, visit the drawdowns tool.
Volatility
FUQIX vs. FISPX - Volatility Comparison
Fidelity SAI U.S. Quality Index Fund (FUQIX) and Federated Hermes Max Cap Index Fund (FISPX) have volatilities of 4.15% and 3.99%, 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.