FUQIX vs. SPGP
Compare and contrast key facts about Fidelity SAI U.S. Quality Index Fund (FUQIX) and Invesco S&P 500 GARP ETF (SPGP).
FUQIX is managed by Fidelity. It was launched on Oct 8, 2015. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUQIX or SPGP.
Performance
FUQIX vs. SPGP - Performance Comparison
Returns By Period
In the year-to-date period, FUQIX achieves a 26.00% return, which is significantly higher than SPGP's 14.57% return.
FUQIX
26.00%
1.79%
11.24%
31.85%
16.77%
N/A
SPGP
14.57%
6.49%
8.00%
21.29%
14.30%
14.13%
Key characteristics
| FUQIX | SPGP | |
|---|---|---|
| Sharpe Ratio | 2.31 | 1.44 |
| Sortino Ratio | 3.10 | 2.03 |
| Omega Ratio | 1.42 | 1.25 |
| Calmar Ratio | 3.42 | 2.23 |
| Martin Ratio | 13.67 | 6.70 |
| Ulcer Index | 2.33% | 3.18% |
| Daily Std Dev | 13.81% | 14.79% |
| Max Drawdown | -31.19% | -42.08% |
| Current Drawdown | -1.25% | 0.00% |
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FUQIX vs. SPGP - Expense Ratio Comparison
FUQIX has a 0.10% expense ratio, which is lower than SPGP's 0.36% expense ratio.
Correlation
The correlation between FUQIX and SPGP 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.
Risk-Adjusted Performance
FUQIX vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) and Invesco S&P 500 GARP ETF (SPGP). 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. SPGP - Dividend Comparison
FUQIX's dividend yield for the trailing twelve months is around 1.04%, less than SPGP's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | 1.04% | 1.17% | 1.42% | 1.08% | 1.71% | 2.15% | 1.53% | 1.46% | 1.28% | 0.29% | 0.00% | 0.00% |
SPGP Invesco S&P 500 GARP ETF | 1.30% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
FUQIX vs. SPGP - Drawdown Comparison
The maximum FUQIX drawdown since its inception was -31.19%, smaller than the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for FUQIX and SPGP. For additional features, visit the drawdowns tool.
Volatility
FUQIX vs. SPGP - Volatility Comparison
The current volatility for Fidelity SAI U.S. Quality Index Fund (FUQIX) is 3.98%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 4.91%. This indicates that FUQIX experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.