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.
Key characteristics
| FUQIX | SPGP | |
|---|---|---|
| YTD Return | 20.65% | 5.60% |
| 1Y Return | 31.20% | 11.99% |
| 3Y Return (Ann) | 11.20% | 5.59% |
| 5Y Return (Ann) | 17.05% | 13.95% |
| Sharpe Ratio | 2.20 | 0.80 |
| Daily Std Dev | 14.20% | 14.83% |
| Max Drawdown | -31.19% | -42.08% |
| Current Drawdown | -2.35% | -3.46% |
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.
Performance
FUQIX vs. SPGP - Performance Comparison
In the year-to-date period, FUQIX achieves a 20.65% return, which is significantly higher than SPGP's 5.60% 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. SPGP - Expense Ratio Comparison
FUQIX has a 0.10% expense ratio, which is lower than SPGP's 0.36% expense ratio.
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 11.60%, more than SPGP's 1.09% 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% |
SPGP Invesco S&P 500 GARP ETF | 1.09% | 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 4.15%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 4.76%. 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.