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.
Correlation
The correlation between FUQIX and SPGP 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
FUQIX vs. SPGP - Performance Comparison
Key characteristics
FUQIX:
1.68
SPGP:
0.58
FUQIX:
2.29
SPGP:
0.89
FUQIX:
1.31
SPGP:
1.11
FUQIX:
2.54
SPGP:
0.90
FUQIX:
9.86
SPGP:
2.57
FUQIX:
2.40%
SPGP:
3.34%
FUQIX:
14.10%
SPGP:
14.76%
FUQIX:
-31.19%
SPGP:
-42.08%
FUQIX:
-4.67%
SPGP:
-6.48%
Returns By Period
In the year-to-date period, FUQIX achieves a 23.16% return, which is significantly higher than SPGP's 8.43% return.
FUQIX
23.16%
-2.26%
3.53%
23.35%
15.22%
N/A
SPGP
8.43%
-5.36%
2.49%
8.18%
12.04%
13.46%
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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 0.61%, less than SPGP's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | 0.61% | 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 | 1.38% | 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
Fidelity SAI U.S. Quality Index Fund (FUQIX) and Invesco S&P 500 GARP ETF (SPGP) have volatilities of 3.93% and 4.07%, 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.