FUQIX vs. SPY
Compare and contrast key facts about Fidelity SAI U.S. Quality Index Fund (FUQIX) and State Street SPDR S&P 500 ETF (SPY).
FUQIX is managed by Fidelity. It was launched on Oct 8, 2015. 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.
Performance
FUQIX vs. SPY - Performance Comparison
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FUQIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | -10.98% | 16.76% | 24.32% | 29.63% | -18.09% | 28.28% | 20.67% | 34.66% | -3.39% | 25.77% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FUQIX achieves a -10.98% return, which is significantly lower than SPY's -4.37% return. Both investments have delivered pretty close results over the past 10 years, with FUQIX having a 13.89% annualized return and SPY not far ahead at 13.98%.
FUQIX
- 1D
- 0.14%
- 1M
- -9.20%
- YTD
- -10.98%
- 6M
- -9.40%
- 1Y
- 6.59%
- 3Y*
- 15.42%
- 5Y*
- 11.09%
- 10Y*
- 13.89%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FUQIX vs. SPY - Expense Ratio Comparison
FUQIX has a 0.10% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FUQIX vs. SPY — Risk / Return Rank
FUQIX
SPY
FUQIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) and State Street 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.
| FUQIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 0.93 | -0.51 |
Sortino ratioReturn per unit of downside risk | 0.72 | 1.45 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.22 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.53 | -1.09 |
Martin ratioReturn relative to average drawdown | 1.69 | 7.30 | -5.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUQIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.93 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.69 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.78 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.56 | +0.20 |
Correlation
The correlation between FUQIX and SPY 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.
Dividends
FUQIX vs. SPY - Dividend Comparison
FUQIX's dividend yield for the trailing twelve months is around 4.08%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | 4.08% | 3.63% | 12.80% | 2.38% | 1.42% | 8.55% | 9.46% | 13.68% | 2.41% | 3.79% | 1.57% | 0.29% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FUQIX vs. SPY - Drawdown Comparison
The maximum FUQIX drawdown since its inception was -31.19%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FUQIX and SPY.
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Drawdown Indicators
| FUQIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -55.19% | +24.00% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -12.05% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.96% | -24.50% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -31.19% | -33.72% | +2.53% |
Current DrawdownCurrent decline from peak | -12.19% | -6.24% | -5.95% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -9.09% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.52% | +0.66% |
Volatility
FUQIX vs. SPY - Volatility Comparison
The current volatility for Fidelity SAI U.S. Quality Index Fund (FUQIX) is 4.47%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FUQIX 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.
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Volatility by Period
| FUQIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 5.31% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 9.47% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.91% | 19.05% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 17.06% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 17.92% | +0.29% |