FUQIX vs. SPY
Compare and contrast key facts about Fidelity SAI U.S. Quality Index Fund (FUQIX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUQIX or SPY.
Performance
FUQIX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FUQIX having a 25.09% return and SPY slightly higher at 25.41%.
FUQIX
25.09%
-0.23%
11.09%
31.38%
16.63%
N/A
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| FUQIX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.25 | 2.62 |
| Sortino Ratio | 3.04 | 3.50 |
| Omega Ratio | 1.41 | 1.49 |
| Calmar Ratio | 3.34 | 3.78 |
| Martin Ratio | 13.37 | 17.00 |
| Ulcer Index | 2.33% | 1.87% |
| Daily Std Dev | 13.80% | 12.14% |
| Max Drawdown | -31.19% | -55.19% |
| Current Drawdown | -1.96% | -1.38% |
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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%.
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.
Risk-Adjusted Performance
FUQIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) and 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.
Dividends
FUQIX vs. SPY - Dividend Comparison
FUQIX's dividend yield for the trailing twelve months is around 1.05%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | 1.05% | 1.17% | 1.42% | 1.08% | 1.71% | 2.15% | 1.53% | 1.46% | 1.28% | 0.29% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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. For additional features, visit the drawdowns tool.
Volatility
FUQIX vs. SPY - Volatility Comparison
Fidelity SAI U.S. Quality Index Fund (FUQIX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.11% and 4.09%, 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.