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.
Correlation
The correlation between FUQIX and SPY is 0.94, 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. SPY - Performance Comparison
Key characteristics
FUQIX:
0.50
SPY:
1.95
FUQIX:
0.72
SPY:
2.60
FUQIX:
1.11
SPY:
1.36
FUQIX:
0.75
SPY:
2.98
FUQIX:
1.52
SPY:
12.42
FUQIX:
5.51%
SPY:
2.02%
FUQIX:
16.62%
SPY:
12.88%
FUQIX:
-31.19%
SPY:
-55.19%
FUQIX:
-8.02%
SPY:
-1.30%
Returns By Period
In the year-to-date period, FUQIX achieves a 2.35% return, which is significantly lower than SPY's 2.68% return.
FUQIX
2.35%
1.92%
-4.18%
7.63%
9.61%
N/A
SPY
2.68%
2.31%
9.96%
24.17%
15.14%
13.67%
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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%.
Risk-Adjusted Performance
FUQIX vs. SPY — Risk-Adjusted Performance Rank
FUQIX
SPY
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 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUQIX Fidelity SAI U.S. Quality Index Fund | 1.05% | 1.07% | 1.17% | 1.42% | 1.08% | 1.71% | 2.15% | 1.53% | 1.46% | 1.28% | 0.58% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
The current volatility for Fidelity SAI U.S. Quality Index Fund (FUQIX) is 3.95%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.23%. 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.