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.
Key characteristics
| FUQIX | SPY | |
|---|---|---|
| YTD Return | 20.65% | 18.86% |
| 1Y Return | 31.20% | 28.13% |
| 3Y Return (Ann) | 11.20% | 9.87% |
| 5Y Return (Ann) | 17.05% | 15.23% |
| Sharpe Ratio | 2.20 | 2.21 |
| Daily Std Dev | 14.20% | 12.60% |
| Max Drawdown | -31.19% | -55.19% |
| Current Drawdown | -2.35% | -0.61% |
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.
Performance
FUQIX vs. SPY - Performance Comparison
In the year-to-date period, FUQIX achieves a 20.65% return, which is significantly higher than SPY's 18.86% 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. 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 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 11.60%, more than SPY's 0.94% 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% |
SPY SPDR S&P 500 ETF | 0.94% | 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) has a higher volatility of 4.15% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that FUQIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.