FVDFX vs. SPY
Compare and contrast key facts about Fidelity Value Discovery Fund (FVDFX) and State Street SPDR S&P 500 ETF (SPY).
FVDFX is managed by Fidelity. It was launched on Dec 10, 2002. 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
FVDFX vs. SPY - Performance Comparison
Loading graphics...
FVDFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVDFX Fidelity Value Discovery Fund | -0.52% | 16.92% | 8.48% | 5.32% | -3.75% | 24.85% | 7.78% | 24.08% | -10.26% | 14.18% |
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, FVDFX achieves a -0.52% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, FVDFX has underperformed SPY with an annualized return of 9.36%, while SPY has yielded a comparatively higher 13.98% annualized return.
FVDFX
- 1D
- 0.10%
- 1M
- -6.51%
- YTD
- -0.52%
- 6M
- 5.99%
- 1Y
- 13.86%
- 3Y*
- 10.85%
- 5Y*
- 7.56%
- 10Y*
- 9.36%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FVDFX vs. SPY - Expense Ratio Comparison
FVDFX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FVDFX vs. SPY — Risk / Return Rank
FVDFX
SPY
FVDFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Discovery Fund (FVDFX) 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.
| FVDFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.93 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.45 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.53 | -0.13 |
Martin ratioReturn relative to average drawdown | 6.13 | 7.30 | -1.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FVDFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.93 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.69 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.78 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.56 | -0.08 |
Correlation
The correlation between FVDFX and SPY is 0.89, 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
FVDFX vs. SPY - Dividend Comparison
FVDFX's dividend yield for the trailing twelve months is around 8.89%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVDFX Fidelity Value Discovery Fund | 8.89% | 8.84% | 5.34% | 5.23% | 4.71% | 4.76% | 1.31% | 2.96% | 3.44% | 1.91% | 1.16% | 3.40% |
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
FVDFX vs. SPY - Drawdown Comparison
The maximum FVDFX drawdown since its inception was -60.88%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FVDFX and SPY.
Loading graphics...
Drawdown Indicators
| FVDFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.88% | -55.19% | -5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -12.05% | +2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -24.50% | +8.33% |
Max Drawdown (10Y)Largest decline over 10 years | -37.74% | -33.72% | -4.02% |
Current DrawdownCurrent decline from peak | -6.76% | -6.24% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -9.09% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.52% | -0.29% |
Volatility
FVDFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Value Discovery Fund (FVDFX) is 3.02%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FVDFX 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.
Loading graphics...
Volatility by Period
| FVDFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 5.31% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 9.47% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 19.05% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 17.06% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 17.92% | -1.18% |