Correlation
The correlation between FVDFX and SPY is 0.90, 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.
FVDFX vs. SPY
Compare and contrast key facts about Fidelity Value Discovery Fund (FVDFX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVDFX or SPY.
Performance
FVDFX vs. SPY - Performance Comparison
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Key characteristics
FVDFX:
0.59
SPY:
0.70
FVDFX:
0.86
SPY:
1.02
FVDFX:
1.12
SPY:
1.15
FVDFX:
0.58
SPY:
0.68
FVDFX:
1.79
SPY:
2.57
FVDFX:
4.36%
SPY:
4.93%
FVDFX:
14.43%
SPY:
20.42%
FVDFX:
-60.85%
SPY:
-55.19%
FVDFX:
-4.09%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FVDFX achieves a 2.82% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, FVDFX has underperformed SPY with an annualized return of 7.68%, while SPY has yielded a comparatively higher 12.73% annualized return.
FVDFX
2.82%
1.81%
-4.09%
6.33%
5.14%
12.23%
7.68%
SPY
0.87%
3.99%
-1.56%
13.18%
14.25%
15.81%
12.73%
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FVDFX vs. SPY - Expense Ratio Comparison
FVDFX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FVDFX vs. SPY — Risk-Adjusted Performance Rank
FVDFX
SPY
FVDFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Discovery Fund (FVDFX) 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.
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Dividends
FVDFX vs. SPY - Dividend Comparison
FVDFX's dividend yield for the trailing twelve months is around 5.20%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVDFX Fidelity Value Discovery Fund | 5.20% | 5.34% | 5.23% | 4.71% | 4.76% | 1.31% | 2.96% | 4.61% | 1.91% | 1.16% | 3.40% | 1.36% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FVDFX vs. SPY - Drawdown Comparison
The maximum FVDFX drawdown since its inception was -60.85%, 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.
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Volatility
FVDFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Value Discovery Fund (FVDFX) is 3.87%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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.
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