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FXAIX vs. SPY

Last updated Mar 2, 2024

Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and SPDR S&P 500 ETF (SPY).

FXAIX is managed by Fidelity. 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: FXAIX or SPY.

Key characteristics


FXAIXSPY
YTD Return7.97%7.90%
1Y Return31.11%30.88%
3Y Return (Ann)11.64%11.54%
5Y Return (Ann)14.80%14.70%
10Y Return (Ann)12.77%12.62%
Sharpe Ratio2.592.59
Daily Std Dev12.40%12.31%
Max Drawdown-33.79%-55.19%
Current Drawdown0.00%0.00%

Correlation

0.99
-1.001.00

The correlation between FXAIX and SPY is 0.99, 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.

FXAIX vs. SPY - Performance Comparison

The year-to-date returns for both stocks are quite close, with FXAIX having a 7.97% return and SPY slightly lower at 7.90%. Both investments have delivered pretty close results over the past 10 years, with FXAIX having a 12.77% annualized return and SPY not far behind at 12.62%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


280.00%300.00%320.00%340.00%360.00%380.00%OctoberNovemberDecember2024FebruaryMarch
388.03%
379.42%
FXAIX
SPY

Compare stocks, funds, or ETFs


Fidelity 500 Index Fund

SPDR S&P 500 ETF

FXAIX vs. SPY - Dividend Comparison

FXAIX's dividend yield for the trailing twelve months is around 1.34%, more than SPY's 1.29% yield.


TTM20232022202120202019201820172016201520142013
FXAIX
Fidelity 500 Index Fund
1.34%1.45%1.69%1.22%1.60%2.06%2.72%1.97%2.52%2.83%2.63%1.84%
SPY
SPDR S&P 500 ETF
1.29%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

FXAIX vs. SPY - Expense Ratio Comparison

FXAIX has a 0.02% expense ratio, which is lower than SPY's 0.09% expense ratio.

0.09%
0.00%2.15%
0.02%
0.00%2.15%

FXAIX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FXAIX
Fidelity 500 Index Fund
2.59
SPY
SPDR S&P 500 ETF
2.59

FXAIX vs. SPY - Sharpe Ratio Comparison

The current FXAIX Sharpe Ratio is 2.59, which roughly equals the SPY Sharpe Ratio of 2.59. The chart below compares the 12-month rolling Sharpe Ratio of FXAIX and SPY.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50OctoberNovemberDecember2024FebruaryMarch
2.59
2.59
FXAIX
SPY

FXAIX vs. SPY - Drawdown Comparison

The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum SPY drawdown of -55.19%. The drawdown chart below compares losses from any high point along the way for FXAIX and SPY


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
FXAIX
SPY

FXAIX vs. SPY - Volatility Comparison

Fidelity 500 Index Fund (FXAIX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.47% and 3.47%, 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.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%OctoberNovemberDecember2024FebruaryMarch
3.47%
3.47%
FXAIX
SPY