FXAIX vs. SPY
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.
Performance
FXAIX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FXAIX having a 25.57% return and SPY slightly lower at 25.41%. Both investments have delivered pretty close results over the past 10 years, with FXAIX having a 13.04% annualized return and SPY not far ahead at 13.07%.
FXAIX
25.57%
1.18%
12.23%
32.20%
15.59%
13.04%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| FXAIX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.61 | 2.62 |
| Sortino Ratio | 3.49 | 3.50 |
| Omega Ratio | 1.49 | 1.49 |
| Calmar Ratio | 3.78 | 3.78 |
| Martin Ratio | 17.01 | 17.00 |
| Ulcer Index | 1.88% | 1.87% |
| Daily Std Dev | 12.24% | 12.14% |
| Max Drawdown | -33.79% | -55.19% |
| Current Drawdown | -1.35% | -1.38% |
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FXAIX vs. SPY - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
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.
Risk-Adjusted Performance
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.
Dividends
FXAIX vs. SPY - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.23%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FXAIX vs. SPY - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FXAIX and SPY. For additional features, visit the drawdowns tool.
Volatility
FXAIX vs. SPY - Volatility Comparison
Fidelity 500 Index Fund (FXAIX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.06% and 4.09%, 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.