FZAIX vs. SPY
Compare and contrast key facts about Fidelity Advisor International Discovery Fund Class Z (FZAIX) and SPDR S&P 500 ETF (SPY).
FZAIX is managed by Fidelity. It was launched on Aug 13, 2013. 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: FZAIX or SPY.
Correlation
The correlation between FZAIX and SPY is 0.76, 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
FZAIX vs. SPY - Performance Comparison
Key characteristics
FZAIX:
1.07
SPY:
1.88
FZAIX:
1.54
SPY:
2.53
FZAIX:
1.19
SPY:
1.35
FZAIX:
0.73
SPY:
2.83
FZAIX:
3.88
SPY:
11.74
FZAIX:
3.80%
SPY:
2.02%
FZAIX:
13.78%
SPY:
12.64%
FZAIX:
-41.44%
SPY:
-55.19%
FZAIX:
-8.61%
SPY:
-0.42%
Returns By Period
In the year-to-date period, FZAIX achieves a 7.77% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, FZAIX has underperformed SPY with an annualized return of 4.20%, while SPY has yielded a comparatively higher 13.18% annualized return.
FZAIX
7.77%
4.10%
2.84%
14.45%
4.41%
4.20%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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FZAIX vs. SPY - Expense Ratio Comparison
FZAIX has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FZAIX vs. SPY — Risk-Adjusted Performance Rank
FZAIX
SPY
FZAIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Discovery Fund Class Z (FZAIX) 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
FZAIX vs. SPY - Dividend Comparison
FZAIX's dividend yield for the trailing twelve months is around 2.84%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAIX Fidelity Advisor International Discovery Fund Class Z | 2.84% | 3.06% | 2.03% | 0.47% | 3.13% | 0.55% | 1.82% | 1.49% | 1.22% | 1.84% | 1.19% | 0.84% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FZAIX vs. SPY - Drawdown Comparison
The maximum FZAIX drawdown since its inception was -41.44%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FZAIX and SPY. For additional features, visit the drawdowns tool.
Volatility
FZAIX vs. SPY - Volatility Comparison
Fidelity Advisor International Discovery Fund Class Z (FZAIX) has a higher volatility of 3.58% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that FZAIX'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.