FZFLX vs. SPY
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and SPDR S&P 500 ETF (SPY).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. 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: FZFLX or SPY.
Correlation
The correlation between FZFLX and SPY is 0.87, 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
FZFLX vs. SPY - Performance Comparison
Key characteristics
FZFLX:
-0.58
SPY:
0.32
FZFLX:
-0.68
SPY:
0.51
FZFLX:
0.91
SPY:
1.07
FZFLX:
-0.16
SPY:
0.39
FZFLX:
-1.76
SPY:
1.52
FZFLX:
5.92%
SPY:
3.13%
FZFLX:
17.89%
SPY:
14.74%
FZFLX:
-70.34%
SPY:
-55.19%
FZFLX:
-64.37%
SPY:
-12.17%
Returns By Period
In the year-to-date period, FZFLX achieves a -10.66% return, which is significantly lower than SPY's -8.15% return.
FZFLX
-10.66%
-6.86%
-10.49%
-10.83%
-6.23%
N/A
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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FZFLX vs. SPY - Expense Ratio Comparison
FZFLX has a 0.05% 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%.
Risk-Adjusted Performance
FZFLX vs. SPY — Risk-Adjusted Performance Rank
FZFLX
SPY
FZFLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) 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
FZFLX vs. SPY - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 2.07%, more than SPY's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 2.07% | 1.85% | 1.49% | 1.99% | 2.00% | 1.20% | 3.48% | 1.69% | 1.04% | 0.81% | 1.21% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FZFLX vs. SPY - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -70.34%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FZFLX and SPY. For additional features, visit the drawdowns tool.
Volatility
FZFLX vs. SPY - Volatility Comparison
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 9.65% compared to SPDR S&P 500 ETF (SPY) at 7.47%. This indicates that FZFLX'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.