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:
-0.18
SPY:
0.54
FZFLX:
-0.10
SPY:
0.89
FZFLX:
0.99
SPY:
1.13
FZFLX:
-0.06
SPY:
0.58
FZFLX:
-0.52
SPY:
2.39
FZFLX:
7.58%
SPY:
4.51%
FZFLX:
21.95%
SPY:
20.07%
FZFLX:
-70.34%
SPY:
-55.19%
FZFLX:
-63.50%
SPY:
-10.54%
Returns By Period
In the year-to-date period, FZFLX achieves a -8.46% return, which is significantly lower than SPY's -6.44% return.
FZFLX
-8.46%
-5.50%
-9.56%
-5.30%
-8.75%
N/A
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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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 2.02%, more than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 2.02% | 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 | 1.31% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 15.28% and 15.13%, 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.