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.
Key characteristics
FZFLX | SPY | |
---|---|---|
YTD Return | 17.42% | 26.77% |
1Y Return | 36.77% | 37.43% |
3Y Return (Ann) | 4.28% | 10.15% |
5Y Return (Ann) | 11.72% | 15.86% |
Sharpe Ratio | 2.28 | 3.06 |
Sortino Ratio | 3.16 | 4.08 |
Omega Ratio | 1.39 | 1.58 |
Calmar Ratio | 2.08 | 4.44 |
Martin Ratio | 12.11 | 20.11 |
Ulcer Index | 2.99% | 1.85% |
Daily Std Dev | 15.92% | 12.18% |
Max Drawdown | -42.04% | -55.19% |
Current Drawdown | -1.01% | -0.31% |
Correlation
The correlation between FZFLX and SPY is 0.88, 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
In the year-to-date period, FZFLX achieves a 17.42% return, which is significantly lower than SPY's 26.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 1.58%, more than SPY's 1.17% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity SAI Small-Mid Cap 500 Index Fund | 1.58% | 1.49% | 1.99% | 2.00% | 1.20% | 3.48% | 1.69% | 1.04% | 0.81% | 1.21% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FZFLX vs. SPY - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.04%, smaller than the maximum SPY 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 4.61% compared to SPDR S&P 500 ETF (SPY) at 3.88%. 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.