FZIPX vs. SPY
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and SPDR S&P 500 ETF (SPY).
FZIPX 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: FZIPX or SPY.
Correlation
The correlation between FZIPX and SPY is 0.85, 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
FZIPX vs. SPY - Performance Comparison
Key characteristics
FZIPX:
0.85
SPY:
1.88
FZIPX:
1.29
SPY:
2.53
FZIPX:
1.16
SPY:
1.35
FZIPX:
0.98
SPY:
2.83
FZIPX:
3.59
SPY:
11.74
FZIPX:
3.96%
SPY:
2.02%
FZIPX:
16.70%
SPY:
12.64%
FZIPX:
-42.71%
SPY:
-55.19%
FZIPX:
-5.27%
SPY:
-0.42%
Returns By Period
In the year-to-date period, FZIPX achieves a 2.87% return, which is significantly lower than SPY's 4.15% return.
FZIPX
2.87%
-2.03%
8.02%
15.80%
7.91%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FZIPX vs. SPY - Expense Ratio Comparison
FZIPX has a 0.00% 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
FZIPX vs. SPY — Risk-Adjusted Performance Rank
FZIPX
SPY
FZIPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) 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
FZIPX vs. SPY - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.19%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.19% | 1.22% | 1.43% | 1.64% | 1.23% | 1.24% | 1.26% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FZIPX vs. SPY - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FZIPX and SPY. For additional features, visit the drawdowns tool.
Volatility
FZIPX vs. SPY - Volatility Comparison
Fidelity ZERO Extended Market Index Fund (FZIPX) has a higher volatility of 3.47% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that FZIPX'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.