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:
0.04
SPY:
0.51
FZIPX:
0.21
SPY:
0.86
FZIPX:
1.03
SPY:
1.13
FZIPX:
0.03
SPY:
0.55
FZIPX:
0.11
SPY:
2.26
FZIPX:
7.39%
SPY:
4.55%
FZIPX:
22.58%
SPY:
20.08%
FZIPX:
-42.71%
SPY:
-55.19%
FZIPX:
-16.50%
SPY:
-9.89%
Returns By Period
In the year-to-date period, FZIPX achieves a -9.33% return, which is significantly lower than SPY's -5.76% return.
FZIPX
-9.33%
-5.00%
-8.01%
1.57%
12.11%
N/A
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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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 1.35%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.35% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 14.74% and 15.12%, 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.