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:
0.81
SPY:
2.21
FZIPX:
1.21
SPY:
2.93
FZIPX:
1.15
SPY:
1.41
FZIPX:
1.15
SPY:
3.26
FZIPX:
4.01
SPY:
14.43
FZIPX:
3.52%
SPY:
1.90%
FZIPX:
17.51%
SPY:
12.41%
FZIPX:
-42.71%
SPY:
-55.19%
FZIPX:
-8.49%
SPY:
-2.74%
Returns By Period
In the year-to-date period, FZIPX achieves a 11.67% return, which is significantly lower than SPY's 25.54% return.
FZIPX
11.67%
-4.07%
9.88%
12.32%
8.88%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 0.00% | 1.43% | 1.64% | 1.23% | 1.24% | 1.26% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 5.90% compared to SPDR S&P 500 ETF (SPY) at 3.72%. 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.