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:
0.02
SPY:
0.68
FZIPX:
0.16
SPY:
0.98
FZIPX:
1.02
SPY:
1.13
FZIPX:
0.02
SPY:
0.95
FZIPX:
0.07
SPY:
3.13
FZIPX:
5.51%
SPY:
3.03%
FZIPX:
17.95%
SPY:
13.89%
FZIPX:
-42.71%
SPY:
-55.19%
FZIPX:
-12.65%
SPY:
-7.62%
Returns By Period
In the year-to-date period, FZIPX achieves a -5.14% return, which is significantly lower than SPY's -3.39% return.
FZIPX
-5.14%
-1.97%
-3.19%
1.95%
16.83%
N/A
SPY
-3.39%
-3.01%
-0.13%
10.19%
19.68%
12.54%
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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 1.29%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.29% | 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 | 1.27% | 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 6.65% compared to SPDR S&P 500 ETF (SPY) at 5.76%. 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.