FZROX vs. SPY
Compare and contrast key facts about Fidelity ZERO Total Market Index Fund (FZROX) and SPDR S&P 500 ETF (SPY).
FZROX 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: FZROX or SPY.
Correlation
The correlation between FZROX and SPY is 0.99, 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
FZROX vs. SPY - Performance Comparison
Key characteristics
FZROX:
0.28
SPY:
0.30
FZROX:
0.52
SPY:
0.56
FZROX:
1.08
SPY:
1.08
FZROX:
0.28
SPY:
0.31
FZROX:
1.21
SPY:
1.40
FZROX:
4.39%
SPY:
4.18%
FZROX:
19.32%
SPY:
19.64%
FZROX:
-34.96%
SPY:
-55.19%
FZROX:
-14.31%
SPY:
-13.86%
Returns By Period
The year-to-date returns for both investments are quite close, with FZROX having a -10.36% return and SPY slightly higher at -9.91%.
FZROX
-10.36%
-7.03%
-9.75%
6.18%
14.41%
N/A
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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FZROX vs. SPY - Expense Ratio Comparison
FZROX 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
FZROX vs. SPY — Risk-Adjusted Performance Rank
FZROX
SPY
FZROX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Total Market Index Fund (FZROX) 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
FZROX vs. SPY - Dividend Comparison
FZROX's dividend yield for the trailing twelve months is around 1.29%, less than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | 1.29% | 1.16% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FZROX vs. SPY - Drawdown Comparison
The maximum FZROX drawdown since its inception was -34.96%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FZROX and SPY. For additional features, visit the drawdowns tool.
Volatility
FZROX vs. SPY - Volatility Comparison
The current volatility for Fidelity ZERO Total Market Index Fund (FZROX) is 13.74%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that FZROX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.