GVEQX vs. FXAIX
Compare and contrast key facts about Government Street Equity Fund (GVEQX) and Fidelity 500 Index Fund (FXAIX).
GVEQX is managed by Leavell. It was launched on Jun 18, 1991. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GVEQX or FXAIX.
Correlation
The correlation between GVEQX and FXAIX is 0.96, 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
GVEQX vs. FXAIX - Performance Comparison
Key characteristics
GVEQX:
1.71
FXAIX:
1.87
GVEQX:
2.34
FXAIX:
2.52
GVEQX:
1.31
FXAIX:
1.34
GVEQX:
3.10
FXAIX:
2.82
GVEQX:
10.95
FXAIX:
11.69
GVEQX:
2.24%
FXAIX:
2.04%
GVEQX:
14.36%
FXAIX:
12.77%
GVEQX:
-57.53%
FXAIX:
-33.79%
GVEQX:
-0.80%
FXAIX:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with GVEQX having a 4.58% return and FXAIX slightly higher at 4.63%. Over the past 10 years, GVEQX has underperformed FXAIX with an annualized return of 7.98%, while FXAIX has yielded a comparatively higher 13.14% annualized return.
GVEQX
4.58%
1.73%
8.15%
26.11%
9.81%
7.98%
FXAIX
4.63%
2.57%
10.02%
25.15%
14.81%
13.14%
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GVEQX vs. FXAIX - Expense Ratio Comparison
GVEQX has a 0.85% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
GVEQX vs. FXAIX — Risk-Adjusted Performance Rank
GVEQX
FXAIX
GVEQX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Government Street Equity Fund (GVEQX) and Fidelity 500 Index Fund (FXAIX). 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
GVEQX vs. FXAIX - Dividend Comparison
GVEQX's dividend yield for the trailing twelve months is around 0.59%, less than FXAIX's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVEQX Government Street Equity Fund | 0.59% | 0.61% | 0.97% | 0.97% | 0.56% | 0.74% | 0.94% | 0.98% | 0.85% | 1.11% | 1.03% | 0.92% |
FXAIX Fidelity 500 Index Fund | 1.19% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
GVEQX vs. FXAIX - Drawdown Comparison
The maximum GVEQX drawdown since its inception was -57.53%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for GVEQX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
GVEQX vs. FXAIX - Volatility Comparison
Government Street Equity Fund (GVEQX) has a higher volatility of 4.60% compared to Fidelity 500 Index Fund (FXAIX) at 3.06%. This indicates that GVEQX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.