Correlation
The correlation between SPAX and FSPTX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SPAX vs. FSPTX
Compare and contrast key facts about Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and Fidelity Select Technology Portfolio (FSPTX).
SPAX is an actively managed fund by Toroso Investments. It was launched on Jun 22, 2021. FSPTX is managed by Fidelity. It was launched on Jul 13, 1981.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAX or FSPTX.
Performance
SPAX vs. FSPTX - Performance Comparison
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Key characteristics
Returns By Period
SPAX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
FSPTX
-3.73%
9.17%
-3.83%
12.48%
21.59%
18.82%
19.34%
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SPAX vs. FSPTX - Expense Ratio Comparison
SPAX has a 0.85% expense ratio, which is higher than FSPTX's 0.67% expense ratio.
Risk-Adjusted Performance
SPAX vs. FSPTX — Risk-Adjusted Performance Rank
SPAX
FSPTX
SPAX vs. FSPTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and Fidelity Select Technology Portfolio (FSPTX). 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.
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Dividends
SPAX vs. FSPTX - Dividend Comparison
SPAX has not paid dividends to shareholders, while FSPTX's dividend yield for the trailing twelve months is around 7.39%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPAX Robinson Alternative Yield Pre-merger SPAC ETF | 4.15% | 5.50% | 5.37% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSPTX Fidelity Select Technology Portfolio | 7.39% | 4.71% | 0.01% | 3.95% | 11.62% | 18.86% | 1.61% | 23.63% | 8.31% | 1.49% | 4.19% | 17.71% |
Drawdowns
SPAX vs. FSPTX - Drawdown Comparison
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Volatility
SPAX vs. FSPTX - Volatility Comparison
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