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SPAX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

SPAX vs. FXAIX

Last updated May 19, 2025

Compare and contrast key facts about Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and Fidelity 500 Index Fund (FXAIX).

SPAX is an actively managed fund by Toroso Investments. It was launched on Jun 22, 2021. FXAIX is managed by Fidelity.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAX or FXAIX.

Correlation

The correlation between SPAX and FXAIX 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.

Performance

SPAX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

SPAX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

FXAIX

YTD

2.10%

1M

12.91%

6M

2.48%

1Y

14.18%

5Y*

17.21%

10Y*

12.70%

*Annualized

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SPAX vs. FXAIX - Expense Ratio Comparison

SPAX has a 0.85% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
FXAIX
Fidelity 500 Index Fund

Risk-Adjusted Performance

SPAX vs. FXAIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPAX
The Risk-Adjusted Performance Rank of SPAX is 8080
Overall Rank
The Sharpe Ratio Rank of SPAX is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of SPAX is 7171
Sortino Ratio Rank
The Omega Ratio Rank of SPAX is 7373
Omega Ratio Rank
The Calmar Ratio Rank of SPAX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of SPAX is 9090
Martin Ratio Rank
FXAIX
The Risk-Adjusted Performance Rank of FXAIX is 7373
Overall Rank
The Sharpe Ratio Rank of FXAIX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of FXAIX is 7070
Sortino Ratio Rank
The Omega Ratio Rank of FXAIX is 7676
Omega Ratio Rank
The Calmar Ratio Rank of FXAIX is 7878
Calmar Ratio Rank
The Martin Ratio Rank of FXAIX is 7474
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPAX vs. FXAIX - 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 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.

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Dividends

SPAX vs. FXAIX - Dividend Comparison

SPAX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.54%.

TTM20242023202220212020201920182017201620152014
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%
FXAIX
Fidelity 500 Index Fund		1.54%1.25%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%

Drawdowns

SPAX vs. FXAIX - Drawdown Comparison

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Volatility

SPAX vs. FXAIX - Volatility Comparison

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