SPAX vs. FZROX
Compare and contrast key facts about Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and Fidelity ZERO Total Market Index Fund (FZROX).
SPAX is an actively managed fund by Toroso Investments. It was launched on Jun 22, 2021. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAX or FZROX.
Correlation
The correlation between SPAX and FZROX 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. FZROX - Performance Comparison
Key characteristics
SPAX:
0.93
FZROX:
1.83
SPAX:
1.40
FZROX:
2.47
SPAX:
1.20
FZROX:
1.33
SPAX:
2.77
FZROX:
2.78
SPAX:
9.56
FZROX:
10.99
SPAX:
0.61%
FZROX:
2.17%
SPAX:
6.27%
FZROX:
13.05%
SPAX:
-8.88%
FZROX:
-34.96%
SPAX:
0.00%
FZROX:
0.00%
Returns By Period
In the year-to-date period, SPAX achieves a 0.69% return, which is significantly lower than FZROX's 4.52% return.
SPAX
0.69%
1.74%
2.79%
5.89%
N/A
N/A
FZROX
4.52%
2.21%
10.86%
23.66%
13.93%
N/A
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SPAX vs. FZROX - Expense Ratio Comparison
SPAX has a 0.85% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
SPAX vs. FZROX — Risk-Adjusted Performance Rank
SPAX
FZROX
SPAX vs. FZROX - 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 ZERO Total Market Index Fund (FZROX). 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
SPAX vs. FZROX - Dividend Comparison
SPAX's dividend yield for the trailing twelve months is around 5.46%, more than FZROX's 1.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
SPAX Robinson Alternative Yield Pre-merger SPAC ETF | 5.46% | 5.50% | 7.54% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.11% | 1.16% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% |
Drawdowns
SPAX vs. FZROX - Drawdown Comparison
The maximum SPAX drawdown since its inception was -8.88%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for SPAX and FZROX. For additional features, visit the drawdowns tool.
Volatility
SPAX vs. FZROX - Volatility Comparison
Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and Fidelity ZERO Total Market Index Fund (FZROX) have volatilities of 3.27% and 3.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.