SPHIX vs. DGRO
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and iShares Core Dividend Growth ETF (DGRO).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHIX or DGRO.
Key characteristics
| SPHIX | DGRO | |
|---|---|---|
| YTD Return | 9.73% | 20.38% |
| 1Y Return | 15.99% | 31.55% |
| 3Y Return (Ann) | 2.40% | 8.19% |
| 5Y Return (Ann) | 3.06% | 12.05% |
| 10Y Return (Ann) | 4.06% | 12.00% |
| Sharpe Ratio | 4.42 | 3.23 |
| Sortino Ratio | 7.74 | 4.57 |
| Omega Ratio | 2.19 | 1.60 |
| Calmar Ratio | 2.09 | 4.06 |
| Martin Ratio | 35.33 | 21.73 |
| Ulcer Index | 0.43% | 1.44% |
| Daily Std Dev | 3.50% | 9.68% |
| Max Drawdown | -31.35% | -35.10% |
| Current Drawdown | -0.25% | -0.76% |
Correlation
The correlation between SPHIX and DGRO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPHIX vs. DGRO - Performance Comparison
In the year-to-date period, SPHIX achieves a 9.73% return, which is significantly lower than DGRO's 20.38% return. Over the past 10 years, SPHIX has underperformed DGRO with an annualized return of 4.06%, while DGRO has yielded a comparatively higher 12.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPHIX vs. DGRO - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
SPHIX vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and iShares Core Dividend Growth ETF (DGRO). 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
SPHIX vs. DGRO - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 5.70%, more than DGRO's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | 5.70% | 5.43% | 5.17% | 4.74% | 4.71% | 5.11% | 6.00% | 5.40% | 5.45% | 6.26% | 6.97% | 6.16% |
DGRO iShares Core Dividend Growth ETF | 2.16% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
SPHIX vs. DGRO - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.35%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for SPHIX and DGRO. For additional features, visit the drawdowns tool.
Volatility
SPHIX vs. DGRO - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 0.72%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.29%. This indicates that SPHIX experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.