SPHIX vs. FXAIX
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and Fidelity 500 Index Fund (FXAIX).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHIX or FXAIX.
Key characteristics
| SPHIX | FXAIX | |
|---|---|---|
| YTD Return | 9.73% | 26.92% |
| 1Y Return | 15.99% | 37.57% |
| 3Y Return (Ann) | 2.40% | 10.24% |
| 5Y Return (Ann) | 3.06% | 15.96% |
| 10Y Return (Ann) | 4.06% | 13.30% |
| Sharpe Ratio | 4.42 | 3.05 |
| Sortino Ratio | 7.74 | 4.06 |
| Omega Ratio | 2.19 | 1.57 |
| Calmar Ratio | 2.09 | 4.44 |
| Martin Ratio | 35.33 | 20.09 |
| Ulcer Index | 0.43% | 1.86% |
| Daily Std Dev | 3.50% | 12.28% |
| Max Drawdown | -31.35% | -33.79% |
| Current Drawdown | -0.25% | -0.28% |
Correlation
The correlation between SPHIX and FXAIX is 0.42, 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. FXAIX - Performance Comparison
In the year-to-date period, SPHIX achieves a 9.73% return, which is significantly lower than FXAIX's 26.92% return. Over the past 10 years, SPHIX has underperformed FXAIX with an annualized return of 4.06%, while FXAIX has yielded a comparatively higher 13.30% 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. FXAIX - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
SPHIX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) 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
SPHIX vs. FXAIX - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 5.70%, more than FXAIX's 1.21% 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% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
SPHIX vs. FXAIX - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.35%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SPHIX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
SPHIX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 0.72%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.85%. This indicates that SPHIX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.