SPHIX vs. IYW
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and iShares U.S. Technology ETF (IYW).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHIX or IYW.
Key characteristics
| SPHIX | IYW | |
|---|---|---|
| YTD Return | 8.70% | 19.17% |
| 1Y Return | 14.31% | 35.26% |
| 3Y Return (Ann) | 1.92% | 11.71% |
| 5Y Return (Ann) | 2.89% | 23.70% |
| 10Y Return (Ann) | 3.95% | 19.99% |
| Sharpe Ratio | 3.75 | 1.69 |
| Daily Std Dev | 4.00% | 21.12% |
| Max Drawdown | -31.35% | -81.89% |
| Current Drawdown | 0.00% | -7.95% |
Correlation
The correlation between SPHIX and IYW is 0.33, 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
SPHIX vs. IYW - Performance Comparison
In the year-to-date period, SPHIX achieves a 8.70% return, which is significantly lower than IYW's 19.17% return. Over the past 10 years, SPHIX has underperformed IYW with an annualized return of 3.95%, while IYW has yielded a comparatively higher 19.99% 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. IYW - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is higher than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
SPHIX vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and iShares U.S. Technology ETF (IYW). 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. IYW - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 5.66%, more than IYW's 0.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | 5.66% | 5.41% | 5.18% | 4.73% | 4.71% | 5.10% | 5.96% | 5.40% | 5.45% | 6.26% | 6.97% | 6.16% |
IYW iShares U.S. Technology ETF | 0.33% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
SPHIX vs. IYW - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.35%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for SPHIX and IYW. For additional features, visit the drawdowns tool.
Volatility
SPHIX vs. IYW - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 0.60%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.96%. This indicates that SPHIX experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.