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SPHIX vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SPHIXVOO
YTD Return9.73%26.94%
1Y Return15.04%35.06%
3Y Return (Ann)2.40%10.23%
5Y Return (Ann)3.06%15.77%
10Y Return (Ann)4.06%13.41%
Sharpe Ratio4.383.08
Sortino Ratio7.674.09
Omega Ratio2.181.58
Calmar Ratio2.114.46
Martin Ratio34.9420.36
Ulcer Index0.43%1.85%
Daily Std Dev3.50%12.23%
Max Drawdown-31.35%-33.99%
Current Drawdown-0.25%-0.25%

Correlation

-0.50.00.51.00.4

The correlation between SPHIX and VOO 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. VOO - Performance Comparison

In the year-to-date period, SPHIX achieves a 9.73% return, which is significantly lower than VOO's 26.94% return. Over the past 10 years, SPHIX has underperformed VOO with an annualized return of 4.06%, while VOO has yielded a comparatively higher 13.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
6.31%
13.51%
SPHIX
VOO

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SPHIX vs. VOO - Expense Ratio Comparison

SPHIX has a 0.70% expense ratio, which is higher than VOO's 0.03% expense ratio.


SPHIX
Fidelity High Income Fund
Expense ratio chart for SPHIX: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

SPHIX vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and Vanguard S&P 500 ETF (VOO). 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.


SPHIX
Sharpe ratio
The chart of Sharpe ratio for SPHIX, currently valued at 4.38, compared to the broader market0.002.004.004.38
Sortino ratio
The chart of Sortino ratio for SPHIX, currently valued at 7.67, compared to the broader market0.005.0010.007.67
Omega ratio
The chart of Omega ratio for SPHIX, currently valued at 2.18, compared to the broader market1.002.003.004.002.18
Calmar ratio
The chart of Calmar ratio for SPHIX, currently valued at 2.10, compared to the broader market0.005.0010.0015.0020.0025.002.11
Martin ratio
The chart of Martin ratio for SPHIX, currently valued at 34.94, compared to the broader market0.0020.0040.0060.0080.00100.0034.94
VOO
Sharpe ratio
The chart of Sharpe ratio for VOO, currently valued at 2.84, compared to the broader market0.002.004.002.84
Sortino ratio
The chart of Sortino ratio for VOO, currently valued at 3.79, compared to the broader market0.005.0010.003.79
Omega ratio
The chart of Omega ratio for VOO, currently valued at 1.54, compared to the broader market1.002.003.004.001.54
Calmar ratio
The chart of Calmar ratio for VOO, currently valued at 4.07, compared to the broader market0.005.0010.0015.0020.0025.004.07
Martin ratio
The chart of Martin ratio for VOO, currently valued at 18.58, compared to the broader market0.0020.0040.0060.0080.00100.0018.58

SPHIX vs. VOO - Sharpe Ratio Comparison

The current SPHIX Sharpe Ratio is 4.38, which is higher than the VOO Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of SPHIX and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
4.38
2.84
SPHIX
VOO

Dividends

SPHIX vs. VOO - Dividend Comparison

SPHIX's dividend yield for the trailing twelve months is around 5.70%, more than VOO's 1.23% yield.


TTM20232022202120202019201820172016201520142013
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%
VOO
Vanguard S&P 500 ETF
1.23%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

SPHIX vs. VOO - Drawdown Comparison

The maximum SPHIX drawdown since its inception was -31.35%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SPHIX and VOO. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.25%
-0.25%
SPHIX
VOO

Volatility

SPHIX vs. VOO - Volatility Comparison

The current volatility for Fidelity High Income Fund (SPHIX) is 0.71%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.78%. This indicates that SPHIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.71%
3.78%
SPHIX
VOO