SPHIX vs. VQNPX
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and Vanguard Growth and Income Fund Investor Shares (VQNPX).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990. VQNPX is managed by Vanguard. It was launched on Dec 10, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHIX or VQNPX.
Key characteristics
| SPHIX | VQNPX | |
|---|---|---|
| YTD Return | 8.70% | 19.15% |
| 1Y Return | 14.47% | 28.71% |
| 3Y Return (Ann) | 1.92% | 9.89% |
| 5Y Return (Ann) | 2.89% | 15.16% |
| 10Y Return (Ann) | 3.95% | 12.53% |
| Sharpe Ratio | 3.84 | 2.13 |
| Daily Std Dev | 4.00% | 13.37% |
| Max Drawdown | -31.35% | -56.93% |
| Current Drawdown | 0.00% | -1.53% |
Correlation
The correlation between SPHIX and VQNPX is 0.34, 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. VQNPX - Performance Comparison
In the year-to-date period, SPHIX achieves a 8.70% return, which is significantly lower than VQNPX's 19.15% return. Over the past 10 years, SPHIX has underperformed VQNPX with an annualized return of 3.95%, while VQNPX has yielded a comparatively higher 12.53% 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. VQNPX - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is higher than VQNPX's 0.32% expense ratio.
Risk-Adjusted Performance
SPHIX vs. VQNPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and Vanguard Growth and Income Fund Investor Shares (VQNPX). 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. VQNPX - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 5.66%, less than VQNPX's 7.16% 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% |
VQNPX Vanguard Growth and Income Fund Investor Shares | 7.16% | 8.60% | 9.69% | 15.16% | 6.53% | 4.09% | 7.93% | 5.75% | 6.90% | 7.60% | 7.09% | 1.50% |
Drawdowns
SPHIX vs. VQNPX - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.35%, smaller than the maximum VQNPX drawdown of -56.93%. Use the drawdown chart below to compare losses from any high point for SPHIX and VQNPX. For additional features, visit the drawdowns tool.
Volatility
SPHIX vs. VQNPX - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 0.61%, while Vanguard Growth and Income Fund Investor Shares (VQNPX) has a volatility of 4.26%. This indicates that SPHIX experiences smaller price fluctuations and is considered to be less risky than VQNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.