SPHIX vs. XLE
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and Energy Select Sector SPDR Fund (XLE).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHIX or XLE.
Key characteristics
| SPHIX | XLE | |
|---|---|---|
| YTD Return | 9.73% | 14.60% |
| 1Y Return | 15.99% | 15.47% |
| 3Y Return (Ann) | 2.40% | 22.36% |
| 5Y Return (Ann) | 3.06% | 14.95% |
| 10Y Return (Ann) | 4.06% | 4.88% |
| Sharpe Ratio | 4.42 | 0.92 |
| Sortino Ratio | 7.74 | 1.33 |
| Omega Ratio | 2.19 | 1.17 |
| Calmar Ratio | 2.09 | 1.22 |
| Martin Ratio | 35.33 | 2.86 |
| Ulcer Index | 0.43% | 5.71% |
| Daily Std Dev | 3.50% | 17.81% |
| Max Drawdown | -31.35% | -71.54% |
| Current Drawdown | -0.25% | -2.82% |
Correlation
The correlation between SPHIX and XLE is 0.25, 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. XLE - Performance Comparison
In the year-to-date period, SPHIX achieves a 9.73% return, which is significantly lower than XLE's 14.60% return. Over the past 10 years, SPHIX has underperformed XLE with an annualized return of 4.06%, while XLE has yielded a comparatively higher 4.88% 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. XLE - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
SPHIX vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and Energy Select Sector SPDR Fund (XLE). 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. XLE - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 5.70%, more than XLE's 3.18% 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% |
XLE Energy Select Sector SPDR Fund | 3.18% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
SPHIX vs. XLE - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.35%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for SPHIX and XLE. For additional features, visit the drawdowns tool.
Volatility
SPHIX vs. XLE - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 0.72%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 5.94%. This indicates that SPHIX experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.