SPIDX vs. FXAIX
Compare and contrast key facts about Invesco S&P 500 Index Fund (SPIDX) and Fidelity 500 Index Fund (FXAIX).
SPIDX is managed by Invesco. It was launched on Sep 26, 1997. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPIDX or FXAIX.
Key characteristics
| SPIDX | FXAIX | |
|---|---|---|
| YTD Return | 26.61% | 26.92% |
| 1Y Return | 37.18% | 37.57% |
| 3Y Return (Ann) | 9.92% | 10.24% |
| 5Y Return (Ann) | 15.64% | 15.96% |
| 10Y Return (Ann) | 13.09% | 13.30% |
| Sharpe Ratio | 3.02 | 3.05 |
| Sortino Ratio | 4.02 | 4.06 |
| Omega Ratio | 1.57 | 1.57 |
| Calmar Ratio | 4.39 | 4.44 |
| Martin Ratio | 19.79 | 20.09 |
| Ulcer Index | 1.87% | 1.86% |
| Daily Std Dev | 12.28% | 12.28% |
| Max Drawdown | -55.30% | -33.79% |
| Current Drawdown | -0.29% | -0.28% |
Correlation
The correlation between SPIDX and FXAIX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPIDX vs. FXAIX - Performance Comparison
The year-to-date returns for both investments are quite close, with SPIDX having a 26.61% return and FXAIX slightly higher at 26.92%. Both investments have delivered pretty close results over the past 10 years, with SPIDX having a 13.09% annualized return and FXAIX not far ahead at 13.30%. 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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SPIDX vs. FXAIX - Expense Ratio Comparison
SPIDX has a 0.29% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
SPIDX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Index Fund (SPIDX) 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
SPIDX vs. FXAIX - Dividend Comparison
SPIDX's dividend yield for the trailing twelve months is around 0.97%, less than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIDX Invesco S&P 500 Index Fund | 0.97% | 1.23% | 1.13% | 0.98% | 1.28% | 1.50% | 1.81% | 1.49% | 1.49% | 1.74% | 1.38% | 1.60% |
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
SPIDX vs. FXAIX - Drawdown Comparison
The maximum SPIDX drawdown since its inception was -55.30%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SPIDX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
SPIDX vs. FXAIX - Volatility Comparison
Invesco S&P 500 Index Fund (SPIDX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.86% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.