SPMD vs. FLVCX
Compare and contrast key facts about SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and Fidelity Leveraged Company Stock Fund (FLVCX).
SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005. FLVCX is managed by Fidelity. It was launched on Dec 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMD or FLVCX.
Key characteristics
| SPMD | FLVCX | |
|---|---|---|
| YTD Return | 16.78% | 15.03% |
| 1Y Return | 29.43% | 20.03% |
| 3Y Return (Ann) | 4.97% | -6.32% |
| 5Y Return (Ann) | 11.64% | 5.70% |
| 10Y Return (Ann) | 9.72% | -0.13% |
| Sharpe Ratio | 1.76 | 0.95 |
| Sortino Ratio | 2.52 | 1.29 |
| Omega Ratio | 1.31 | 1.20 |
| Calmar Ratio | 2.63 | 0.60 |
| Martin Ratio | 10.24 | 4.38 |
| Ulcer Index | 2.74% | 4.50% |
| Daily Std Dev | 15.92% | 20.67% |
| Max Drawdown | -57.62% | -69.99% |
| Current Drawdown | -3.53% | -19.31% |
Correlation
The correlation between SPMD and FLVCX is 0.85, 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
SPMD vs. FLVCX - Performance Comparison
In the year-to-date period, SPMD achieves a 16.78% return, which is significantly higher than FLVCX's 15.03% return. Over the past 10 years, SPMD has outperformed FLVCX with an annualized return of 9.72%, while FLVCX has yielded a comparatively lower -0.13% 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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SPMD vs. FLVCX - Expense Ratio Comparison
SPMD has a 0.05% expense ratio, which is lower than FLVCX's 0.74% expense ratio.
Risk-Adjusted Performance
SPMD vs. FLVCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and Fidelity Leveraged Company Stock Fund (FLVCX). 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
SPMD vs. FLVCX - Dividend Comparison
SPMD's dividend yield for the trailing twelve months is around 1.34%, more than FLVCX's 0.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.34% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
FLVCX Fidelity Leveraged Company Stock Fund | 0.85% | 0.62% | 0.80% | 0.24% | 0.11% | 0.10% | 0.00% | 0.20% | 1.12% | 8.18% | 0.76% | 0.63% |
Drawdowns
SPMD vs. FLVCX - Drawdown Comparison
The maximum SPMD drawdown since its inception was -57.62%, smaller than the maximum FLVCX drawdown of -69.99%. Use the drawdown chart below to compare losses from any high point for SPMD and FLVCX. For additional features, visit the drawdowns tool.
Volatility
SPMD vs. FLVCX - Volatility Comparison
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and Fidelity Leveraged Company Stock Fund (FLVCX) have volatilities of 5.48% and 5.44%, 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.