SPY vs. FXAIX
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and Fidelity 500 Index Fund (FXAIX).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPY or FXAIX.
Performance
SPY vs. FXAIX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SPY having a 26.90% return and FXAIX slightly higher at 27.08%. Both investments have delivered pretty close results over the past 10 years, with SPY having a 13.18% annualized return and FXAIX not far behind at 13.16%.
SPY
26.90%
3.19%
13.57%
33.01%
15.45%
13.18%
FXAIX
27.08%
3.21%
13.62%
33.16%
15.55%
13.16%
Key characteristics
| SPY | FXAIX | |
|---|---|---|
| Sharpe Ratio | 2.72 | 2.71 |
| Sortino Ratio | 3.62 | 3.61 |
| Omega Ratio | 1.51 | 1.50 |
| Calmar Ratio | 3.93 | 3.93 |
| Martin Ratio | 17.66 | 17.65 |
| Ulcer Index | 1.87% | 1.88% |
| Daily Std Dev | 12.14% | 12.24% |
| Max Drawdown | -55.19% | -33.79% |
| Current Drawdown | -0.21% | -0.16% |
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SPY vs. FXAIX - Expense Ratio Comparison
SPY has a 0.09% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SPY and FXAIX is 0.99, 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.
Risk-Adjusted Performance
SPY vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) 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
SPY vs. FXAIX - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.17%, less than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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
SPY vs. FXAIX - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SPY and FXAIX. For additional features, visit the drawdowns tool.
Volatility
SPY vs. FXAIX - Volatility Comparison
SPDR S&P 500 ETF (SPY) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.99% and 3.96%, 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.