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.
Key characteristics
| SPY | FXAIX | |
|---|---|---|
| YTD Return | 6.58% | 7.98% |
| 1Y Return | 25.57% | 28.23% |
| 3Y Return (Ann) | 8.08% | 8.87% |
| 5Y Return (Ann) | 13.25% | 13.61% |
| 10Y Return (Ann) | 12.38% | 12.78% |
| Sharpe Ratio | 2.13 | 2.33 |
| Daily Std Dev | 11.60% | 11.70% |
| Max Drawdown | -55.19% | -33.79% |
| Current Drawdown | -3.47% | -2.32% |
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.
Performance
SPY vs. FXAIX - Performance Comparison
In the year-to-date period, SPY achieves a 6.58% return, which is significantly lower than FXAIX's 7.98% return. Both investments have delivered pretty close results over the past 10 years, with SPY having a 12.38% annualized return and FXAIX not far ahead at 12.78%. 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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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%.
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 1.33%, less than FXAIX's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.33% | 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 | 1.36% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 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
The current volatility for SPDR S&P 500 ETF (SPY) is 3.86%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.10%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.