SSSYX vs. FXAIX
Compare and contrast key facts about State Street Equity 500 Index Fund Class K (SSSYX) and Fidelity 500 Index Fund (FXAIX).
SSSYX is a passively managed fund by State Street Global Advisors that tracks the performance of the S&P 500 Index. It was launched on Sep 17, 2014. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSSYX or FXAIX.
Correlation
The correlation between SSSYX 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
SSSYX vs. FXAIX - Performance Comparison
Key characteristics
SSSYX:
1.87
FXAIX:
1.87
SSSYX:
2.52
FXAIX:
2.52
SSSYX:
1.34
FXAIX:
1.34
SSSYX:
2.83
FXAIX:
2.83
SSSYX:
11.72
FXAIX:
11.72
SSSYX:
2.04%
FXAIX:
2.04%
SSSYX:
12.75%
FXAIX:
12.76%
SSSYX:
-33.77%
FXAIX:
-33.79%
SSSYX:
-0.42%
FXAIX:
-0.42%
Returns By Period
The year-to-date returns for both stocks are quite close, with SSSYX having a 4.20% return and FXAIX slightly lower at 4.19%. Over the past 10 years, SSSYX has underperformed FXAIX with an annualized return of 11.81%, while FXAIX has yielded a comparatively higher 13.09% annualized return.
SSSYX
4.20%
1.25%
10.51%
24.43%
13.96%
11.81%
FXAIX
4.19%
1.25%
10.54%
24.46%
14.70%
13.09%
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SSSYX vs. FXAIX - Expense Ratio Comparison
SSSYX has a 0.02% 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
SSSYX vs. FXAIX — Risk-Adjusted Performance Rank
SSSYX
FXAIX
SSSYX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Equity 500 Index Fund Class K (SSSYX) 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
SSSYX vs. FXAIX - Dividend Comparison
SSSYX's dividend yield for the trailing twelve months is around 1.56%, more than FXAIX's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSSYX State Street Equity 500 Index Fund Class K | 1.56% | 1.63% | 1.44% | 1.09% | 1.38% | 1.58% | 1.92% | 2.14% | 2.29% | 1.66% | 1.84% | 1.81% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
SSSYX vs. FXAIX - Drawdown Comparison
The maximum SSSYX drawdown since its inception was -33.77%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SSSYX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
SSSYX vs. FXAIX - Volatility Comparison
State Street Equity 500 Index Fund Class K (SSSYX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 2.99% and 3.00%, 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.