SVSPX vs. FSKAX
Compare and contrast key facts about State Street S&P 500 Index Fund Class N (SVSPX) and Fidelity Total Market Index Fund (FSKAX).
SVSPX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Dec 30, 1992. FSKAX is managed by Fidelity.
Performance
SVSPX vs. FSKAX - Performance Comparison
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SVSPX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVSPX State Street S&P 500 Index Fund Class N | -7.09% | 17.83% | 25.07% | 26.21% | -18.31% | 28.38% | 18.48% | 31.27% | -4.87% | 21.71% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
The year-to-date returns for both investments are quite close, with SVSPX having a -7.09% return and FSKAX slightly higher at -6.77%. Both investments have delivered pretty close results over the past 10 years, with SVSPX having a 13.59% annualized return and FSKAX not far behind at 13.23%.
SVSPX
- 1D
- -2.06%
- 1M
- -8.10%
- YTD
- -7.09%
- 6M
- -4.55%
- 1Y
- 14.41%
- 3Y*
- 17.15%
- 5Y*
- 11.29%
- 10Y*
- 13.59%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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SVSPX vs. FSKAX - Expense Ratio Comparison
SVSPX has a 0.16% expense ratio, which is higher than FSKAX'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%.
Return for Risk
SVSPX vs. FSKAX — Risk / Return Rank
SVSPX
FSKAX
SVSPX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street S&P 500 Index Fund Class N (SVSPX) and Fidelity Total Market Index Fund (FSKAX). 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.
| SVSPX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.83 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.29 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.04 | -0.74 |
Martin ratioReturn relative to average drawdown | 1.15 | 5.05 | -3.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SVSPX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.83 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.59 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.72 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.78 | -0.23 |
Correlation
The correlation between SVSPX and FSKAX is 0.97, 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.
Dividends
SVSPX vs. FSKAX - Dividend Comparison
SVSPX's dividend yield for the trailing twelve months is around 8.93%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVSPX State Street S&P 500 Index Fund Class N | 8.93% | 8.28% | 9.39% | 12.38% | 10.53% | 11.65% | 15.98% | 6.40% | 13.29% | 4.94% | 8.63% | 4.05% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
SVSPX vs. FSKAX - Drawdown Comparison
The maximum SVSPX drawdown since its inception was -55.76%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for SVSPX and FSKAX.
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Drawdown Indicators
| SVSPX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.76% | -35.01% | -20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -12.42% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -25.39% | +0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -35.01% | +1.32% |
Current DrawdownCurrent decline from peak | -8.93% | -8.92% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -4.05% | -5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 2.57% | +2.42% |
Volatility
SVSPX vs. FSKAX - Volatility Comparison
The current volatility for State Street S&P 500 Index Fund Class N (SVSPX) is 3.96%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. This indicates that SVSPX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVSPX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 4.42% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 9.40% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.53% | 18.50% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 17.38% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 18.42% | -0.14% |