SVSPX vs. FXAIX
Compare and contrast key facts about State Street S&P 500 Index Fund Class N (SVSPX) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVSPX or FXAIX.
Key characteristics
| SVSPX | FXAIX | |
|---|---|---|
| YTD Return | 26.78% | 26.96% |
| 1Y Return | 21.55% | 35.01% |
| 3Y Return (Ann) | -0.02% | 10.23% |
| 5Y Return (Ann) | 6.49% | 15.78% |
| 10Y Return (Ann) | 6.14% | 13.30% |
| Sharpe Ratio | 1.53 | 3.06 |
| Sortino Ratio | 1.83 | 4.07 |
| Omega Ratio | 1.34 | 1.58 |
| Calmar Ratio | 1.04 | 4.45 |
| Martin Ratio | 6.48 | 20.17 |
| Ulcer Index | 3.69% | 1.86% |
| Daily Std Dev | 15.57% | 12.27% |
| Max Drawdown | -86.30% | -33.79% |
| Current Drawdown | -0.79% | -0.25% |
Correlation
The correlation between SVSPX 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
SVSPX vs. FXAIX - Performance Comparison
The year-to-date returns for both investments are quite close, with SVSPX having a 26.78% return and FXAIX slightly higher at 26.96%. Over the past 10 years, SVSPX has underperformed FXAIX with an annualized return of 6.14%, while FXAIX has yielded a comparatively higher 13.30% 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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SVSPX vs. FXAIX - Expense Ratio Comparison
SVSPX has a 0.16% 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
SVSPX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street S&P 500 Index Fund Class N (SVSPX) 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
SVSPX vs. FXAIX - Dividend Comparison
SVSPX's dividend yield for the trailing twelve months is around 1.16%, less than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVSPX State Street S&P 500 Index Fund Class N | 1.16% | 1.52% | 1.69% | 1.66% | 5.53% | 1.74% | 2.65% | 1.78% | 1.42% | 1.96% | 1.76% | 3.00% |
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
SVSPX vs. FXAIX - Drawdown Comparison
The maximum SVSPX drawdown since its inception was -86.30%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SVSPX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
SVSPX vs. FXAIX - Volatility Comparison
State Street S&P 500 Index Fund Class N (SVSPX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.76% and 3.74%, 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.