Is FXAIX the same as SPY

**FXAIX is not the same as SPY.** Although both FXAIX and SPY are index funds, they differ in their management and investment strategies.

1. **Management Strategy**:
- FXAIX is managed by Fidelity Investments, which means it is actively managed to outperform the index.
- SPY, on the other hand, is managed by State Street Global Advisors and seeks to track the S&P 500 index closely.
2. **Investment Focus**:
- FXAIX typically invests at least 80% of its assets in common stocks included in the S&P 500 index, which represents the performance of U.S. common stocks.
- SPY, as the name suggests, aims to match the performance of the S&P 500 index.
3. **Expense Ratio**:
- The expense ratio for FXAIX is not provided, but Fidelity is known for its low-cost index funds.
- SPY has an expense ratio of 0.07%, which is among the lowest for index funds.
4. **Distributions**:
- FXAIX may distribute dividends and capital gains, but the specific details are not available.
- SPY also distributes dividends and capital gains, with the distribution schedule and amounts available on the fund's website.
5. **Performance**:
- FXAIX's performance will depend on Fidelity's management skills, which could result in higher or lower returns than the index.
- SPY's performance will closely track the S&P 500 index.

In conclusion, while FXAIX and SPY both seek to capitalize on the performance of the S&P 500 index, their management styles, expense ratios, and potential for outperformance differentiate them.