Performance as of September 9, 2008
Posted by Vijay Singal on September 14, 2008
The table below shows the performance of each portfolio ending September 9, 2008 relative to the S&P 500. Total returns including distributions are reported. SPY return including dividends is the proxy for S&P 500.
Four of the five portfolios have done well relative to the S&P 500 in the last 4 weeks (see the bottom row of the table). Note that each portfolio is held for 5 weeks in order to avoid any redemption fees. Transaction fees are zero for all Fidelity funds that are traded on the Fidelity web site when held for 30 days.
Only one of five portfolios underperformed marginally, by 0.20%. The other 4 portfolios did better than the S&P 500 over the last 4 weeks with the overperformance ranging between 0.70% and 3.40%. On the other hand, three portfolios underperformed when a complete 5 week period is considered.
Combined with the earlier 5-week periods, the portfolios continue to outperform the S&P 500.
