- ISIN
- US3159127097
- CUSIP
- 315912709
- Issuer
- Fidelity
- Inception Date
- Sep 25, 2003
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Min. Investment
- $0
- Index Tracked
- Nasdaq Composite Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FNCMX Performance Chart
Fidelity NASDAQ Composite Index Fund (FNCMX) is up 14.4% since the beginning of the year. FNCMX is currently trading at $338 per share. Investors who bought $1,000 worth of FNCMX shares 5 years ago would now be looking at an investment worth $1,971.
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Returns By Period
Fidelity NASDAQ Composite Index Fund (FNCMX) has returned 14.44% so far this year and 37.23% over the past 12 months. Looking at the last ten years, FNCMX has achieved an annualized return of 19.45%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Fidelity NASDAQ Composite Index Fund
- 1D
- 1.91%
- 1M
- 0.76%
- YTD
- 14.44%
- 6M
- 13.53%
- 1Y
- 37.23%
- 3Y*
- 25.62%
- 5Y*
- 14.53%
- 10Y*
- 19.45%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FNCMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 8, 2003, FNCMX's average daily return is +0.06%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +15.5%, while the worst month was Oct 2008 at -17.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FNCMX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +12.2%, while the worst single day was Sep 25, 2003 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.96% | -3.33% | -4.70% | 15.30% | 8.44% | -1.59% | 14.44% | ||||||
| 2025 | 1.66% | -3.91% | -8.16% | 0.85% | 9.65% | 6.64% | 3.75% | 1.65% | 5.68% | 4.72% | -1.46% | -0.48% | 21.11% |
| 2024 | 1.05% | 6.21% | 1.83% | -4.38% | 6.99% | 6.04% | -0.73% | 0.75% | 2.75% | -0.52% | 6.29% | 0.53% | 29.48% |
| 2023 | 10.71% | -1.00% | 6.79% | 0.10% | 5.91% | 6.65% | 4.07% | -2.01% | -5.60% | -2.64% | 10.81% | 5.59% | 45.13% |
| 2022 | -8.96% | -3.38% | 3.52% | -13.22% | -1.90% | -8.65% | 12.36% | -4.49% | -10.32% | 3.96% | 4.50% | -8.70% | -32.40% |
| 2021 | 1.40% | 1.01% | 0.48% | 5.45% | -1.46% | 5.54% | 1.18% | 4.08% | -5.27% | 7.30% | 0.38% | 0.79% | 22.21% |
Benchmark Metrics
Fidelity NASDAQ Composite Index Fund has an annualized alpha of 2.55%, beta of 1.06, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since January 08, 2003.
- This fund captured 121.61% of S&P 500 Index gains and 108.24% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.55% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.06 and R2 of 0.86, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.55%
- Beta
- 1.06
- R²
- 0.86
- Upside Capture
- 121.61%
- Downside Capture
- 108.24%
Expense Ratio
FNCMX has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FNCMX ranks 56 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Fund (FNCMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNCMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.78 | +0.04 |
| Martin ratioReturn relative to average drawdown | 10.74 | 12.44 | -1.69 |
Dividends
Dividend History
Fidelity NASDAQ Composite Index Fund provided a 0.45% dividend yield over the last twelve months, with an annual payout of $1.52 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.52 | $1.52 | $1.48 | $1.27 | $1.16 | $0.92 | $1.09 | $4.97 | $1.66 | $0.02 | $0.72 | $0.99 |
Dividend yield | 0.45% | 0.51% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.03% | 1.01% | 1.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity NASDAQ Composite Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.52 | $1.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 | $1.48 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.92 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity NASDAQ Composite Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity NASDAQ Composite Index Fund was 55.08%, occurring on Mar 9, 2009. Recovery took 485 trading sessions.
The current Fidelity NASDAQ Composite Index Fund drawdown is 2.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.08%Mar 2009 | 1y 4mo | 1y 11mo | 3y 3moNov 2007 - Feb 2011 |
Bear market2022 | -35.64%Dec 2022 | 1y 1mo | 1y 1mo | 2y 2moNov 2021 - Feb 2024 |
COVID crash2020 | -30.10%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
2025 selloff2025 | -24.20%Apr 2025 | 3mo 22d | 2mo 19d | 6mo 11dDec 2024 - Jun 2025 |
Rate-hike selloffLate 2018 | -23.46%Dec 2018 | 3mo 21d | 4mo | 7mo 21dSep 2018 - Apr 2019 |
Drawdown Indicators
| FNCMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.08% | -56.78% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -9.10% | -3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -24.20% | -18.90% | -5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -35.64% | -25.43% | -10.21% |
Max Drawdown (10Y)Largest decline over 10 years | -35.64% | -33.92% | -1.72% |
Current DrawdownCurrent decline from peak | -2.04% | -1.80% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -10.71% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 2.03% | +1.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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