ADEIX vs. FXNAX
Compare and contrast key facts about Ancora Dividend Value Equity Fund (ADEIX) and Fidelity U.S. Bond Index Fund (FXNAX).
ADEIX is managed by Ancora. It was launched on May 7, 2019. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADEIX or FXNAX.
Key characteristics
| ADEIX | FXNAX | |
|---|---|---|
| YTD Return | 1.20% | -2.50% |
| 1Y Return | 16.35% | -1.39% |
| 3Y Return (Ann) | 5.21% | -3.41% |
| Sharpe Ratio | 1.51 | -0.14 |
| Daily Std Dev | 10.23% | 6.65% |
| Max Drawdown | -34.73% | -18.64% |
| Current Drawdown | -5.11% | -12.66% |
Correlation
The correlation between ADEIX and FXNAX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ADEIX vs. FXNAX - Performance Comparison
In the year-to-date period, ADEIX achieves a 1.20% return, which is significantly higher than FXNAX's -2.50% 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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ADEIX vs. FXNAX - Expense Ratio Comparison
ADEIX has a 1.21% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
ADEIX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ancora Dividend Value Equity Fund (ADEIX) and Fidelity U.S. Bond Index Fund (FXNAX). 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
ADEIX vs. FXNAX - Dividend Comparison
ADEIX's dividend yield for the trailing twelve months is around 1.28%, less than FXNAX's 2.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADEIX Ancora Dividend Value Equity Fund | 1.28% | 1.30% | 1.42% | 1.06% | 1.23% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 2.90% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% | 2.39% |
Drawdowns
ADEIX vs. FXNAX - Drawdown Comparison
The maximum ADEIX drawdown since its inception was -34.73%, which is greater than FXNAX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for ADEIX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
ADEIX vs. FXNAX - Volatility Comparison
Ancora Dividend Value Equity Fund (ADEIX) has a higher volatility of 3.37% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.84%. This indicates that ADEIX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.