AGOX vs. FSKAX
Compare and contrast key facts about Adaptive Alpha Opportunities ETF (AGOX) and Fidelity Total Market Index Fund (FSKAX).
AGOX is managed by Adaptive Funds. It was launched on Sep 20, 2012. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGOX or FSKAX.
Key characteristics
| AGOX | FSKAX | |
|---|---|---|
| YTD Return | 1.82% | 7.25% |
| 1Y Return | 17.03% | 28.20% |
| Sharpe Ratio | 1.29 | 2.24 |
| Daily Std Dev | 12.66% | 12.17% |
| Max Drawdown | -27.73% | -35.01% |
| Current Drawdown | -6.17% | -2.54% |
Correlation
The correlation between AGOX and FSKAX is 0.90, 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
AGOX vs. FSKAX - Performance Comparison
In the year-to-date period, AGOX achieves a 1.82% return, which is significantly lower than FSKAX's 7.25% 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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AGOX vs. FSKAX - Expense Ratio Comparison
AGOX has a 1.69% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Risk-Adjusted Performance
AGOX vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adaptive Alpha Opportunities ETF (AGOX) and Fidelity Total Market Index Fund (FSKAX). 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
AGOX vs. FSKAX - Dividend Comparison
AGOX's dividend yield for the trailing twelve months is around 0.26%, less than FSKAX's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 0.26% | 0.27% | 0.20% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.35% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.33% | 2.43% | 2.49% | 1.63% | 1.54% |
Drawdowns
AGOX vs. FSKAX - Drawdown Comparison
The maximum AGOX drawdown since its inception was -27.73%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for AGOX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
AGOX vs. FSKAX - Volatility Comparison
Adaptive Alpha Opportunities ETF (AGOX) has a higher volatility of 5.20% compared to Fidelity Total Market Index Fund (FSKAX) at 4.22%. This indicates that AGOX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.