APENX vs. FDFIX
Compare and contrast key facts about Cavanal Hill Strategic Enhanced Yield Fund (APENX) and Fidelity Flex 500 Index Fund (FDFIX).
APENX is managed by Cavanal Hill funds. It was launched on Dec 25, 2017. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: APENX or FDFIX.
Key characteristics
| APENX | FDFIX | |
|---|---|---|
| YTD Return | -0.29% | 10.07% |
| 1Y Return | 2.46% | 28.43% |
| 3Y Return (Ann) | -2.24% | 9.66% |
| 5Y Return (Ann) | 0.24% | 14.54% |
| Sharpe Ratio | 0.50 | 2.44 |
| Daily Std Dev | 5.11% | 11.60% |
| Max Drawdown | -16.51% | -33.77% |
| Current Drawdown | -9.32% | -0.45% |
Correlation
The correlation between APENX and FDFIX is -0.05. 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
APENX vs. FDFIX - Performance Comparison
In the year-to-date period, APENX achieves a -0.29% return, which is significantly lower than FDFIX's 10.07% 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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APENX vs. FDFIX - Expense Ratio Comparison
APENX has a 1.01% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
APENX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill Strategic Enhanced Yield Fund (APENX) and Fidelity Flex 500 Index Fund (FDFIX). 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
APENX vs. FDFIX - Dividend Comparison
APENX's dividend yield for the trailing twelve months is around 4.80%, more than FDFIX's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
APENX Cavanal Hill Strategic Enhanced Yield Fund | 4.80% | 4.42% | 3.52% | 2.00% | 3.20% | 4.02% | 2.02% | 0.00% |
FDFIX Fidelity Flex 500 Index Fund | 1.35% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% |
Drawdowns
APENX vs. FDFIX - Drawdown Comparison
The maximum APENX drawdown since its inception was -16.51%, smaller than the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for APENX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
APENX vs. FDFIX - Volatility Comparison
The current volatility for Cavanal Hill Strategic Enhanced Yield Fund (APENX) is 1.44%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 3.94%. This indicates that APENX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.