ASFYX vs. FNCMX
Compare and contrast key facts about AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) and Fidelity NASDAQ Composite Index Fund (FNCMX).
ASFYX is managed by Blackrock. It was launched on Jul 30, 2010. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASFYX or FNCMX.
Key characteristics
| ASFYX | FNCMX | |
|---|---|---|
| YTD Return | 7.68% | 5.72% |
| 1Y Return | 4.38% | 33.14% |
| 3Y Return (Ann) | 7.97% | 5.49% |
| 5Y Return (Ann) | 9.63% | 15.20% |
| 10Y Return (Ann) | 6.03% | 15.39% |
| Sharpe Ratio | 0.44 | 2.02 |
| Daily Std Dev | 9.90% | 16.07% |
| Max Drawdown | -28.00% | -55.08% |
| Current Drawdown | -12.60% | -3.65% |
Correlation
The correlation between ASFYX and FNCMX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ASFYX vs. FNCMX - Performance Comparison
In the year-to-date period, ASFYX achieves a 7.68% return, which is significantly higher than FNCMX's 5.72% return. Over the past 10 years, ASFYX has underperformed FNCMX with an annualized return of 6.03%, while FNCMX has yielded a comparatively higher 15.39% annualized 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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ASFYX vs. FNCMX - Expense Ratio Comparison
ASFYX has a 1.47% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
ASFYX vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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
ASFYX vs. FNCMX - Dividend Comparison
ASFYX's dividend yield for the trailing twelve months is around 0.91%, more than FNCMX's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 0.91% | 0.98% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% | 13.52% | 0.00% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.63% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.73% | 1.01% | 0.89% | 1.24% | 1.61% |
Drawdowns
ASFYX vs. FNCMX - Drawdown Comparison
The maximum ASFYX drawdown since its inception was -28.00%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for ASFYX and FNCMX. For additional features, visit the drawdowns tool.
Volatility
ASFYX vs. FNCMX - Volatility Comparison
The current volatility for AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) is 3.80%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 5.93%. This indicates that ASFYX experiences smaller price fluctuations and is considered to be less risky than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.