ATWYX vs. FDFIX
Compare and contrast key facts about AB Tax-Managed Wealth Appreciation Strategy (ATWYX) and Fidelity Flex 500 Index Fund (FDFIX).
ATWYX is managed by Blackrock. It was launched on Sep 1, 2003. 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: ATWYX or FDFIX.
Key characteristics
| ATWYX | FDFIX | |
|---|---|---|
| YTD Return | 12.73% | 11.70% |
| 1Y Return | 26.05% | 29.38% |
| 3Y Return (Ann) | 6.43% | 10.10% |
| 5Y Return (Ann) | 11.03% | 15.06% |
| Sharpe Ratio | 2.35 | 2.67 |
| Daily Std Dev | 11.68% | 11.62% |
| Max Drawdown | -59.13% | -33.77% |
| Current Drawdown | -0.32% | -0.18% |
Correlation
The correlation between ATWYX and FDFIX is 0.96, 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
ATWYX vs. FDFIX - Performance Comparison
In the year-to-date period, ATWYX achieves a 12.73% return, which is significantly higher than FDFIX's 11.70% 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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ATWYX vs. FDFIX - Expense Ratio Comparison
ATWYX has a 0.38% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
ATWYX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) 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
ATWYX vs. FDFIX - Dividend Comparison
ATWYX's dividend yield for the trailing twelve months is around 1.63%, more than FDFIX's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 1.63% | 1.84% | 5.88% | 5.81% | 1.23% | 4.93% | 5.57% | 12.93% | 3.16% | 7.84% | 2.77% | 2.32% |
FDFIX Fidelity Flex 500 Index Fund | 1.33% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ATWYX vs. FDFIX - Drawdown Comparison
The maximum ATWYX drawdown since its inception was -59.13%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for ATWYX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
ATWYX vs. FDFIX - Volatility Comparison
AB Tax-Managed Wealth Appreciation Strategy (ATWYX) and Fidelity Flex 500 Index Fund (FDFIX) have volatilities of 3.44% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.