Correlation
The correlation between ATWYX and FDFIX is 0.95, 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.
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.
Performance
ATWYX vs. FDFIX - Performance Comparison
Loading data...
Key characteristics
ATWYX:
0.51
FDFIX:
0.73
ATWYX:
0.73
FDFIX:
1.04
ATWYX:
1.10
FDFIX:
1.15
ATWYX:
0.45
FDFIX:
0.69
ATWYX:
1.76
FDFIX:
2.62
ATWYX:
4.53%
FDFIX:
4.93%
ATWYX:
18.41%
FDFIX:
19.78%
ATWYX:
-60.18%
FDFIX:
-33.77%
ATWYX:
-1.75%
FDFIX:
-3.43%
Returns By Period
In the year-to-date period, ATWYX achieves a 4.07% return, which is significantly higher than FDFIX's 1.03% return.
ATWYX
4.07%
5.89%
-0.23%
8.60%
9.44%
10.42%
4.87%
FDFIX
1.03%
5.64%
-1.39%
13.51%
14.41%
15.95%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 Rank
ATWYX
FDFIX
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.
Loading data...
Dividends
ATWYX vs. FDFIX - Dividend Comparison
ATWYX's dividend yield for the trailing twelve months is around 2.39%, more than FDFIX's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 2.39% | 2.49% | 1.84% | 5.88% | 5.81% | 1.23% | 4.93% | 5.57% | 12.93% | 3.16% | 7.84% | 2.77% |
FDFIX Fidelity Flex 500 Index Fund | 1.27% | 1.26% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% | 0.00% | 0.00% | 0.00% |
Drawdowns
ATWYX vs. FDFIX - Drawdown Comparison
The maximum ATWYX drawdown since its inception was -60.18%, 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.
Loading data...
Volatility
ATWYX vs. FDFIX - Volatility Comparison
The current volatility for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) is 4.14%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 4.78%. This indicates that ATWYX 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.
Loading data...