AWAYX vs. FDFIX
Compare and contrast key facts about AB Wealth Appreciation Strategy (AWAYX) and Fidelity Flex 500 Index Fund (FDFIX).
AWAYX is managed by AllianceBernstein. 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: AWAYX or FDFIX.
Correlation
The correlation between AWAYX 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.
Performance
AWAYX vs. FDFIX - Performance Comparison
Key characteristics
AWAYX:
1.07
FDFIX:
1.87
AWAYX:
1.46
FDFIX:
2.52
AWAYX:
1.20
FDFIX:
1.34
AWAYX:
1.27
FDFIX:
2.83
AWAYX:
4.41
FDFIX:
11.74
AWAYX:
3.21%
FDFIX:
2.04%
AWAYX:
13.26%
FDFIX:
12.78%
AWAYX:
-63.81%
FDFIX:
-33.77%
AWAYX:
-3.17%
FDFIX:
-0.42%
Returns By Period
In the year-to-date period, AWAYX achieves a 5.63% return, which is significantly higher than FDFIX's 4.18% return.
AWAYX
5.63%
1.67%
3.22%
14.33%
6.45%
5.45%
FDFIX
4.18%
1.24%
10.55%
24.47%
14.69%
N/A
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AWAYX vs. FDFIX - Expense Ratio Comparison
AWAYX has a 0.40% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
AWAYX vs. FDFIX — Risk-Adjusted Performance Rank
AWAYX
FDFIX
AWAYX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Wealth Appreciation Strategy (AWAYX) 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
AWAYX vs. FDFIX - Dividend Comparison
AWAYX's dividend yield for the trailing twelve months is around 1.13%, less than FDFIX's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWAYX AB Wealth Appreciation Strategy | 1.13% | 1.19% | 1.33% | 1.74% | 1.51% | 1.37% | 1.40% | 1.45% | 3.63% | 3.57% | 1.87% | 2.63% |
FDFIX Fidelity Flex 500 Index Fund | 1.21% | 1.26% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% | 0.00% | 0.00% | 0.00% |
Drawdowns
AWAYX vs. FDFIX - Drawdown Comparison
The maximum AWAYX drawdown since its inception was -63.81%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for AWAYX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
AWAYX vs. FDFIX - Volatility Comparison
AB Wealth Appreciation Strategy (AWAYX) and Fidelity Flex 500 Index Fund (FDFIX) have volatilities of 3.15% and 3.01%, 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.