AXS vs. FXAIX
AXS (AXIS Capital Holdings Limited) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, AXS returned 10.07%/yr vs 15.58%/yr for FXAIX. At a 0.41 correlation, their price movements are largely independent.
Performance
AXS vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, AXS achieves a -3.03% return, which is significantly lower than FXAIX's 10.19% return. Over the past 10 years, AXS has underperformed FXAIX with an annualized return of 10.07%, while FXAIX has yielded a comparatively higher 15.58% annualized return.
AXS
- 1D
- 2.38%
- 1M
- 3.45%
- YTD
- -3.03%
- 6M
- -4.31%
- 1Y
- 2.55%
- 3Y*
- 27.36%
- 5Y*
- 19.44%
- 10Y*
- 10.07%
FXAIX
- 1D
- 1.09%
- 1M
- 0.47%
- YTD
- 10.19%
- 6M
- 9.68%
- 1Y
- 27.18%
- 3Y*
- 20.98%
- 5Y*
- 14.10%
- 10Y*
- 15.58%
AXS vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXS AXIS Capital Holdings Limited | -3.03% | 22.96% | 63.90% | 5.57% | 2.63% | 11.81% | -11.92% | 18.26% | 5.75% | -20.96% |
FXAIX Fidelity 500 Index Fund | 10.19% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between AXS and FXAIX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.41 |
Over the past year, the correlation between AXS and FXAIX has dropped to 0.00 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
AXS vs. FXAIX — Risk / Return Rank
AXS
FXAIX
AXS vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXIS Capital Holdings Limited (AXS) and Fidelity 500 Index Fund (FXAIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AXS | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.39 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 3.04 | -2.86 |
| Martin ratioReturn relative to average drawdown | 0.38 | 13.75 | -13.37 |
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Drawdowns
AXS vs. FXAIX - Drawdown Comparison
The maximum AXS drawdown since its inception was -55.93%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for AXS and FXAIX.
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Drawdown Indicators
| AXS | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.93% | -33.79% | -22.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.60% | -8.89% | -5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.73% | -18.76% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.99% | -24.50% | +5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | -33.79% | -15.52% |
Current DrawdownCurrent decline from peak | -4.50% | -1.36% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -3.79% | -8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 1.96% | +4.82% |
Volatility
AXS vs. FXAIX - Volatility Comparison
AXIS Capital Holdings Limited (AXS) has a higher volatility of 7.96% compared to Fidelity 500 Index Fund (FXAIX) at 4.77%. This indicates that AXS's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXS | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 4.77% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 15.71% | 9.91% | +5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 12.47% | +10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.94% | 17.01% | +7.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.60% | 18.11% | +8.49% |
Dividends
AXS vs. FXAIX - Dividend Comparison
AXS's dividend yield for the trailing twelve months is around 1.70%, more than FXAIX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXS AXIS Capital Holdings Limited | 1.70% | 1.64% | 1.99% | 3.18% | 3.19% | 3.10% | 3.27% | 2.71% | 3.04% | 3.04% | 2.19% | 2.17% |
FXAIX Fidelity 500 Index Fund | 1.04% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
AXS and FXAIX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXS has higher volatility (7.96%) compared to FXAIX (4.77%). In terms of maximum drawdown, AXS dropped -55.93% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (2.17 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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