BKKT vs. FXAIX
Compare and contrast key facts about Bakkt Holdings, Inc. (BKKT) and Fidelity 500 Index Fund (FXAIX).
FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKKT or FXAIX.
Key characteristics
| BKKT | FXAIX | |
|---|---|---|
| YTD Return | -88.68% | 5.67% |
| 1Y Return | -80.73% | 23.72% |
| 3Y Return (Ann) | -71.58% | 7.94% |
| Sharpe Ratio | -0.61 | 1.91 |
| Daily Std Dev | 132.76% | 11.69% |
| Max Drawdown | -99.41% | -33.79% |
| Current Drawdown | -99.41% | -4.41% |
Correlation
The correlation between BKKT and FXAIX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BKKT vs. FXAIX - Performance Comparison
In the year-to-date period, BKKT achieves a -88.68% return, which is significantly lower than FXAIX's 5.67% 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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Risk-Adjusted Performance
BKKT vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bakkt Holdings, Inc. (BKKT) 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.
Dividends
BKKT vs. FXAIX - Dividend Comparison
BKKT has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.39%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKKT Bakkt Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.39% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
BKKT vs. FXAIX - Drawdown Comparison
The maximum BKKT drawdown since its inception was -99.41%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BKKT and FXAIX. For additional features, visit the drawdowns tool.
Volatility
BKKT vs. FXAIX - Volatility Comparison
Bakkt Holdings, Inc. (BKKT) has a higher volatility of 48.80% compared to Fidelity 500 Index Fund (FXAIX) at 3.85%. This indicates that BKKT'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.