CFA vs. FNCMX
Compare and contrast key facts about VictoryShares US 500 Volatility Wtd ETF (CFA) and Fidelity NASDAQ Composite Index Fund (FNCMX).
CFA is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Large Cap 500 Volatility Weighted Index. It was launched on Jul 2, 2014. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CFA or FNCMX.
Key characteristics
| CFA | FNCMX | |
|---|---|---|
| YTD Return | 13.39% | 18.41% |
| 1Y Return | 20.02% | 28.12% |
| 3Y Return (Ann) | 6.29% | 6.63% |
| 5Y Return (Ann) | 11.02% | 17.71% |
| 10Y Return (Ann) | 10.92% | 15.55% |
| Sharpe Ratio | 1.84 | 1.63 |
| Daily Std Dev | 11.44% | 17.90% |
| Max Drawdown | -37.74% | -55.08% |
| Current Drawdown | -0.69% | -5.03% |
Correlation
The correlation between CFA and FNCMX is 0.77, 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
CFA vs. FNCMX - Performance Comparison
In the year-to-date period, CFA achieves a 13.39% return, which is significantly lower than FNCMX's 18.41% return. Over the past 10 years, CFA has underperformed FNCMX with an annualized return of 10.92%, while FNCMX has yielded a comparatively higher 15.55% annualized 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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CFA vs. FNCMX - Expense Ratio Comparison
CFA has a 0.35% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
CFA vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US 500 Volatility Wtd ETF (CFA) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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
CFA vs. FNCMX - Dividend Comparison
CFA's dividend yield for the trailing twelve months is around 1.39%, more than FNCMX's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFA VictoryShares US 500 Volatility Wtd ETF | 1.39% | 1.42% | 1.59% | 1.04% | 1.21% | 1.35% | 1.49% | 1.15% | 1.37% | 1.31% | 0.63% | 0.00% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.56% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.73% | 1.01% | 0.89% | 1.24% | 1.61% |
Drawdowns
CFA vs. FNCMX - Drawdown Comparison
The maximum CFA drawdown since its inception was -37.74%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for CFA and FNCMX. For additional features, visit the drawdowns tool.
Volatility
CFA vs. FNCMX - Volatility Comparison
The current volatility for VictoryShares US 500 Volatility Wtd ETF (CFA) is 3.21%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 6.61%. This indicates that CFA experiences smaller price fluctuations and is considered to be less risky than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.