CFIMX vs. FMILX
CFIMX (Clipper Fund) and FMILX (Fidelity New Millennium Fund) are both Large Cap Blend Equities funds. Over the past 10 years, CFIMX returned 13.05%/yr vs 14.67%/yr for FMILX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. CFIMX charges 0.71%/yr vs 0.76%/yr for FMILX.
Performance
CFIMX vs. FMILX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CFIMX having a 10.76% return and FMILX slightly lower at 10.52%. Over the past 10 years, CFIMX has underperformed FMILX with an annualized return of 13.05%, while FMILX has yielded a comparatively higher 14.67% annualized return.
CFIMX
- 1D
- -0.24%
- 1M
- 0.48%
- 6M
- 7.90%
- YTD
- 10.76%
- 1Y
- 29.77%
- 3Y*
- 21.07%
- 5Y*
- 12.50%
- 10Y*
- 13.05%
- ALL TIME*
- 10.77%
FMILX
- 1D
- 2.04%
- 1M
- -2.67%
- 6M
- 8.55%
- YTD
- 10.52%
- 1Y
- 15.20%
- 3Y*
- 19.14%
- 5Y*
- 15.32%
- 10Y*
- 14.67%
- ALL TIME*
- 13.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CFIMX Clipper Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
CFIMX vs. FMILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CFIMX Clipper Fund | 10.76% | 27.39% | 19.40% | 31.59% | -18.80% | 17.76% | 9.96% | 29.66% | -12.90% | 17.69% |
FMILX Fidelity New Millennium Fund | 10.52% | 12.97% | 28.83% | 25.37% | -1.56% | 23.92% | 5.73% | 26.17% | -6.31% | 19.00% |
Correlation
The correlation between CFIMX and FMILX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1992 | 0.73 |
The correlation between CFIMX and FMILX shifts across timeframes, from 0.70 (1 year) to 0.84 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CFIMX vs. FMILX — Risk / Return Rank
CFIMX
FMILX
CFIMX vs. FMILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clipper Fund (CFIMX) and Fidelity New Millennium Fund (FMILX). 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.
| CFIMX | FMILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.16 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 1.12 | +2.08 |
| Martin ratioReturn relative to average drawdown | 12.91 | 3.82 | +9.10 |
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Drawdowns
CFIMX vs. FMILX - Drawdown Comparison
The maximum CFIMX drawdown since its inception was -66.07%, which is greater than FMILX's maximum drawdown of -58.56%. Use the drawdown chart below to compare losses from any high point for CFIMX and FMILX.
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Drawdown Indicators
| CFIMX | FMILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.07% | -58.56% | -7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -11.86% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.43% | -20.48% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -30.80% | -20.48% | -10.32% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -38.92% | +1.68% |
Current DrawdownCurrent decline from peak | -1.71% | -4.72% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -12.40% | +4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.47% | -1.42% |
Volatility
CFIMX vs. FMILX - Volatility Comparison
The current volatility for Clipper Fund (CFIMX) is 2.93%, while Fidelity New Millennium Fund (FMILX) has a volatility of 4.45%. This indicates that CFIMX experiences smaller price fluctuations and is considered to be less risky than FMILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFIMX | FMILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 4.45% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 12.24% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 15.91% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 17.05% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 18.01% | +1.50% |
CFIMX vs. FMILX - Expense Ratio Comparison
CFIMX has a 0.71% expense ratio, which is lower than FMILX's 0.76% expense ratio.
Dividends
CFIMX vs. FMILX - Dividend Comparison
CFIMX's dividend yield for the trailing twelve months is around 8.31%, while FMILX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFIMX Clipper Fund | 8.31% | 8.31% | 13.43% | 6.10% | 5.67% | 13.79% | 2.45% | 1.46% | 10.12% | 5.95% | 10.43% | 0.71% |
FMILX Fidelity New Millennium Fund | 0.00% | 0.00% | 3.64% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 7.84% | 6.65% | 11.99% |
Frequently Asked Questions
CFIMX and FMILX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMILX has higher volatility (4.45%) compared to CFIMX (2.93%). In terms of maximum drawdown, CFIMX dropped -66.07% vs FMILX's -58.56%.
CFIMX currently has the higher Sharpe Ratio (2.10 vs 0.84), 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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