CFO vs. FNCMX
Compare and contrast key facts about VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) and Fidelity NASDAQ Composite Index Fund (FNCMX).
CFO is a passively managed fund by VictoryShares that tracks the performance of the Nasdaq Victory U.S. Large Cap 500 Long/Cash Volatility Weighted Index. It was launched on Jul 2, 2014. FNCMX is managed by Fidelity.
Performance
CFO vs. FNCMX - Performance Comparison
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CFO vs. FNCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CFO VictoryShares US 500 Enhanced Volatility Weighted ETF | 1.19% | 8.60% | 15.37% | -3.56% | -14.46% | 26.02% | 19.84% | 21.64% | -8.81% | 22.65% |
FNCMX Fidelity NASDAQ Composite Index Fund | -6.99% | 21.11% | 29.48% | 45.13% | -32.40% | 22.21% | 44.57% | 36.63% | -3.07% | 28.35% |
Returns By Period
In the year-to-date period, CFO achieves a 1.19% return, which is significantly higher than FNCMX's -6.99% return. Over the past 10 years, CFO has underperformed FNCMX with an annualized return of 9.02%, while FNCMX has yielded a comparatively higher 16.86% annualized return.
CFO
- 1D
- 0.40%
- 1M
- -5.03%
- YTD
- 1.19%
- 6M
- 1.77%
- 1Y
- 10.12%
- 3Y*
- 7.78%
- 5Y*
- 3.90%
- 10Y*
- 9.02%
FNCMX
- 1D
- 3.83%
- 1M
- -5.04%
- YTD
- -6.99%
- 6M
- -4.89%
- 1Y
- 24.46%
- 3Y*
- 21.83%
- 5Y*
- 10.80%
- 10Y*
- 16.86%
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CFO vs. FNCMX - Expense Ratio Comparison
CFO has a 0.35% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Return for Risk
CFO vs. FNCMX — Risk / Return Rank
CFO
FNCMX
CFO vs. FNCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) 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.
| CFO | FNCMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 1.10 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.00 | 1.70 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.92 | -1.06 |
Martin ratioReturn relative to average drawdown | 3.90 | 7.03 | -3.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CFO | FNCMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.10 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.48 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.77 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.53 | +0.09 |
Correlation
The correlation between CFO and FNCMX is 0.76, 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.
Dividends
CFO vs. FNCMX - Dividend Comparison
CFO's dividend yield for the trailing twelve months is around 1.33%, more than FNCMX's 0.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFO VictoryShares US 500 Enhanced Volatility Weighted ETF | 1.33% | 1.32% | 1.44% | 1.72% | 3.95% | 1.06% | 0.90% | 1.44% | 1.49% | 1.18% | 1.35% | 1.31% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.55% | 0.51% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.03% | 1.01% | 1.50% |
Drawdowns
CFO vs. FNCMX - Drawdown Comparison
The maximum CFO drawdown since its inception was -24.35%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for CFO and FNCMX.
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Drawdown Indicators
| CFO | FNCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -55.08% | +30.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -13.25% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -35.64% | +11.29% |
Max Drawdown (10Y)Largest decline over 10 years | -24.35% | -35.64% | +11.29% |
Current DrawdownCurrent decline from peak | -5.03% | -9.68% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -7.91% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 3.61% | -1.00% |
Volatility
CFO vs. FNCMX - Volatility Comparison
The current volatility for VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) is 4.12%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 6.98%. This indicates that CFO 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.
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Volatility by Period
| CFO | FNCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 6.98% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 13.04% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 23.31% | -7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 22.47% | -9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 22.01% | -8.74% |