CLMT vs. FXAIX
Compare and contrast key facts about Calumet Specialty Products Partners, L.P. (CLMT) 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: CLMT or FXAIX.
Key characteristics
| CLMT | FXAIX | |
|---|---|---|
| YTD Return | -10.86% | 6.64% |
| 1Y Return | -4.38% | 25.73% |
| 3Y Return (Ann) | 37.32% | 8.17% |
| 5Y Return (Ann) | 35.47% | 13.34% |
| 10Y Return (Ann) | -3.87% | 12.54% |
| Sharpe Ratio | -0.19 | 2.13 |
| Daily Std Dev | 39.14% | 11.67% |
| Max Drawdown | -96.83% | -33.79% |
| Current Drawdown | -46.30% | -3.54% |
Correlation
The correlation between CLMT and FXAIX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CLMT vs. FXAIX - Performance Comparison
In the year-to-date period, CLMT achieves a -10.86% return, which is significantly lower than FXAIX's 6.64% return. Over the past 10 years, CLMT has underperformed FXAIX with an annualized return of -3.87%, while FXAIX has yielded a comparatively higher 12.54% 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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Risk-Adjusted Performance
CLMT vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calumet Specialty Products Partners, L.P. (CLMT) 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
CLMT vs. FXAIX - Dividend Comparison
CLMT has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.37%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLMT Calumet Specialty Products Partners, L.P. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 17.13% | 13.76% | 12.23% | 10.38% |
FXAIX Fidelity 500 Index Fund | 1.37% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
CLMT vs. FXAIX - Drawdown Comparison
The maximum CLMT drawdown since its inception was -96.83%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for CLMT and FXAIX. For additional features, visit the drawdowns tool.
Volatility
CLMT vs. FXAIX - Volatility Comparison
Calumet Specialty Products Partners, L.P. (CLMT) has a higher volatility of 9.35% compared to Fidelity 500 Index Fund (FXAIX) at 4.04%. This indicates that CLMT'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.