CMBS vs. FZROX
Compare and contrast key facts about iShares CMBS ETF (CMBS) and Fidelity ZERO Total Market Index Fund (FZROX).
CMBS is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. CMBS (ERISA Only) Index. It was launched on Feb 14, 2012. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMBS or FZROX.
Key characteristics
| CMBS | FZROX | |
|---|---|---|
| YTD Return | -1.03% | 4.99% |
| 1Y Return | 1.23% | 23.88% |
| 3Y Return (Ann) | -2.72% | 6.47% |
| 5Y Return (Ann) | 0.46% | 12.46% |
| Sharpe Ratio | 0.36 | 1.85 |
| Daily Std Dev | 5.04% | 12.06% |
| Max Drawdown | -15.87% | -34.96% |
| Current Drawdown | -9.72% | -4.64% |
Correlation
The correlation between CMBS and FZROX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CMBS vs. FZROX - Performance Comparison
In the year-to-date period, CMBS achieves a -1.03% return, which is significantly lower than FZROX's 4.99% 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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CMBS vs. FZROX - Expense Ratio Comparison
CMBS has a 0.25% expense ratio, which is higher than FZROX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CMBS vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares CMBS ETF (CMBS) and Fidelity ZERO Total Market Index Fund (FZROX). 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
CMBS vs. FZROX - Dividend Comparison
CMBS's dividend yield for the trailing twelve months is around 3.17%, more than FZROX's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMBS iShares CMBS ETF | 3.17% | 2.97% | 2.65% | 2.46% | 2.83% | 2.74% | 2.70% | 2.50% | 2.29% | 2.31% | 2.15% | 2.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.30% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CMBS vs. FZROX - Drawdown Comparison
The maximum CMBS drawdown since its inception was -15.87%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for CMBS and FZROX. For additional features, visit the drawdowns tool.
Volatility
CMBS vs. FZROX - Volatility Comparison
The current volatility for iShares CMBS ETF (CMBS) is 1.22%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 3.97%. This indicates that CMBS experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.