CMC vs. FMIL
Compare and contrast key facts about Commercial Metals Company (CMC) and Fidelity New Millennium ETF (FMIL).
FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMC or FMIL.
Key characteristics
| CMC | FMIL | |
|---|---|---|
| YTD Return | 22.74% | 31.93% |
| 1Y Return | 33.00% | 39.35% |
| 3Y Return (Ann) | 22.69% | 17.54% |
| Sharpe Ratio | 1.19 | 3.20 |
| Sortino Ratio | 2.02 | 4.31 |
| Omega Ratio | 1.24 | 1.59 |
| Calmar Ratio | 1.58 | 4.73 |
| Martin Ratio | 4.91 | 22.78 |
| Ulcer Index | 7.66% | 1.86% |
| Daily Std Dev | 31.48% | 13.22% |
| Max Drawdown | -83.77% | -15.87% |
| Current Drawdown | -3.47% | -0.55% |
Correlation
The correlation between CMC and FMIL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CMC vs. FMIL - Performance Comparison
In the year-to-date period, CMC achieves a 22.74% return, which is significantly lower than FMIL's 31.93% 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
CMC vs. FMIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Commercial Metals Company (CMC) and Fidelity New Millennium ETF (FMIL). 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
CMC vs. FMIL - Dividend Comparison
CMC's dividend yield for the trailing twelve months is around 1.15%, more than FMIL's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMC Commercial Metals Company | 1.15% | 1.28% | 1.20% | 1.38% | 2.34% | 2.16% | 3.00% | 2.25% | 2.20% | 3.51% | 2.95% | 2.36% |
FMIL Fidelity New Millennium ETF | 0.67% | 0.22% | 1.43% | 1.68% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CMC vs. FMIL - Drawdown Comparison
The maximum CMC drawdown since its inception was -83.77%, which is greater than FMIL's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for CMC and FMIL. For additional features, visit the drawdowns tool.
Volatility
CMC vs. FMIL - Volatility Comparison
Commercial Metals Company (CMC) has a higher volatility of 16.55% compared to Fidelity New Millennium ETF (FMIL) at 3.93%. This indicates that CMC's price experiences larger fluctuations and is considered to be riskier than FMIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.