CONWX vs. FDFIX
Compare and contrast key facts about Concorde Wealth Management Fund (CONWX) and Fidelity Flex 500 Index Fund (FDFIX).
CONWX is managed by Blackrock. It was launched on Dec 3, 1987. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CONWX or FDFIX.
Correlation
The correlation between CONWX and FDFIX is 0.78, 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.
Performance
CONWX vs. FDFIX - Performance Comparison
Key characteristics
CONWX:
0.72
FDFIX:
1.87
CONWX:
0.89
FDFIX:
2.52
CONWX:
1.18
FDFIX:
1.34
CONWX:
0.58
FDFIX:
2.83
CONWX:
1.69
FDFIX:
11.74
CONWX:
4.83%
FDFIX:
2.04%
CONWX:
11.33%
FDFIX:
12.78%
CONWX:
-26.09%
FDFIX:
-33.77%
CONWX:
-9.11%
FDFIX:
-0.42%
Returns By Period
The year-to-date returns for both stocks are quite close, with CONWX having a 4.22% return and FDFIX slightly lower at 4.18%.
CONWX
4.22%
0.33%
-1.13%
8.03%
3.71%
N/A
FDFIX
4.18%
1.24%
10.55%
24.47%
14.69%
N/A
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CONWX vs. FDFIX - Expense Ratio Comparison
CONWX has a 1.41% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
CONWX vs. FDFIX — Risk-Adjusted Performance Rank
CONWX
FDFIX
CONWX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Concorde Wealth Management Fund (CONWX) and Fidelity Flex 500 Index Fund (FDFIX). 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
CONWX vs. FDFIX - Dividend Comparison
CONWX's dividend yield for the trailing twelve months is around 1.53%, more than FDFIX's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 1.53% | 1.60% | 2.16% | 0.37% | 1.33% | 1.00% | 1.36% | 0.43% | 0.00% |
FDFIX Fidelity Flex 500 Index Fund | 1.21% | 1.26% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% |
Drawdowns
CONWX vs. FDFIX - Drawdown Comparison
The maximum CONWX drawdown since its inception was -26.09%, smaller than the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for CONWX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
CONWX vs. FDFIX - Volatility Comparison
The current volatility for Concorde Wealth Management Fund (CONWX) is 2.07%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 3.01%. This indicates that CONWX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.