Correlation
The correlation between DHAMX and FMILX is 0.90, 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.
DHAMX vs. FMILX
Compare and contrast key facts about Centre American Select Equity Fund (DHAMX) and Fidelity New Millennium Fund (FMILX).
DHAMX is managed by Centre Funds. It was launched on Dec 21, 2011. FMILX is managed by Fidelity. It was launched on Dec 28, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHAMX or FMILX.
Performance
DHAMX vs. FMILX - Performance Comparison
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Key characteristics
DHAMX:
0.16
FMILX:
0.57
DHAMX:
0.25
FMILX:
0.82
DHAMX:
1.04
FMILX:
1.12
DHAMX:
0.07
FMILX:
0.51
DHAMX:
0.25
FMILX:
1.76
DHAMX:
5.81%
FMILX:
5.91%
DHAMX:
17.07%
FMILX:
21.25%
DHAMX:
-24.67%
FMILX:
-56.03%
DHAMX:
-6.45%
FMILX:
-4.45%
Returns By Period
In the year-to-date period, DHAMX achieves a -2.37% return, which is significantly lower than FMILX's 0.91% return. Both investments have delivered pretty close results over the past 10 years, with DHAMX having a 11.67% annualized return and FMILX not far ahead at 12.25%.
DHAMX
-2.37%
5.32%
-5.66%
1.59%
3.86%
14.16%
11.67%
FMILX
0.91%
6.28%
-1.46%
11.64%
17.04%
20.14%
12.25%
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DHAMX vs. FMILX - Expense Ratio Comparison
DHAMX has a 1.46% expense ratio, which is higher than FMILX's 0.59% expense ratio.
Risk-Adjusted Performance
DHAMX vs. FMILX — Risk-Adjusted Performance Rank
DHAMX
FMILX
DHAMX vs. FMILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Centre American Select Equity Fund (DHAMX) and Fidelity New Millennium Fund (FMILX). 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.
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Dividends
DHAMX vs. FMILX - Dividend Comparison
DHAMX's dividend yield for the trailing twelve months is around 12.82%, more than FMILX's 3.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHAMX Centre American Select Equity Fund | 12.82% | 12.51% | 2.59% | 1.37% | 16.31% | 4.52% | 9.94% | 22.37% | 13.14% | 3.58% | 11.03% | 1.37% |
FMILX Fidelity New Millennium Fund | 3.61% | 3.64% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 8.73% | 6.65% | 11.99% | 8.67% |
Drawdowns
DHAMX vs. FMILX - Drawdown Comparison
The maximum DHAMX drawdown since its inception was -24.67%, smaller than the maximum FMILX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for DHAMX and FMILX.
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Volatility
DHAMX vs. FMILX - Volatility Comparison
Centre American Select Equity Fund (DHAMX) has a higher volatility of 5.74% compared to Fidelity New Millennium Fund (FMILX) at 4.61%. This indicates that DHAMX's price experiences larger fluctuations and is considered to be riskier than FMILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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