DMXF vs. FNIDX
Compare and contrast key facts about iShares ESG Advanced MSCI EAFE ETF (DMXF) and Fidelity International Sustainability Index Fd (FNIDX).
DMXF is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Choice ESG Screened Index. It was launched on Jun 16, 2020. FNIDX is managed by Fidelity. It was launched on May 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DMXF or FNIDX.
Key characteristics
| DMXF | FNIDX | |
|---|---|---|
| YTD Return | 7.75% | 6.92% |
| 1Y Return | 14.89% | 11.61% |
| 3Y Return (Ann) | 2.76% | 0.18% |
| Sharpe Ratio | 1.18 | 0.97 |
| Daily Std Dev | 13.47% | 13.15% |
| Max Drawdown | -34.52% | -33.17% |
| Current Drawdown | -0.42% | -4.08% |
Correlation
The correlation between DMXF and FNIDX 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.
Performance
DMXF vs. FNIDX - Performance Comparison
In the year-to-date period, DMXF achieves a 7.75% return, which is significantly higher than FNIDX's 6.92% 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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DMXF vs. FNIDX - Expense Ratio Comparison
DMXF has a 0.12% expense ratio, which is lower than FNIDX's 0.20% expense ratio. Despite the difference, 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
DMXF vs. FNIDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EAFE ETF (DMXF) and Fidelity International Sustainability Index Fd (FNIDX). 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
DMXF vs. FNIDX - Dividend Comparison
DMXF's dividend yield for the trailing twelve months is around 2.13%, less than FNIDX's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DMXF iShares ESG Advanced MSCI EAFE ETF | 2.13% | 2.29% | 2.37% | 1.91% | 0.31% | 0.00% | 0.00% | 0.00% |
FNIDX Fidelity International Sustainability Index Fd | 2.47% | 2.64% | 2.32% | 1.93% | 1.13% | 2.17% | 2.28% | 1.27% |
Drawdowns
DMXF vs. FNIDX - Drawdown Comparison
The maximum DMXF drawdown since its inception was -34.52%, roughly equal to the maximum FNIDX drawdown of -33.17%. Use the drawdown chart below to compare losses from any high point for DMXF and FNIDX. For additional features, visit the drawdowns tool.
Volatility
DMXF vs. FNIDX - Volatility Comparison
iShares ESG Advanced MSCI EAFE ETF (DMXF) has a higher volatility of 3.75% compared to Fidelity International Sustainability Index Fd (FNIDX) at 3.23%. This indicates that DMXF's price experiences larger fluctuations and is considered to be riskier than FNIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.