Correlation
The correlation between EDEN and FNORX is 0.58, 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.
EDEN vs. FNORX
Compare and contrast key facts about iShares MSCI Denmark ETF (EDEN) and Fidelity Nordic Fund (FNORX).
EDEN is a passively managed fund by iShares that tracks the performance of the MSCI Denmark IMI 25/50 Index. It was launched on Jan 25, 2012. FNORX is managed by Fidelity. It was launched on Nov 1, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EDEN or FNORX.
Performance
EDEN vs. FNORX - Performance Comparison
Loading data...
Key characteristics
EDEN:
-0.39
FNORX:
0.07
EDEN:
-0.47
FNORX:
0.13
EDEN:
0.94
FNORX:
1.02
EDEN:
-0.30
FNORX:
-0.00
EDEN:
-0.63
FNORX:
-0.00
EDEN:
13.80%
FNORX:
8.95%
EDEN:
20.55%
FNORX:
18.48%
EDEN:
-36.61%
FNORX:
-69.37%
EDEN:
-12.56%
FNORX:
-2.75%
Returns By Period
In the year-to-date period, EDEN achieves a 8.45% return, which is significantly lower than FNORX's 17.18% return. Over the past 10 years, EDEN has outperformed FNORX with an annualized return of 9.13%, while FNORX has yielded a comparatively lower 8.46% annualized return.
EDEN
8.45%
7.80%
1.28%
-7.87%
8.37%
11.21%
9.13%
FNORX
17.18%
4.81%
10.00%
1.32%
10.77%
12.69%
8.46%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EDEN vs. FNORX - Expense Ratio Comparison
EDEN has a 0.53% expense ratio, which is lower than FNORX's 0.92% expense ratio.
Risk-Adjusted Performance
EDEN vs. FNORX — Risk-Adjusted Performance Rank
EDEN
FNORX
EDEN vs. FNORX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) and Fidelity Nordic Fund (FNORX). 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.
Loading data...
Dividends
EDEN vs. FNORX - Dividend Comparison
EDEN's dividend yield for the trailing twelve months is around 1.38%, less than FNORX's 5.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 1.38% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% | 0.87% |
FNORX Fidelity Nordic Fund | 5.24% | 6.14% | 0.05% | 0.00% | 14.85% | 3.29% | 4.59% | 10.78% | 4.07% | 1.71% | 1.43% | 0.00% |
Drawdowns
EDEN vs. FNORX - Drawdown Comparison
The maximum EDEN drawdown since its inception was -36.61%, smaller than the maximum FNORX drawdown of -69.37%. Use the drawdown chart below to compare losses from any high point for EDEN and FNORX.
Loading data...
Volatility
EDEN vs. FNORX - Volatility Comparison
iShares MSCI Denmark ETF (EDEN) has a higher volatility of 5.65% compared to Fidelity Nordic Fund (FNORX) at 4.14%. This indicates that EDEN's price experiences larger fluctuations and is considered to be riskier than FNORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...