FAB vs. FNCMX
Compare and contrast key facts about First Trust Multi Cap Value AlphaDEX Fund (FAB) and Fidelity NASDAQ Composite Index Fund (FNCMX).
FAB is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Multi Cap Value Index. It was launched on May 8, 2007. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAB or FNCMX.
Correlation
The correlation between FAB and FNCMX is 0.68, 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
FAB vs. FNCMX - Performance Comparison
Key characteristics
FAB:
0.47
FNCMX:
1.75
FAB:
0.78
FNCMX:
2.30
FAB:
1.09
FNCMX:
1.31
FAB:
0.74
FNCMX:
2.40
FAB:
2.11
FNCMX:
8.91
FAB:
3.35%
FNCMX:
3.53%
FAB:
15.01%
FNCMX:
18.03%
FAB:
-63.29%
FNCMX:
-55.71%
FAB:
-8.04%
FNCMX:
-2.24%
Returns By Period
In the year-to-date period, FAB achieves a 7.67% return, which is significantly lower than FNCMX's 32.23% return. Over the past 10 years, FAB has underperformed FNCMX with an annualized return of 7.49%, while FNCMX has yielded a comparatively higher 16.10% annualized return.
FAB
7.67%
-7.38%
5.84%
6.77%
9.31%
7.49%
FNCMX
32.23%
3.52%
11.54%
31.50%
17.99%
16.10%
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FAB vs. FNCMX - Expense Ratio Comparison
FAB has a 0.70% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
FAB vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Value AlphaDEX Fund (FAB) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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
FAB vs. FNCMX - Dividend Comparison
FAB's dividend yield for the trailing twelve months is around 2.00%, more than FNCMX's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAB First Trust Multi Cap Value AlphaDEX Fund | 2.00% | 1.94% | 1.80% | 1.32% | 1.59% | 1.75% | 1.96% | 1.42% | 1.40% | 1.62% | 1.39% | 1.05% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.59% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% | 0.72% |
Drawdowns
FAB vs. FNCMX - Drawdown Comparison
The maximum FAB drawdown since its inception was -63.29%, which is greater than FNCMX's maximum drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for FAB and FNCMX. For additional features, visit the drawdowns tool.
Volatility
FAB vs. FNCMX - Volatility Comparison
The current volatility for First Trust Multi Cap Value AlphaDEX Fund (FAB) is 3.82%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 5.51%. This indicates that FAB experiences smaller price fluctuations and is considered to be less risky than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.