FAD vs. FNCMX
Compare and contrast key facts about First Trust Multi Cap Growth AlphaDEX Fund (FAD) and Fidelity NASDAQ Composite Index Fund (FNCMX).
FAD is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Multi Cap Growth 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: FAD or FNCMX.
Performance
FAD vs. FNCMX - Performance Comparison
Returns By Period
In the year-to-date period, FAD achieves a 32.69% return, which is significantly higher than FNCMX's 27.36% return. Over the past 10 years, FAD has underperformed FNCMX with an annualized return of 12.36%, while FNCMX has yielded a comparatively higher 15.28% annualized return.
FAD
32.69%
9.69%
20.35%
44.05%
15.09%
12.36%
FNCMX
27.36%
4.06%
12.67%
34.11%
17.62%
15.28%
Key characteristics
| FAD | FNCMX | |
|---|---|---|
| Sharpe Ratio | 2.70 | 1.95 |
| Sortino Ratio | 3.59 | 2.56 |
| Omega Ratio | 1.45 | 1.35 |
| Calmar Ratio | 2.16 | 2.60 |
| Martin Ratio | 17.31 | 9.74 |
| Ulcer Index | 2.55% | 3.50% |
| Daily Std Dev | 16.33% | 17.50% |
| Max Drawdown | -54.33% | -55.71% |
| Current Drawdown | 0.00% | -1.48% |
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FAD vs. FNCMX - Expense Ratio Comparison
FAD has a 0.63% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Correlation
The correlation between FAD and FNCMX is 0.80, 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.
Risk-Adjusted Performance
FAD vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Growth AlphaDEX Fund (FAD) 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
FAD vs. FNCMX - Dividend Comparison
FAD's dividend yield for the trailing twelve months is around 0.47%, less than FNCMX's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAD First Trust Multi Cap Growth AlphaDEX Fund | 0.47% | 0.51% | 0.60% | 0.09% | 0.32% | 0.48% | 0.20% | 0.22% | 0.64% | 0.41% | 0.44% | 0.31% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.52% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% | 0.72% |
Drawdowns
FAD vs. FNCMX - Drawdown Comparison
The maximum FAD drawdown since its inception was -54.33%, roughly equal to the maximum FNCMX drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for FAD and FNCMX. For additional features, visit the drawdowns tool.
Volatility
FAD vs. FNCMX - Volatility Comparison
First Trust Multi Cap Growth AlphaDEX Fund (FAD) and Fidelity NASDAQ Composite Index Fund (FNCMX) have volatilities of 5.52% and 5.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.