FDHT vs. NASDX
Compare and contrast key facts about Fidelity Digital Health ETF (FDHT) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
FDHT is a passively managed fund by Fidelity that tracks the performance of the Fidelity Digital Health Index. It was launched on Oct 5, 2021. NASDX is a passively managed fund by Blackrock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000. Both FDHT and NASDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDHT or NASDX.
Key characteristics
| FDHT | NASDX | |
|---|---|---|
| YTD Return | 7.26% | 25.88% |
| 1Y Return | 33.29% | 29.92% |
| 3Y Return (Ann) | -8.56% | 5.23% |
| Sharpe Ratio | 1.66 | 1.51 |
| Sortino Ratio | 2.35 | 1.96 |
| Omega Ratio | 1.29 | 1.29 |
| Calmar Ratio | 0.69 | 1.91 |
| Martin Ratio | 8.37 | 7.09 |
| Ulcer Index | 3.53% | 4.07% |
| Daily Std Dev | 17.81% | 19.14% |
| Max Drawdown | -44.80% | -81.69% |
| Current Drawdown | -24.15% | 0.00% |
Correlation
The correlation between FDHT and NASDX is 0.74, 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
FDHT vs. NASDX - Performance Comparison
In the year-to-date period, FDHT achieves a 7.26% return, which is significantly lower than NASDX's 25.88% 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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FDHT vs. NASDX - Expense Ratio Comparison
FDHT has a 0.39% expense ratio, which is lower than NASDX's 0.63% expense ratio.
Risk-Adjusted Performance
FDHT vs. NASDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Digital Health ETF (FDHT) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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
FDHT vs. NASDX - Dividend Comparison
FDHT's dividend yield for the trailing twelve months is around 0.06%, less than NASDX's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDHT Fidelity Digital Health ETF | 0.06% | 0.04% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 0.38% | 0.45% | 0.50% | 0.15% | 0.37% | 0.47% | 0.94% | 1.35% | 0.75% | 0.86% | 1.02% | 0.72% |
Drawdowns
FDHT vs. NASDX - Drawdown Comparison
The maximum FDHT drawdown since its inception was -44.80%, smaller than the maximum NASDX drawdown of -81.69%. Use the drawdown chart below to compare losses from any high point for FDHT and NASDX. For additional features, visit the drawdowns tool.
Volatility
FDHT vs. NASDX - Volatility Comparison
The current volatility for Fidelity Digital Health ETF (FDHT) is 4.52%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 5.15%. This indicates that FDHT experiences smaller price fluctuations and is considered to be less risky than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.