FDWM vs. FXAIX
Compare and contrast key facts about Fidelity Women's Leadership ETF (FDWM) and Fidelity 500 Index Fund (FXAIX).
FDWM is a passively managed fund by Fidelity that tracks the performance of the Russell 3000. It was launched on Jun 15, 2021. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDWM or FXAIX.
Key characteristics
| FDWM | FXAIX | |
|---|---|---|
| YTD Return | 5.43% | 7.38% |
| 1Y Return | 22.77% | 25.26% |
| Sharpe Ratio | 1.86 | 2.36 |
| Daily Std Dev | 13.36% | 11.73% |
| Max Drawdown | -29.13% | -33.79% |
| Current Drawdown | -3.92% | -2.87% |
Correlation
The correlation between FDWM and FXAIX is 0.96, 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
FDWM vs. FXAIX - Performance Comparison
In the year-to-date period, FDWM achieves a 5.43% return, which is significantly lower than FXAIX's 7.38% 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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FDWM vs. FXAIX - Expense Ratio Comparison
FDWM has a 0.59% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FDWM vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Women's Leadership ETF (FDWM) and Fidelity 500 Index Fund (FXAIX). 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
FDWM vs. FXAIX - Dividend Comparison
FDWM's dividend yield for the trailing twelve months is around 0.75%, less than FXAIX's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDWM Fidelity Women's Leadership ETF | 0.75% | 0.80% | 0.90% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.36% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
FDWM vs. FXAIX - Drawdown Comparison
The maximum FDWM drawdown since its inception was -29.13%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FDWM and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FDWM vs. FXAIX - Volatility Comparison
Fidelity Women's Leadership ETF (FDWM) has a higher volatility of 3.96% compared to Fidelity 500 Index Fund (FXAIX) at 3.58%. This indicates that FDWM's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.