FEX vs. FNCMX
Compare and contrast key facts about First Trust Large Cap Core AlphaDEX Fund (FEX) and Fidelity NASDAQ Composite Index Fund (FNCMX).
FEX is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Large Cap Core 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: FEX or FNCMX.
Correlation
The correlation between FEX and FNCMX is 0.82, 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
FEX vs. FNCMX - Performance Comparison
Key characteristics
FEX:
1.49
FNCMX:
1.46
FEX:
2.12
FNCMX:
1.97
FEX:
1.27
FNCMX:
1.26
FEX:
2.27
FNCMX:
2.04
FEX:
6.30
FNCMX:
7.34
FEX:
2.87%
FNCMX:
3.66%
FEX:
12.10%
FNCMX:
18.41%
FEX:
-58.81%
FNCMX:
-55.71%
FEX:
-2.34%
FNCMX:
-0.54%
Returns By Period
In the year-to-date period, FEX achieves a 5.29% return, which is significantly higher than FNCMX's 3.91% return. Over the past 10 years, FEX has underperformed FNCMX with an annualized return of 10.22%, while FNCMX has yielded a comparatively higher 15.47% annualized return.
FEX
5.29%
1.16%
9.93%
19.73%
12.09%
10.22%
FNCMX
3.91%
2.20%
12.20%
29.09%
16.99%
15.47%
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FEX vs. FNCMX - Expense Ratio Comparison
FEX has a 0.59% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
FEX vs. FNCMX — Risk-Adjusted Performance Rank
FEX
FNCMX
FEX vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Core AlphaDEX Fund (FEX) 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
FEX vs. FNCMX - Dividend Comparison
FEX's dividend yield for the trailing twelve months is around 1.12%, more than FNCMX's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEX First Trust Large Cap Core AlphaDEX Fund | 1.12% | 1.18% | 1.38% | 1.61% | 0.80% | 1.20% | 1.32% | 1.34% | 1.07% | 1.29% | 1.33% | 1.30% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.58% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% |
Drawdowns
FEX vs. FNCMX - Drawdown Comparison
The maximum FEX drawdown since its inception was -58.81%, which is greater than FNCMX's maximum drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for FEX and FNCMX. For additional features, visit the drawdowns tool.
Volatility
FEX vs. FNCMX - Volatility Comparison
The current volatility for First Trust Large Cap Core AlphaDEX Fund (FEX) is 2.45%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 5.14%. This indicates that FEX 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.