FFND vs. FFNOX
Compare and contrast key facts about Future Fund Active ETF (FFND) and Fidelity Multi-Asset Index Fund (FFNOX).
FFND is an actively managed fund by Future Fund Advisors. It was launched on Aug 24, 2021. FFNOX is managed by Fidelity. It was launched on Jun 29, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFND or FFNOX.
Key characteristics
| FFND | FFNOX | |
|---|---|---|
| YTD Return | 7.83% | 1.85% |
| 1Y Return | 34.99% | 13.86% |
| Sharpe Ratio | 1.91 | 1.29 |
| Daily Std Dev | 18.22% | 10.60% |
| Max Drawdown | -47.84% | -48.68% |
| Current Drawdown | -19.71% | -4.25% |
Correlation
The correlation between FFND and FFNOX is 0.87, 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
FFND vs. FFNOX - Performance Comparison
In the year-to-date period, FFND achieves a 7.83% return, which is significantly higher than FFNOX's 1.85% 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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FFND vs. FFNOX - Expense Ratio Comparison
FFND has a 1.01% expense ratio, which is higher than FFNOX's 0.11% expense ratio.
Risk-Adjusted Performance
FFND vs. FFNOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Future Fund Active ETF (FFND) and Fidelity Multi-Asset Index Fund (FFNOX). 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
FFND vs. FFNOX - Dividend Comparison
FFND has not paid dividends to shareholders, while FFNOX's dividend yield for the trailing twelve months is around 3.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFND Future Fund Active ETF | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFNOX Fidelity Multi-Asset Index Fund | 3.19% | 4.98% | 7.14% | 5.71% | 2.87% | 2.51% | 2.90% | 2.49% | 2.50% | 2.82% | 4.56% | 3.75% |
Drawdowns
FFND vs. FFNOX - Drawdown Comparison
The maximum FFND drawdown since its inception was -47.84%, roughly equal to the maximum FFNOX drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for FFND and FFNOX. For additional features, visit the drawdowns tool.
Volatility
FFND vs. FFNOX - Volatility Comparison
Future Fund Active ETF (FFND) has a higher volatility of 5.69% compared to Fidelity Multi-Asset Index Fund (FFNOX) at 4.36%. This indicates that FFND's price experiences larger fluctuations and is considered to be riskier than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.