FFNOX vs. AOR
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and iShares Core Growth Allocation ETF (AOR).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. AOR is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Growth Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFNOX or AOR.
Performance
FFNOX vs. AOR - Performance Comparison
Returns By Period
In the year-to-date period, FFNOX achieves a 11.43% return, which is significantly higher than AOR's 10.78% return. Over the past 10 years, FFNOX has outperformed AOR with an annualized return of 8.81%, while AOR has yielded a comparatively lower 6.30% annualized return.
FFNOX
11.43%
-2.01%
5.14%
18.80%
9.30%
8.81%
AOR
10.78%
-1.73%
4.84%
16.82%
6.55%
6.30%
Key characteristics
| FFNOX | AOR | |
|---|---|---|
| Sharpe Ratio | 1.83 | 2.24 |
| Sortino Ratio | 2.49 | 3.21 |
| Omega Ratio | 1.34 | 1.41 |
| Calmar Ratio | 2.47 | 2.10 |
| Martin Ratio | 10.20 | 14.48 |
| Ulcer Index | 1.89% | 1.21% |
| Daily Std Dev | 10.56% | 7.80% |
| Max Drawdown | -48.68% | -24.44% |
| Current Drawdown | -2.49% | -1.83% |
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FFNOX vs. AOR - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is lower than AOR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FFNOX and AOR is 0.93, 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
FFNOX vs. AOR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and iShares Core Growth Allocation ETF (AOR). 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
FFNOX vs. AOR - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 1.87%, less than AOR's 2.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 1.87% | 3.83% | 2.04% | 1.87% | 1.59% | 2.25% | 2.25% | 1.86% | 2.09% | 2.50% | 4.56% | 3.75% |
AOR iShares Core Growth Allocation ETF | 2.48% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% | 2.11% | 1.92% |
Drawdowns
FFNOX vs. AOR - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -48.68%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for FFNOX and AOR. For additional features, visit the drawdowns tool.
Volatility
FFNOX vs. AOR - Volatility Comparison
Fidelity Multi-Asset Index Fund (FFNOX) has a higher volatility of 2.87% compared to iShares Core Growth Allocation ETF (AOR) at 2.22%. This indicates that FFNOX's price experiences larger fluctuations and is considered to be riskier than AOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.