FFNOX vs. FLPSX
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and Fidelity Low-Priced Stock Fund (FLPSX).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. FLPSX is managed by T. Rowe Price. It was launched on Dec 27, 1989.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFNOX or FLPSX.
Performance
FFNOX vs. FLPSX - Performance Comparison
Returns By Period
In the year-to-date period, FFNOX achieves a 12.00% return, which is significantly higher than FLPSX's 10.81% return. Over the past 10 years, FFNOX has underperformed FLPSX with an annualized return of 7.68%, while FLPSX has yielded a comparatively higher 9.26% annualized return.
FFNOX
12.00%
-1.50%
5.56%
18.05%
7.54%
7.68%
FLPSX
10.81%
-1.39%
1.21%
19.57%
11.46%
9.26%
Key characteristics
| FFNOX | FLPSX | |
|---|---|---|
| Sharpe Ratio | 1.75 | 1.64 |
| Sortino Ratio | 2.38 | 2.30 |
| Omega Ratio | 1.32 | 1.29 |
| Calmar Ratio | 1.31 | 2.74 |
| Martin Ratio | 9.41 | 9.41 |
| Ulcer Index | 1.98% | 2.19% |
| Daily Std Dev | 10.65% | 12.56% |
| Max Drawdown | -49.77% | -52.95% |
| Current Drawdown | -2.00% | -2.68% |
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FFNOX vs. FLPSX - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is lower than FLPSX's 0.82% expense ratio.
Correlation
The correlation between FFNOX and FLPSX is 0.90, 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. FLPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and Fidelity Low-Priced Stock Fund (FLPSX). 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. FLPSX - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 1.87%, less than FLPSX's 2.15% 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% | 2.43% | 2.87% | 2.96% | 2.90% | 2.49% | 2.50% | 2.78% | 2.46% | 2.05% |
FLPSX Fidelity Low-Priced Stock Fund | 2.15% | 2.02% | 1.20% | 1.54% | 1.77% | 1.77% | 1.94% | 1.45% | 1.20% | 5.15% | 6.91% | 7.46% |
Drawdowns
FFNOX vs. FLPSX - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -49.77%, smaller than the maximum FLPSX drawdown of -52.95%. Use the drawdown chart below to compare losses from any high point for FFNOX and FLPSX. For additional features, visit the drawdowns tool.
Volatility
FFNOX vs. FLPSX - Volatility Comparison
The current volatility for Fidelity Multi-Asset Index Fund (FFNOX) is 2.88%, while Fidelity Low-Priced Stock Fund (FLPSX) has a volatility of 4.23%. This indicates that FFNOX experiences smaller price fluctuations and is considered to be less risky than FLPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.