FFNOX vs. FXAIX
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and Fidelity 500 Index Fund (FXAIX).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FFNOX vs. FXAIX - Performance Comparison
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FFNOX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | -3.78% | 20.18% | 13.05% | 19.29% | -18.02% | 17.05% | 16.30% | 25.09% | -6.58% | 17.09% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FFNOX achieves a -3.78% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, FFNOX has underperformed FXAIX with an annualized return of 9.90%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
FFNOX
- 1D
- -0.16%
- 1M
- -8.18%
- YTD
- -3.78%
- 6M
- -1.17%
- 1Y
- 15.66%
- 3Y*
- 13.45%
- 5Y*
- 7.51%
- 10Y*
- 9.90%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FFNOX vs. FXAIX - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FFNOX vs. FXAIX — Risk / Return Rank
FFNOX
FXAIX
FFNOX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) 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.
| FFNOX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.84 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.30 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.05 | +0.30 |
Martin ratioReturn relative to average drawdown | 6.23 | 5.13 | +1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFNOX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.84 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.68 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.77 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.75 | -0.35 |
Correlation
The correlation between FFNOX 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.
Dividends
FFNOX vs. FXAIX - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 3.82%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 3.82% | 3.68% | 6.43% | 3.18% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 0.64% | 2.50% | 0.70% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FFNOX vs. FXAIX - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -49.84%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FFNOX and FXAIX.
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Drawdown Indicators
| FFNOX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -33.79% | -16.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -12.13% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -24.50% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -29.93% | -33.79% | +3.86% |
Current DrawdownCurrent decline from peak | -8.60% | -8.89% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -3.83% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.50% | -0.24% |
Volatility
FFNOX vs. FXAIX - Volatility Comparison
Fidelity Multi-Asset Index Fund (FFNOX) has a higher volatility of 4.81% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that FFNOX'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.
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Volatility by Period
| FFNOX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 4.24% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 9.08% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.47% | 18.13% | -3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.64% | 16.88% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 18.03% | -3.53% |