FFNOX vs. IJR
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and iShares Core S&P Small-Cap ETF (IJR).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFNOX or IJR.
Correlation
The correlation between FFNOX and IJR is 0.86, 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
FFNOX vs. IJR - Performance Comparison
Key characteristics
FFNOX:
0.27
IJR:
-0.04
FFNOX:
0.43
IJR:
0.08
FFNOX:
1.06
IJR:
1.01
FFNOX:
0.32
IJR:
-0.04
FFNOX:
1.07
IJR:
-0.12
FFNOX:
2.99%
IJR:
6.60%
FFNOX:
11.89%
IJR:
19.58%
FFNOX:
-48.68%
IJR:
-58.15%
FFNOX:
-5.55%
IJR:
-15.47%
Returns By Period
In the year-to-date period, FFNOX achieves a 0.90% return, which is significantly higher than IJR's -7.42% return. Over the past 10 years, FFNOX has underperformed IJR with an annualized return of 6.65%, while IJR has yielded a comparatively higher 7.65% annualized return.
FFNOX
0.90%
-1.35%
-3.18%
3.74%
11.15%
6.65%
IJR
-7.42%
-2.30%
-6.31%
0.98%
17.74%
7.65%
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FFNOX vs. IJR - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is higher than IJR's 0.07% 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%.
Risk-Adjusted Performance
FFNOX vs. IJR — Risk-Adjusted Performance Rank
FFNOX
IJR
FFNOX vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and iShares Core S&P Small-Cap ETF (IJR). 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. IJR - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 2.12%, less than IJR's 2.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 2.12% | 2.14% | 3.83% | 2.04% | 1.87% | 1.59% | 2.25% | 2.25% | 1.86% | 2.09% | 2.50% | 4.56% |
IJR iShares Core S&P Small-Cap ETF | 2.22% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% |
Drawdowns
FFNOX vs. IJR - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -48.68%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for FFNOX and IJR. For additional features, visit the drawdowns tool.
Volatility
FFNOX vs. IJR - Volatility Comparison
The current volatility for Fidelity Multi-Asset Index Fund (FFNOX) is 4.34%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 6.15%. This indicates that FFNOX experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.