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:
1.01
IJR:
0.55
FFNOX:
1.37
IJR:
0.93
FFNOX:
1.19
IJR:
1.11
FFNOX:
1.13
IJR:
0.87
FFNOX:
4.43
IJR:
2.37
FFNOX:
2.56%
IJR:
4.34%
FFNOX:
11.24%
IJR:
18.70%
FFNOX:
-48.68%
IJR:
-58.15%
FFNOX:
-1.79%
IJR:
-8.05%
Returns By Period
In the year-to-date period, FFNOX achieves a 4.92% return, which is significantly higher than IJR's 0.71% return. Over the past 10 years, FFNOX has underperformed IJR with an annualized return of 7.02%, while IJR has yielded a comparatively higher 8.76% annualized return.
FFNOX
4.92%
2.07%
3.57%
11.65%
6.29%
7.02%
IJR
0.71%
-3.27%
4.04%
11.72%
8.67%
8.76%
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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 2.04%, which matches IJR's 2.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 2.04% | 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 | 2.04% | 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 2.45%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 3.75%. 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.