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.
Performance
FFNOX vs. IJR - Performance Comparison
Returns By Period
In the year-to-date period, FFNOX achieves a 12.00% return, which is significantly lower than IJR's 13.18% return. Over the past 10 years, FFNOX has underperformed IJR with an annualized return of 7.68%, while IJR has yielded a comparatively higher 9.68% annualized return.
FFNOX
12.00%
-1.50%
5.56%
18.05%
7.54%
7.68%
IJR
13.18%
2.55%
10.65%
27.71%
10.14%
9.68%
Key characteristics
| FFNOX | IJR | |
|---|---|---|
| Sharpe Ratio | 1.75 | 1.46 |
| Sortino Ratio | 2.38 | 2.17 |
| Omega Ratio | 1.32 | 1.26 |
| Calmar Ratio | 1.31 | 1.61 |
| Martin Ratio | 9.41 | 8.20 |
| Ulcer Index | 1.98% | 3.55% |
| Daily Std Dev | 10.65% | 19.97% |
| Max Drawdown | -49.77% | -58.15% |
| Current Drawdown | -2.00% | -4.04% |
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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%.
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.
Risk-Adjusted Performance
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 1.87%, more than IJR's 1.25% 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% |
IJR iShares Core S&P Small-Cap ETF | 1.25% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
FFNOX vs. IJR - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -49.77%, 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 2.88%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 7.73%. 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.