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:
1.07
IJR:
0.58
FFNOX:
1.46
IJR:
0.96
FFNOX:
1.20
IJR:
1.11
FFNOX:
0.99
IJR:
0.96
FFNOX:
5.75
IJR:
3.14
FFNOX:
2.01%
IJR:
3.66%
FFNOX:
10.85%
IJR:
19.88%
FFNOX:
-48.68%
IJR:
-58.15%
FFNOX:
-3.88%
IJR:
-8.47%
Returns By Period
In the year-to-date period, FFNOX achieves a 11.25% return, which is significantly higher than IJR's 8.90% return. Over the past 10 years, FFNOX has underperformed IJR with an annualized return of 7.34%, while IJR has yielded a comparatively higher 9.12% annualized return.
FFNOX
11.25%
-0.67%
4.11%
10.77%
6.30%
7.34%
IJR
8.90%
-3.32%
10.79%
9.27%
8.38%
9.12%
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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 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 1.88%, less than IJR's 2.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 1.88% | 3.83% | 2.04% | 1.87% | 1.59% | 2.25% | 2.25% | 1.86% | 2.09% | 2.50% | 4.56% | 3.75% |
IJR iShares Core S&P Small-Cap ETF | 2.05% | 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 -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 3.11%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 5.90%. 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.