FFNOX vs. NTSX

Last updated Jun 6, 2026

FFNOX (Fidelity Multi-Asset Index Fund) and NTSX (WisdomTree U.S. Efficient Core Fund) are both Diversified Portfolio funds. Over the past 5 years, FFNOX returned 9.40%/yr vs 9.23%/yr for NTSX. Their correlation of 0.90 suggests significant overlap in exposure. FFNOX charges 0.11%/yr vs 0.20%/yr for NTSX.

Performance

FFNOX vs. NTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Multi-Asset Index Fund (FFNOX) and WisdomTree U.S. Efficient Core Fund (NTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFNOX achieves a 11.12% return, which is significantly higher than NTSX's 6.35% return.

FFNOX

• 1D: 0.33%
• 1M: 1.90%
• YTD: 11.12%
• 6M: 11.58%
• 1Y: 25.69%
• 3Y*: 18.24%
• 5Y*: 9.40%
• 10Y*: 11.18%

NTSX

• 1D: -2.87%
• 1M: -0.16%
• YTD: 6.35%
• 6M: 5.67%
• 1Y: 23.01%
• 3Y*: 18.51%
• 5Y*: 9.23%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFNOX vs. NTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FFNOX Fidelity Multi-Asset Index Fund	11.12%	20.18%	13.05%	19.29%	-18.02%	17.05%	16.30%	25.09%	-9.94%
NTSX WisdomTree U.S. Efficient Core Fund	6.35%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	32.03%	-8.72%

Correlation

The correlation between FFNOX and NTSX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018	0.90

The correlation between FFNOX and NTSX has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

FFNOX vs. NTSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFNOX

FFNOX Risk / Return Rank: 65
FFNOX Sharpe Ratio Rank: 65
FFNOX Sortino Ratio Rank: 62
FFNOX Omega Ratio Rank: 62
FFNOX Calmar Ratio Rank: 64
FFNOX Martin Ratio Rank: 70

NTSX

NTSX Risk / Return Rank: 55
NTSX Sharpe Ratio Rank: 55
NTSX Sortino Ratio Rank: 52
NTSX Omega Ratio Rank: 55
NTSX Calmar Ratio Rank: 52
NTSX Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFNOX vs. NTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and WisdomTree U.S. Efficient Core Fund (NTSX). 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	NTSX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.83	+0.46
Sortino ratio: Return per unit of downside risk	3.20	2.46	+0.74
Omega ratio: Gain probability vs. loss probability	1.42	1.33	+0.09
Calmar ratio: Return relative to maximum drawdown	2.98	2.52	+0.45
Martin ratio: Return relative to average drawdown	12.96	11.11	+1.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFNOX vs. NTSX - Sharpe Ratio Comparison

The current FFNOX Sharpe Ratio is 2.29, which is comparable to the NTSX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of FFNOX and NTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFNOX	NTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	1.83	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.54	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.69	-0.25

Drawdowns

FFNOX vs. NTSX - Drawdown Comparison

The maximum FFNOX drawdown since its inception was -49.84%, which is greater than NTSX's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for FFNOX and NTSX.

Drawdown Indicators

	FFNOX	NTSX	Difference
Max Drawdown Largest peak-to-trough decline	-49.84%	-31.34%	-18.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.60%	-9.16%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.10%	-16.82%	+2.72%
Max Drawdown (5Y) Largest decline over 5 years	-26.04%	-31.34%	+5.30%
Max Drawdown (10Y) Largest decline over 10 years	-29.93%	—	—
Current Drawdown Current decline from peak	-0.40%	-3.12%	+2.72%
Average Drawdown Average peak-to-trough decline	-8.70%	-6.79%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.08%	-0.11%

Volatility

FFNOX vs. NTSX - Volatility Comparison

The current volatility for Fidelity Multi-Asset Index Fund (FFNOX) is 3.46%, while WisdomTree U.S. Efficient Core Fund (NTSX) has a volatility of 4.36%. This indicates that FFNOX experiences smaller price fluctuations and is considered to be less risky than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFNOX	NTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	4.36%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	10.04%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	12.67%	-1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	17.08%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	18.29%	-3.72%

FFNOX vs. NTSX - Expense Ratio Comparison

FFNOX has a 0.11% expense ratio, which is lower than NTSX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FFNOX vs. NTSX - Dividend Comparison

FFNOX's dividend yield for the trailing twelve months is around 2.31%, more than NTSX's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFNOX Fidelity Multi-Asset Index Fund	2.31%	3.68%	6.43%	3.18%	7.14%	5.71%	2.87%	2.96%	2.90%	0.64%	2.50%	0.70%
NTSX WisdomTree U.S. Efficient Core Fund	1.10%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFNOX and NTSX in my portfolio?

FFNOX and NTSX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFNOX or NTSX?

NTSX has higher volatility (4.36%) compared to FFNOX (3.46%). In terms of maximum drawdown, FFNOX dropped -49.84% vs NTSX's -31.34%.

Which has better risk-adjusted returns?

FFNOX currently has the higher Sharpe Ratio (2.29 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.