Correlation
The correlation between FFNOX and VOO is 0.96, 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.
FFNOX vs. VOO
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and Vanguard S&P 500 ETF (VOO).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFNOX or VOO.
Performance
FFNOX vs. VOO - Performance Comparison
Loading data...
Key characteristics
FFNOX:
0.83
VOO:
0.74
FFNOX:
1.14
VOO:
1.04
FFNOX:
1.16
VOO:
1.15
FFNOX:
0.79
VOO:
0.68
FFNOX:
3.51
VOO:
2.58
FFNOX:
3.18%
VOO:
4.93%
FFNOX:
15.00%
VOO:
19.54%
FFNOX:
-49.77%
VOO:
-33.99%
FFNOX:
-0.38%
VOO:
-3.55%
Returns By Period
In the year-to-date period, FFNOX achieves a 5.39% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, FFNOX has underperformed VOO with an annualized return of 8.86%, while VOO has yielded a comparatively higher 12.81% annualized return.
FFNOX
5.39%
4.66%
2.35%
12.41%
10.96%
11.44%
8.86%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FFNOX vs. VOO - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is higher than VOO's 0.03% 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. VOO — Risk-Adjusted Performance Rank
FFNOX
VOO
FFNOX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and Vanguard S&P 500 ETF (VOO). 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.
Loading data...
Dividends
FFNOX vs. VOO - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 6.22%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 6.22% | 6.43% | 4.98% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 2.49% | 2.50% | 2.78% | 2.46% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FFNOX vs. VOO - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -49.77%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFNOX and VOO.
Loading data...
Volatility
FFNOX vs. VOO - Volatility Comparison
The current volatility for Fidelity Multi-Asset Index Fund (FFNOX) is 3.26%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that FFNOX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...