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.
Correlation
The correlation between FFNOX and VOO is 0.95, 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. VOO - Performance Comparison
Key characteristics
FFNOX:
1.07
VOO:
2.04
FFNOX:
1.46
VOO:
2.72
FFNOX:
1.20
VOO:
1.38
FFNOX:
0.99
VOO:
3.02
FFNOX:
5.75
VOO:
13.60
FFNOX:
2.01%
VOO:
1.88%
FFNOX:
10.85%
VOO:
12.52%
FFNOX:
-48.68%
VOO:
-33.99%
FFNOX:
-3.88%
VOO:
-3.52%
Returns By Period
In the year-to-date period, FFNOX achieves a 11.25% return, which is significantly lower than VOO's 24.65% return. Over the past 10 years, FFNOX has underperformed VOO with an annualized return of 7.34%, while VOO has yielded a comparatively higher 13.02% annualized return.
FFNOX
11.25%
-0.67%
4.11%
10.77%
6.30%
7.34%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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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 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.
Dividends
FFNOX vs. VOO - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 1.88%, more than VOO's 1.26% 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% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FFNOX vs. VOO - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -48.68%, 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. For additional features, visit the drawdowns tool.
Volatility
FFNOX vs. VOO - Volatility Comparison
The current volatility for Fidelity Multi-Asset Index Fund (FFNOX) is 3.11%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.58%. 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.