FFNOX vs. VWELX
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and Vanguard Wellington Fund Investor Shares (VWELX).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. VWELX is managed by Vanguard. It was launched on Jul 1, 1929.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFNOX or VWELX.
Performance
FFNOX vs. VWELX - Performance Comparison
Returns By Period
In the year-to-date period, FFNOX achieves a 11.43% return, which is significantly lower than VWELX's 14.43% return. Both investments have delivered pretty close results over the past 10 years, with FFNOX having a 8.79% annualized return and VWELX not far behind at 8.43%.
FFNOX
11.43%
-1.69%
5.14%
19.39%
9.30%
8.79%
VWELX
14.43%
-0.09%
6.87%
20.28%
8.58%
8.43%
Key characteristics
| FFNOX | VWELX | |
|---|---|---|
| Sharpe Ratio | 1.83 | 2.50 |
| Sortino Ratio | 2.49 | 3.46 |
| Omega Ratio | 1.34 | 1.47 |
| Calmar Ratio | 2.47 | 2.93 |
| Martin Ratio | 10.20 | 17.19 |
| Ulcer Index | 1.89% | 1.21% |
| Daily Std Dev | 10.56% | 8.34% |
| Max Drawdown | -48.68% | -36.12% |
| Current Drawdown | -2.49% | -1.71% |
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FFNOX vs. VWELX - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is lower than VWELX's 0.24% 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%.
Correlation
The correlation between FFNOX and VWELX is 0.92, 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. VWELX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and Vanguard Wellington Fund Investor Shares (VWELX). 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. VWELX - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 1.87%, less than VWELX's 5.45% 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% | 1.87% | 1.59% | 2.25% | 2.25% | 1.86% | 2.09% | 2.50% | 4.56% | 3.75% |
VWELX Vanguard Wellington Fund Investor Shares | 5.45% | 6.01% | 2.25% | 1.71% | 2.07% | 2.53% | 3.00% | 2.45% | 2.56% | 3.25% | 2.55% | 2.50% |
Drawdowns
FFNOX vs. VWELX - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -48.68%, which is greater than VWELX's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for FFNOX and VWELX. For additional features, visit the drawdowns tool.
Volatility
FFNOX vs. VWELX - Volatility Comparison
Fidelity Multi-Asset Index Fund (FFNOX) and Vanguard Wellington Fund Investor Shares (VWELX) have volatilities of 2.87% and 2.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.