FGT.L vs. FFNOX
Compare and contrast key facts about Finsbury Growth & Income Trust (FGT.L) and Fidelity Multi-Asset Index Fund (FFNOX).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGT.L or FFNOX.
Key characteristics
| FGT.L | FFNOX | |
|---|---|---|
| YTD Return | 2.34% | 13.18% |
| 1Y Return | 8.01% | 24.08% |
| 3Y Return (Ann) | 0.32% | 3.93% |
| 5Y Return (Ann) | 1.49% | 9.79% |
| 10Y Return (Ann) | 7.17% | 9.01% |
| Sharpe Ratio | 0.71 | 2.24 |
| Sortino Ratio | 1.10 | 3.05 |
| Omega Ratio | 1.13 | 1.42 |
| Calmar Ratio | 0.70 | 2.42 |
| Martin Ratio | 3.76 | 12.78 |
| Ulcer Index | 2.20% | 1.88% |
| Daily Std Dev | 11.56% | 10.74% |
| Max Drawdown | -53.70% | -48.68% |
| Current Drawdown | -3.44% | -0.97% |
Correlation
The correlation between FGT.L and FFNOX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FGT.L vs. FFNOX - Performance Comparison
In the year-to-date period, FGT.L achieves a 2.34% return, which is significantly lower than FFNOX's 13.18% return. Over the past 10 years, FGT.L has underperformed FFNOX with an annualized return of 7.17%, while FFNOX has yielded a comparatively higher 9.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FGT.L vs. FFNOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Finsbury Growth & Income Trust (FGT.L) and Fidelity Multi-Asset Index Fund (FFNOX). 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
FGT.L vs. FFNOX - Dividend Comparison
FGT.L's dividend yield for the trailing twelve months is around 2.29%, more than FFNOX's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGT.L Finsbury Growth & Income Trust | 2.29% | 2.22% | 2.15% | 1.86% | 1.90% | 1.84% | 2.03% | 1.83% | 2.01% | 1.13% | 0.02% | 2.03% |
FFNOX Fidelity Multi-Asset Index Fund | 1.85% | 3.83% | 2.04% | 1.87% | 1.59% | 2.25% | 2.25% | 1.86% | 2.09% | 2.50% | 4.56% | 3.75% |
Drawdowns
FGT.L vs. FFNOX - Drawdown Comparison
The maximum FGT.L drawdown since its inception was -53.70%, which is greater than FFNOX's maximum drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for FGT.L and FFNOX. For additional features, visit the drawdowns tool.
Volatility
FGT.L vs. FFNOX - Volatility Comparison
Finsbury Growth & Income Trust (FGT.L) has a higher volatility of 5.21% compared to Fidelity Multi-Asset Index Fund (FFNOX) at 2.88%. This indicates that FGT.L's price experiences larger fluctuations and is considered to be riskier than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.