FHOFX vs. TSM
Compare and contrast key facts about Fidelity Series Large Cap Growth Index Fund (FHOFX) and Taiwan Semiconductor Manufacturing Company Limited (TSM).
FHOFX is managed by Fidelity. It was launched on Aug 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHOFX or TSM.
Key characteristics
| FHOFX | TSM | |
|---|---|---|
| YTD Return | 23.70% | 62.60% |
| 1Y Return | 38.19% | 92.69% |
| 3Y Return (Ann) | 10.98% | 14.56% |
| 5Y Return (Ann) | 19.46% | 33.47% |
| Sharpe Ratio | 2.11 | 2.45 |
| Daily Std Dev | 17.24% | 37.25% |
| Max Drawdown | -32.62% | -84.63% |
| Current Drawdown | -2.39% | -12.12% |
Correlation
The correlation between FHOFX and TSM is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FHOFX vs. TSM - Performance Comparison
In the year-to-date period, FHOFX achieves a 23.70% return, which is significantly lower than TSM's 62.60% 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
FHOFX vs. TSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Growth Index Fund (FHOFX) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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
FHOFX vs. TSM - Dividend Comparison
FHOFX's dividend yield for the trailing twelve months is around 0.66%, less than TSM's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.66% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 1.31% | 1.78% | 2.48% | 1.56% | 1.58% | 3.49% | 3.55% | 2.32% | 2.61% | 2.54% | 1.79% | 2.30% |
Drawdowns
FHOFX vs. TSM - Drawdown Comparison
The maximum FHOFX drawdown since its inception was -32.62%, smaller than the maximum TSM drawdown of -84.63%. Use the drawdown chart below to compare losses from any high point for FHOFX and TSM. For additional features, visit the drawdowns tool.
Volatility
FHOFX vs. TSM - Volatility Comparison
The current volatility for Fidelity Series Large Cap Growth Index Fund (FHOFX) is 6.14%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 11.76%. This indicates that FHOFX experiences smaller price fluctuations and is considered to be less risky than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.