FHSNX vs. CONWX
FHSNX (Fidelity Health Savings Index Fund) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 5 years, FHSNX returned 3.50%/yr vs 6.58%/yr for CONWX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. FHSNX charges 0.20%/yr vs 1.41%/yr for CONWX.
Performance
FHSNX vs. CONWX - Performance Comparison
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Returns By Period
In the year-to-date period, FHSNX achieves a 5.21% return, which is significantly lower than CONWX's 7.66% return.
FHSNX
- 1D
- 0.80%
- 1M
- -0.24%
- 6M
- 3.22%
- YTD
- 5.21%
- 1Y
- 11.02%
- 3Y*
- 9.13%
- 5Y*
- 3.50%
- 10Y*
- —
- ALL TIME*
- 6.38%
CONWX
- 1D
- 0.19%
- 1M
- 0.73%
- 6M
- 3.04%
- YTD
- 7.66%
- 1Y
- 16.33%
- 3Y*
- 11.21%
- 5Y*
- 6.58%
- 10Y*
- 8.13%
- ALL TIME*
- 8.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHSNX vs. CONWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FHSNX Fidelity Health Savings Index Fund | 5.21% | 12.26% | 7.18% | 9.32% | -15.16% | 5.16% | 20.21% |
CONWX Concorde Wealth Management Fund | 7.66% | 11.95% | 13.58% | 0.20% | -2.51% | 19.73% | 23.50% |
Correlation
The correlation between FHSNX and CONWX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2020 | 0.60 |
Over the past year, the correlation between FHSNX and CONWX has dropped to 0.36 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
FHSNX vs. CONWX — Risk / Return Rank
FHSNX
CONWX
FHSNX vs. CONWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Health Savings Index Fund (FHSNX) and Concorde Wealth Management Fund (CONWX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHSNX | CONWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.43 | -1.01 |
| Martin ratioReturn relative to average drawdown | 9.95 | 8.32 | +1.62 |
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Drawdowns
FHSNX vs. CONWX - Drawdown Comparison
The maximum FHSNX drawdown since its inception was -19.53%, smaller than the maximum CONWX drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for FHSNX and CONWX.
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Drawdown Indicators
| FHSNX | CONWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.53% | -26.09% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -4.44% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -9.86% | +4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -19.53% | -12.49% | -7.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.09% | — |
Current DrawdownCurrent decline from peak | -1.14% | -2.50% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -2.79% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.83% | -0.76% |
Volatility
FHSNX vs. CONWX - Volatility Comparison
Fidelity Health Savings Index Fund (FHSNX) and Concorde Wealth Management Fund (CONWX) have volatilities of 1.83% and 1.88%, 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.
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Volatility by Period
| FHSNX | CONWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.88% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 5.07% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 7.07% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 10.15% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 10.99% | -3.66% |
FHSNX vs. CONWX - Expense Ratio Comparison
FHSNX has a 0.20% expense ratio, which is lower than CONWX's 1.41% expense ratio.
Dividends
FHSNX vs. CONWX - Dividend Comparison
FHSNX's dividend yield for the trailing twelve months is around 2.93%, less than CONWX's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 3.43% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% |
FHSNX Fidelity Health Savings Index Fund | 2.72% | 2.93% | 3.06% | 3.01% | 3.71% | 2.57% | 1.62% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHSNX and CONWX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONWX has higher volatility (1.88%) compared to FHSNX (1.83%). In terms of maximum drawdown, FHSNX dropped -19.53% vs CONWX's -26.09%.
CONWX currently has the higher Sharpe Ratio (2.15 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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