FIDAX vs. WFSPX
FIDAX (John Hancock Financial Industries Fund) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - FIDAX is a Financials Equities fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FIDAX returned 9.79%/yr vs 15.54%/yr for WFSPX. Their correlation of 0.81 suggests significant overlap in exposure. FIDAX charges 1.24%/yr vs 0.03%/yr for WFSPX.
Performance
FIDAX vs. WFSPX - Performance Comparison
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Returns By Period
In the year-to-date period, FIDAX achieves a -2.42% return, which is significantly lower than WFSPX's 11.69% return. Over the past 10 years, FIDAX has underperformed WFSPX with an annualized return of 9.79%, while WFSPX has yielded a comparatively higher 15.54% annualized return.
FIDAX
- 1D
- 0.15%
- 1M
- -0.60%
- YTD
- -2.42%
- 6M
- 1.94%
- 1Y
- 5.37%
- 3Y*
- 17.93%
- 5Y*
- 6.06%
- 10Y*
- 9.79%
WFSPX
- 1D
- 0.13%
- 1M
- 5.80%
- YTD
- 11.69%
- 6M
- 11.72%
- 1Y
- 28.93%
- 3Y*
- 22.71%
- 5Y*
- 14.24%
- 10Y*
- 15.54%
FIDAX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIDAX John Hancock Financial Industries Fund | -2.42% | 12.05% | 30.09% | 5.01% | -14.17% | 28.80% | 1.58% | 31.21% | -15.30% | 11.00% |
WFSPX iShares S&P 500 Index Fund | 11.69% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between FIDAX and WFSPX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 1996 | 0.81 |
The correlation between FIDAX and WFSPX shifts across timeframes, from 0.65 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FIDAX vs. WFSPX — Risk / Return Rank
FIDAX
WFSPX
FIDAX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Financial Industries Fund (FIDAX) and iShares S&P 500 Index Fund (WFSPX). 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.
| FIDAX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.46 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 3.35 | -2.94 |
| Martin ratioReturn relative to average drawdown | 1.14 | 15.65 | -14.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIDAX | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 2.52 | -2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.85 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.87 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.13 | +0.18 |
Drawdowns
FIDAX vs. WFSPX - Drawdown Comparison
The maximum FIDAX drawdown since its inception was -70.42%, which is greater than WFSPX's maximum drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for FIDAX and WFSPX.
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Drawdown Indicators
| FIDAX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.42% | -58.21% | -12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.82% | -8.90% | -4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -18.74% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -30.89% | -24.51% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -33.74% | -8.35% |
Current DrawdownCurrent decline from peak | -5.74% | 0.00% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -14.07% | -12.77% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 1.90% | +3.00% |
Volatility
FIDAX vs. WFSPX - Volatility Comparison
John Hancock Financial Industries Fund (FIDAX) has a higher volatility of 3.31% compared to iShares S&P 500 Index Fund (WFSPX) at 2.82%. This indicates that FIDAX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIDAX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 2.82% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 8.97% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 11.85% | +4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.68% | 16.88% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 18.02% | +3.96% |
FIDAX vs. WFSPX - Expense Ratio Comparison
FIDAX has a 1.24% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
FIDAX vs. WFSPX - Dividend Comparison
FIDAX's dividend yield for the trailing twelve months is around 49.38%, more than WFSPX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDAX John Hancock Financial Industries Fund | 49.38% | 48.19% | 10.24% | 1.91% | 11.22% | 23.08% | 5.41% | 7.56% | 7.72% | 6.10% | 6.01% | 0.93% |
WFSPX iShares S&P 500 Index Fund | 1.56% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
FIDAX and WFSPX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIDAX has higher volatility (3.31%) compared to WFSPX (2.82%). In terms of maximum drawdown, FIDAX dropped -70.42% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (2.52 vs 0.35), 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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