FJACX vs. IWMI
Compare and contrast key facts about Fidelity Series Small Cap Discovery Fund (FJACX) and NEOS Russell 2000 High Income ETF (IWMI).
FJACX is managed by Fidelity. It was launched on Nov 7, 2013. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FJACX or IWMI.
Correlation
The correlation between FJACX and IWMI is 0.89, 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.
Performance
FJACX vs. IWMI - Performance Comparison
Key characteristics
FJACX:
19.13%
IWMI:
16.79%
FJACX:
-48.98%
IWMI:
-8.88%
FJACX:
-24.04%
IWMI:
-5.40%
Returns By Period
In the year-to-date period, FJACX achieves a 4.69% return, which is significantly higher than IWMI's 1.99% return.
FJACX
4.69%
5.07%
-1.69%
-0.01%
0.32%
2.36%
IWMI
1.99%
2.58%
3.40%
N/A
N/A
N/A
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FJACX vs. IWMI - Expense Ratio Comparison
FJACX has a 0.00% expense ratio, which is lower than IWMI's 0.68% expense ratio.
Risk-Adjusted Performance
FJACX vs. IWMI — Risk-Adjusted Performance Rank
FJACX
IWMI
FJACX vs. IWMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Small Cap Discovery Fund (FJACX) and NEOS Russell 2000 High Income ETF (IWMI). 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.
Not enough dataDividends
FJACX vs. IWMI - Dividend Comparison
FJACX's dividend yield for the trailing twelve months is around 1.08%, less than IWMI's 8.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJACX Fidelity Series Small Cap Discovery Fund | 1.08% | 1.13% | 1.10% | 1.47% | 0.98% | 0.98% | 1.37% | 1.97% | 1.15% | 0.45% | 5.89% | 0.19% |
IWMI NEOS Russell 2000 High Income ETF | 8.60% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FJACX vs. IWMI - Drawdown Comparison
The maximum FJACX drawdown since its inception was -48.98%, which is greater than IWMI's maximum drawdown of -8.88%. Use the drawdown chart below to compare losses from any high point for FJACX and IWMI. For additional features, visit the drawdowns tool.
Volatility
FJACX vs. IWMI - Volatility Comparison
The current volatility for Fidelity Series Small Cap Discovery Fund (FJACX) is 5.41%, while NEOS Russell 2000 High Income ETF (IWMI) has a volatility of 5.90%. This indicates that FJACX experiences smaller price fluctuations and is considered to be less risky than IWMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.