FMIL vs. NASDX
Compare and contrast key facts about Fidelity New Millennium ETF (FMIL) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020. NASDX is a passively managed fund by Blackrock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMIL or NASDX.
Key characteristics
| FMIL | NASDX | |
|---|---|---|
| YTD Return | 32.29% | 25.82% |
| 1Y Return | 42.53% | 26.96% |
| 3Y Return (Ann) | 17.71% | 5.27% |
| Sharpe Ratio | 3.30 | 1.56 |
| Sortino Ratio | 4.44 | 2.02 |
| Omega Ratio | 1.60 | 1.30 |
| Calmar Ratio | 4.92 | 1.98 |
| Martin Ratio | 23.70 | 7.33 |
| Ulcer Index | 1.86% | 4.07% |
| Daily Std Dev | 13.32% | 19.03% |
| Max Drawdown | -15.87% | -81.69% |
| Current Drawdown | 0.00% | -0.05% |
Correlation
The correlation between FMIL and NASDX is 0.68, 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
FMIL vs. NASDX - Performance Comparison
In the year-to-date period, FMIL achieves a 32.29% return, which is significantly higher than NASDX's 25.82% 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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FMIL vs. NASDX - Expense Ratio Comparison
FMIL has a 0.59% expense ratio, which is lower than NASDX's 0.63% expense ratio.
Risk-Adjusted Performance
FMIL vs. NASDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium ETF (FMIL) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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
FMIL vs. NASDX - Dividend Comparison
FMIL's dividend yield for the trailing twelve months is around 0.59%, more than NASDX's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIL Fidelity New Millennium ETF | 0.59% | 0.23% | 1.43% | 1.68% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 0.38% | 0.45% | 0.50% | 0.15% | 0.37% | 0.47% | 0.94% | 1.35% | 0.75% | 0.86% | 1.02% | 0.72% |
Drawdowns
FMIL vs. NASDX - Drawdown Comparison
The maximum FMIL drawdown since its inception was -15.87%, smaller than the maximum NASDX drawdown of -81.69%. Use the drawdown chart below to compare losses from any high point for FMIL and NASDX. For additional features, visit the drawdowns tool.
Volatility
FMIL vs. NASDX - Volatility Comparison
The current volatility for Fidelity New Millennium ETF (FMIL) is 4.05%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 5.16%. This indicates that FMIL experiences smaller price fluctuations and is considered to be less risky than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.