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.
Correlation
The correlation between FMIL and NASDX is 0.87, 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
FMIL vs. NASDX - Performance Comparison
Key characteristics
FMIL:
0.35
NASDX:
0.46
FMIL:
0.63
NASDX:
0.81
FMIL:
1.09
NASDX:
1.11
FMIL:
0.36
NASDX:
0.51
FMIL:
1.40
NASDX:
1.75
FMIL:
5.02%
NASDX:
6.66%
FMIL:
19.85%
NASDX:
25.40%
FMIL:
-19.72%
NASDX:
-81.69%
FMIL:
-11.92%
NASDX:
-12.29%
Returns By Period
The year-to-date returns for both stocks are quite close, with FMIL having a -7.16% return and NASDX slightly lower at -7.45%.
FMIL
-7.16%
-4.47%
-7.63%
6.09%
N/A
N/A
NASDX
-7.45%
-2.41%
-4.32%
11.90%
17.75%
16.18%
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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 Rank
FMIL
NASDX
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 1.02%, less than NASDX's 9.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIL Fidelity New Millennium ETF | 1.02% | 0.82% | 0.33% | 1.43% | 1.68% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 9.32% | 8.65% | 7.53% | 3.75% | 2.40% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% | 1.02% |
Drawdowns
FMIL vs. NASDX - Drawdown Comparison
The maximum FMIL drawdown since its inception was -19.72%, 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 14.00%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 16.83%. 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.