FMILX vs. ACIIX
Compare and contrast key facts about Fidelity New Millennium Fund (FMILX) and American Century Equity Income Fund Class I (ACIIX).
FMILX is managed by Fidelity. It was launched on Dec 28, 1992. ACIIX is managed by American Century. It was launched on Jul 8, 1998.
Performance
FMILX vs. ACIIX - Performance Comparison
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FMILX vs. ACIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | -6.28% | 12.97% | 28.83% | 25.37% | -1.56% | 23.92% | 5.73% | 26.17% | -6.31% | 19.00% |
ACIIX American Century Equity Income Fund Class I | 2.73% | 12.05% | 10.58% | 4.25% | -2.96% | 17.16% | 1.19% | 24.50% | -3.53% | 13.69% |
Returns By Period
In the year-to-date period, FMILX achieves a -6.28% return, which is significantly lower than ACIIX's 2.73% return. Over the past 10 years, FMILX has outperformed ACIIX with an annualized return of 13.47%, while ACIIX has yielded a comparatively lower 8.89% annualized return.
FMILX
- 1D
- -0.77%
- 1M
- -8.21%
- YTD
- -6.28%
- 6M
- -7.44%
- 1Y
- 12.57%
- 3Y*
- 16.97%
- 5Y*
- 12.86%
- 10Y*
- 13.47%
ACIIX
- 1D
- 0.00%
- 1M
- -5.73%
- YTD
- 2.73%
- 6M
- 4.62%
- 1Y
- 9.92%
- 3Y*
- 9.70%
- 5Y*
- 7.47%
- 10Y*
- 8.89%
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FMILX vs. ACIIX - Expense Ratio Comparison
FMILX has a 0.59% expense ratio, which is lower than ACIIX's 0.72% expense ratio.
Return for Risk
FMILX vs. ACIIX — Risk / Return Rank
FMILX
ACIIX
FMILX vs. ACIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and American Century Equity Income Fund Class I (ACIIX). 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.
| FMILX | ACIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.93 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.35 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.11 | -0.30 |
Martin ratioReturn relative to average drawdown | 2.83 | 4.37 | -1.54 |
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
| FMILX | ACIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.93 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.70 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.67 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.53 | +0.08 |
Correlation
The correlation between FMILX and ACIIX is 0.77, 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.
Dividends
FMILX vs. ACIIX - Dividend Comparison
FMILX has not paid dividends to shareholders, while ACIIX's dividend yield for the trailing twelve months is around 10.28%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 0.00% | 0.00% | 3.64% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 7.84% | 6.65% | 11.99% |
ACIIX American Century Equity Income Fund Class I | 10.28% | 10.55% | 11.71% | 8.21% | 8.96% | 7.02% | 2.18% | 7.57% | 9.05% | 12.14% | 8.08% | 10.72% |
Drawdowns
FMILX vs. ACIIX - Drawdown Comparison
The maximum FMILX drawdown since its inception was -58.56%, which is greater than ACIIX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FMILX and ACIIX.
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Drawdown Indicators
| FMILX | ACIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.56% | -39.16% | -19.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -8.96% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -13.49% | -6.99% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -32.76% | -6.16% |
Current DrawdownCurrent decline from peak | -11.86% | -5.73% | -6.13% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -5.26% | -7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.30% | +1.21% |
Volatility
FMILX vs. ACIIX - Volatility Comparison
Fidelity New Millennium Fund (FMILX) has a higher volatility of 4.89% compared to American Century Equity Income Fund Class I (ACIIX) at 2.76%. This indicates that FMILX's price experiences larger fluctuations and is considered to be riskier than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMILX | ACIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.76% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 6.05% | +5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 11.61% | +7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 10.74% | +6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 13.37% | +4.59% |