FMILX vs. DVY
Compare and contrast key facts about Fidelity New Millennium Fund (FMILX) and iShares Select Dividend ETF (DVY).
FMILX is managed by Fidelity. It was launched on Dec 28, 1992. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMILX or DVY.
Key characteristics
| FMILX | DVY | |
|---|---|---|
| YTD Return | 30.94% | 21.97% |
| 1Y Return | 36.65% | 35.54% |
| 3Y Return (Ann) | 12.47% | 8.74% |
| 5Y Return (Ann) | 11.86% | 10.15% |
| 10Y Return (Ann) | 6.10% | 9.79% |
| Sharpe Ratio | 2.70 | 2.82 |
| Sortino Ratio | 3.50 | 3.93 |
| Omega Ratio | 1.51 | 1.50 |
| Calmar Ratio | 3.81 | 2.40 |
| Martin Ratio | 15.88 | 17.35 |
| Ulcer Index | 2.44% | 2.10% |
| Daily Std Dev | 14.35% | 12.91% |
| Max Drawdown | -56.03% | -62.59% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FMILX and DVY is 0.82, 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
FMILX vs. DVY - Performance Comparison
In the year-to-date period, FMILX achieves a 30.94% return, which is significantly higher than DVY's 21.97% return. Over the past 10 years, FMILX has underperformed DVY with an annualized return of 6.10%, while DVY has yielded a comparatively higher 9.79% annualized 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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FMILX vs. DVY - Expense Ratio Comparison
FMILX has a 0.59% expense ratio, which is higher than DVY's 0.39% expense ratio.
Risk-Adjusted Performance
FMILX vs. DVY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and iShares Select Dividend ETF (DVY). 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
FMILX vs. DVY - Dividend Comparison
FMILX's dividend yield for the trailing twelve months is around 0.23%, less than DVY's 3.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 0.23% | 0.30% | 1.63% | 2.04% | 1.59% | 0.97% | 1.25% | 0.90% | 1.18% | 1.03% | 9.39% | 5.63% |
DVY iShares Select Dividend ETF | 3.36% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% | 3.03% | 3.06% |
Drawdowns
FMILX vs. DVY - Drawdown Comparison
The maximum FMILX drawdown since its inception was -56.03%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for FMILX and DVY. For additional features, visit the drawdowns tool.
Volatility
FMILX vs. DVY - Volatility Comparison
Fidelity New Millennium Fund (FMILX) and iShares Select Dividend ETF (DVY) have volatilities of 4.04% and 4.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.