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.
Performance
FMILX vs. DVY - Performance Comparison
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FMILX vs. DVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | -3.19% | 12.97% | 28.83% | 25.37% | -1.56% | 23.92% | 5.73% | 26.17% | -6.31% | 19.00% |
DVY iShares Select Dividend ETF | 7.83% | 11.60% | 16.24% | 1.12% | 1.80% | 31.70% | -4.91% | 22.62% | -6.36% | 14.82% |
Returns By Period
In the year-to-date period, FMILX achieves a -3.19% return, which is significantly lower than DVY's 7.83% return. Over the past 10 years, FMILX has outperformed DVY with an annualized return of 13.84%, while DVY has yielded a comparatively lower 10.16% annualized return.
FMILX
- 1D
- 3.29%
- 1M
- -5.14%
- YTD
- -3.19%
- 6M
- -4.43%
- 1Y
- 15.45%
- 3Y*
- 18.24%
- 5Y*
- 13.35%
- 10Y*
- 13.84%
DVY
- 1D
- -0.25%
- 1M
- -2.41%
- YTD
- 7.83%
- 6M
- 8.13%
- 1Y
- 16.82%
- 3Y*
- 13.00%
- 5Y*
- 9.51%
- 10Y*
- 10.16%
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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.
Return for Risk
FMILX vs. DVY — Risk / Return Rank
FMILX
DVY
FMILX vs. DVY - Risk-Adjusted Trends 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.
| FMILX | DVY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.07 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.55 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.37 | -0.18 |
Martin ratioReturn relative to average drawdown | 4.05 | 5.88 | -1.83 |
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 | DVY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.07 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.62 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.57 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.47 | +0.14 |
Correlation
The correlation between FMILX and DVY is 0.80, 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. DVY - Dividend Comparison
FMILX has not paid dividends to shareholders, while DVY's dividend yield for the trailing twelve months is around 3.47%.
| 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% |
DVY iShares Select Dividend ETF | 3.47% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
Drawdowns
FMILX vs. DVY - Drawdown Comparison
The maximum FMILX drawdown since its inception was -58.56%, 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.
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Drawdown Indicators
| FMILX | DVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.56% | -62.59% | +4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -12.23% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -17.54% | -2.94% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -41.59% | +2.67% |
Current DrawdownCurrent decline from peak | -8.96% | -3.64% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -8.84% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.85% | +0.69% |
Volatility
FMILX vs. DVY - Volatility Comparison
Fidelity New Millennium Fund (FMILX) has a higher volatility of 6.10% compared to iShares Select Dividend ETF (DVY) at 3.32%. This indicates that FMILX's price experiences larger fluctuations and is considered to be riskier than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMILX | DVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 3.32% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 8.21% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.80% | 15.72% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 15.28% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 18.02% | -0.03% |