FMILX vs. FBCVX
Compare and contrast key facts about Fidelity New Millennium Fund (FMILX) and Fidelity Blue Chip Value Fund (FBCVX).
FMILX is managed by Fidelity. It was launched on Dec 28, 1992. FBCVX is managed by Fidelity. It was launched on Jun 17, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMILX or FBCVX.
Key characteristics
| FMILX | FBCVX | |
|---|---|---|
| YTD Return | 30.48% | 11.76% |
| 1Y Return | 36.08% | 20.33% |
| 3Y Return (Ann) | 12.32% | 7.40% |
| 5Y Return (Ann) | 11.79% | 8.61% |
| 10Y Return (Ann) | 6.06% | 7.61% |
| Sharpe Ratio | 2.52 | 1.84 |
| Sortino Ratio | 3.30 | 2.66 |
| Omega Ratio | 1.47 | 1.32 |
| Calmar Ratio | 3.55 | 3.85 |
| Martin Ratio | 14.79 | 9.49 |
| Ulcer Index | 2.44% | 2.12% |
| Daily Std Dev | 14.33% | 10.94% |
| Max Drawdown | -56.03% | -63.06% |
| Current Drawdown | -0.35% | -0.68% |
Correlation
The correlation between FMILX and FBCVX is 0.89, 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. FBCVX - Performance Comparison
In the year-to-date period, FMILX achieves a 30.48% return, which is significantly higher than FBCVX's 11.76% return. Over the past 10 years, FMILX has underperformed FBCVX with an annualized return of 6.06%, while FBCVX has yielded a comparatively higher 7.61% 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. FBCVX - Expense Ratio Comparison
FMILX has a 0.59% expense ratio, which is lower than FBCVX's 0.63% expense ratio.
Risk-Adjusted Performance
FMILX vs. FBCVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and Fidelity Blue Chip Value Fund (FBCVX). 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. FBCVX - Dividend Comparison
FMILX's dividend yield for the trailing twelve months is around 0.23%, less than FBCVX's 6.49% 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% |
FBCVX Fidelity Blue Chip Value Fund | 6.49% | 1.53% | 1.07% | 1.26% | 1.07% | 1.48% | 1.62% | 1.09% | 1.05% | 1.77% | 1.39% | 0.60% |
Drawdowns
FMILX vs. FBCVX - Drawdown Comparison
The maximum FMILX drawdown since its inception was -56.03%, smaller than the maximum FBCVX drawdown of -63.06%. Use the drawdown chart below to compare losses from any high point for FMILX and FBCVX. For additional features, visit the drawdowns tool.
Volatility
FMILX vs. FBCVX - Volatility Comparison
Fidelity New Millennium Fund (FMILX) has a higher volatility of 4.03% compared to Fidelity Blue Chip Value Fund (FBCVX) at 3.74%. This indicates that FMILX's price experiences larger fluctuations and is considered to be riskier than FBCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.