FMILX vs. FTRNX
Compare and contrast key facts about Fidelity New Millennium Fund (FMILX) and Fidelity Trend Fund (FTRNX).
FMILX is managed by Fidelity. It was launched on Dec 28, 1992. FTRNX is managed by Fidelity. It was launched on Jun 16, 1958.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMILX or FTRNX.
Key characteristics
| FMILX | FTRNX | |
|---|---|---|
| YTD Return | 30.55% | 39.40% |
| 1Y Return | 37.55% | 48.04% |
| 3Y Return (Ann) | 12.10% | 3.85% |
| 5Y Return (Ann) | 11.70% | 13.74% |
| 10Y Return (Ann) | 6.05% | 8.80% |
| Sharpe Ratio | 2.63 | 2.27 |
| Sortino Ratio | 3.42 | 2.93 |
| Omega Ratio | 1.49 | 1.40 |
| Calmar Ratio | 3.71 | 1.90 |
| Martin Ratio | 15.48 | 13.10 |
| Ulcer Index | 2.44% | 3.68% |
| Daily Std Dev | 14.42% | 21.25% |
| Max Drawdown | -56.03% | -55.96% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FMILX and FTRNX is 0.84, 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. FTRNX - Performance Comparison
In the year-to-date period, FMILX achieves a 30.55% return, which is significantly lower than FTRNX's 39.40% return. Over the past 10 years, FMILX has underperformed FTRNX with an annualized return of 6.05%, while FTRNX has yielded a comparatively higher 8.80% 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. FTRNX - Expense Ratio Comparison
FMILX has a 0.59% expense ratio, which is lower than FTRNX's 0.73% expense ratio.
Risk-Adjusted Performance
FMILX vs. FTRNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and Fidelity Trend Fund (FTRNX). 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. FTRNX - Dividend Comparison
FMILX's dividend yield for the trailing twelve months is around 0.23%, more than FTRNX's 0.03% 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% |
FTRNX Fidelity Trend Fund | 0.03% | 0.05% | 0.01% | 0.00% | 0.04% | 0.23% | 0.26% | 0.35% | 0.46% | 2.49% | 3.12% | 14.74% |
Drawdowns
FMILX vs. FTRNX - Drawdown Comparison
The maximum FMILX drawdown since its inception was -56.03%, roughly equal to the maximum FTRNX drawdown of -55.96%. Use the drawdown chart below to compare losses from any high point for FMILX and FTRNX. For additional features, visit the drawdowns tool.
Volatility
FMILX vs. FTRNX - Volatility Comparison
The current volatility for Fidelity New Millennium Fund (FMILX) is 4.13%, while Fidelity Trend Fund (FTRNX) has a volatility of 6.22%. This indicates that FMILX experiences smaller price fluctuations and is considered to be less risky than FTRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.