FMILX vs. SCHD
Compare and contrast key facts about Fidelity New Millennium Fund (FMILX) and Schwab US Dividend Equity ETF (SCHD).
FMILX is managed by Fidelity. It was launched on Dec 28, 1992. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMILX or SCHD.
Key characteristics
| FMILX | SCHD | |
|---|---|---|
| YTD Return | 20.87% | 11.52% |
| 1Y Return | 29.05% | 16.42% |
| 3Y Return (Ann) | 15.63% | 6.90% |
| 5Y Return (Ann) | 15.68% | 12.29% |
| 10Y Return (Ann) | 10.94% | 11.41% |
| Sharpe Ratio | 2.10 | 1.49 |
| Daily Std Dev | 14.32% | 11.86% |
| Max Drawdown | -56.03% | -33.37% |
| Current Drawdown | -1.92% | -1.38% |
Correlation
The correlation between FMILX and SCHD is 0.85, 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. SCHD - Performance Comparison
In the year-to-date period, FMILX achieves a 20.87% return, which is significantly higher than SCHD's 11.52% return. Both investments have delivered pretty close results over the past 10 years, with FMILX having a 10.94% annualized return and SCHD not far ahead at 11.41%. 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. SCHD - Expense Ratio Comparison
FMILX has a 0.59% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
FMILX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
FMILX's dividend yield for the trailing twelve months is around 3.21%, less than SCHD's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 3.21% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 8.73% | 6.65% | 1.03% | 9.39% | 5.63% |
SCHD Schwab US Dividend Equity ETF | 3.40% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FMILX vs. SCHD - Drawdown Comparison
The maximum FMILX drawdown since its inception was -56.03%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FMILX and SCHD. For additional features, visit the drawdowns tool.
Volatility
FMILX vs. SCHD - Volatility Comparison
Fidelity New Millennium Fund (FMILX) has a higher volatility of 4.94% compared to Schwab US Dividend Equity ETF (SCHD) at 3.16%. This indicates that FMILX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.