FMILX vs. VOO
Compare and contrast key facts about Fidelity New Millennium Fund (FMILX) and Vanguard S&P 500 ETF (VOO).
FMILX is managed by Fidelity. It was launched on Dec 28, 1992. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMILX or VOO.
Correlation
The correlation between FMILX and VOO is 0.91, 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. VOO - Performance Comparison
Key characteristics
FMILX:
1.24
VOO:
1.76
FMILX:
1.68
VOO:
2.37
FMILX:
1.23
VOO:
1.32
FMILX:
1.85
VOO:
2.66
FMILX:
6.38
VOO:
11.10
FMILX:
2.95%
VOO:
2.02%
FMILX:
15.18%
VOO:
12.79%
FMILX:
-56.03%
VOO:
-33.99%
FMILX:
-5.78%
VOO:
-2.11%
Returns By Period
In the year-to-date period, FMILX achieves a 1.65% return, which is significantly lower than VOO's 2.40% return. Over the past 10 years, FMILX has underperformed VOO with an annualized return of 5.40%, while VOO has yielded a comparatively higher 13.03% annualized return.
FMILX
1.65%
-3.19%
4.25%
16.05%
10.91%
5.40%
VOO
2.40%
-1.05%
7.47%
19.81%
14.27%
13.03%
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FMILX vs. VOO - Expense Ratio Comparison
FMILX has a 0.59% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FMILX vs. VOO — Risk-Adjusted Performance Rank
FMILX
VOO
FMILX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FMILX's dividend yield for the trailing twelve months is around 0.20%, less than VOO's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 0.20% | 0.20% | 0.30% | 1.63% | 2.04% | 1.59% | 0.97% | 1.25% | 0.90% | 1.18% | 1.03% | 9.39% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FMILX vs. VOO - Drawdown Comparison
The maximum FMILX drawdown since its inception was -56.03%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FMILX and VOO. For additional features, visit the drawdowns tool.
Volatility
FMILX vs. VOO - Volatility Comparison
Fidelity New Millennium Fund (FMILX) has a higher volatility of 4.79% compared to Vanguard S&P 500 ETF (VOO) at 3.38%. This indicates that FMILX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.