FNCMX vs. CHASX
FNCMX (Fidelity NASDAQ Composite Index Fund) and CHASX (Chase Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, FNCMX returned 18.21%/yr vs 19.53%/yr for CHASX. Their correlation of 0.87 means they have usually moved in the same direction. FNCMX charges 0.29%/yr vs 1.14%/yr for CHASX.
Performance
FNCMX vs. CHASX - Performance Comparison
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Returns By Period
In the year-to-date period, FNCMX achieves a 9.51% return, which is significantly lower than CHASX's 22.03% return. Over the past 10 years, FNCMX has underperformed CHASX with an annualized return of 18.21%, while CHASX has yielded a comparatively higher 19.53% annualized return.
FNCMX
- 1D
- 1.01%
- 1M
- -1.78%
- 6M
- 7.87%
- YTD
- 9.51%
- 1Y
- 23.59%
- 3Y*
- 22.03%
- 5Y*
- 12.51%
- 10Y*
- 18.21%
- ALL TIME*
- 11.98%
CHASX
- 1D
- -0.36%
- 1M
- -1.13%
- 6M
- 17.35%
- YTD
- 22.03%
- 1Y
- 37.02%
- 3Y*
- 37.76%
- 5Y*
- 20.74%
- 10Y*
- 19.53%
- ALL TIME*
- 11.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CHASX Chase Growth Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FNCMX vs. CHASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | 9.51% | 21.11% | 29.48% | 45.13% | -32.40% | 22.21% | 44.57% | 36.63% | -3.07% | 28.35% |
CHASX Chase Growth Fund | 22.03% | 20.61% | 64.71% | 25.91% | -20.41% | 22.32% | 18.27% | 42.63% | -3.96% | 24.49% |
Correlation
The correlation between FNCMX and CHASX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2003 | 0.87 |
The correlation between FNCMX and CHASX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
FNCMX vs. CHASX — Risk / Return Rank
FNCMX
CHASX
FNCMX vs. CHASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Fund (FNCMX) and Chase Growth Fund (CHASX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNCMX | CHASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.31 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.53 | -1.93 |
| Martin ratioReturn relative to average drawdown | 5.37 | 13.91 | -8.54 |
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Drawdowns
FNCMX vs. CHASX - Drawdown Comparison
The maximum FNCMX drawdown since its inception was -55.08%, which is greater than CHASX's maximum drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for FNCMX and CHASX.
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Drawdown Indicators
| FNCMX | CHASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.08% | -45.94% | -9.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -9.90% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -24.20% | -23.40% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -35.64% | -24.63% | -11.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.64% | -30.40% | -5.24% |
Current DrawdownCurrent decline from peak | -6.26% | -4.08% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -9.11% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.51% | +1.38% |
Volatility
FNCMX vs. CHASX - Volatility Comparison
The current volatility for Fidelity NASDAQ Composite Index Fund (FNCMX) is 5.74%, while Chase Growth Fund (CHASX) has a volatility of 6.26%. This indicates that FNCMX experiences smaller price fluctuations and is considered to be less risky than CHASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNCMX | CHASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 6.26% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.71% | 15.31% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 19.29% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.78% | 20.52% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.15% | 20.04% | +2.11% |
FNCMX vs. CHASX - Expense Ratio Comparison
FNCMX has a 0.29% expense ratio, which is lower than CHASX's 1.14% expense ratio.
Dividends
FNCMX vs. CHASX - Dividend Comparison
FNCMX's dividend yield for the trailing twelve months is around 0.47%, less than CHASX's 7.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHASX Chase Growth Fund | 7.47% | 9.12% | 36.67% | 5.80% | 5.49% | 20.15% | 7.83% | 22.82% | 12.92% | 11.92% | 9.14% | 10.24% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.47% | 0.51% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.03% | 1.01% | 1.50% |
Frequently Asked Questions
FNCMX and CHASX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHASX has higher volatility (6.26%) compared to FNCMX (5.74%). In terms of maximum drawdown, FNCMX dropped -55.08% vs CHASX's -45.94%.
CHASX currently has the higher Sharpe Ratio (1.81 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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