FNCMX vs. FXA
Compare and contrast key facts about Fidelity NASDAQ Composite Index Fund (FNCMX) and Invesco CurrencyShares Australian Dollar Trust (FXA).
FNCMX is managed by Fidelity. FXA is a passively managed fund by Invesco that tracks the performance of the USD/AUD Exchange Rate. It was launched on Jun 21, 2006.
Performance
FNCMX vs. FXA - Performance Comparison
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FNCMX vs. FXA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | -6.99% | 21.11% | 29.48% | 45.13% | -32.40% | 22.21% | 44.57% | 36.63% | -3.07% | 28.35% |
FXA Invesco CurrencyShares Australian Dollar Trust | 3.95% | 9.10% | -7.75% | 1.20% | -6.46% | -6.17% | 9.52% | 0.13% | -8.84% | 9.05% |
Returns By Period
In the year-to-date period, FNCMX achieves a -6.99% return, which is significantly lower than FXA's 3.95% return. Over the past 10 years, FNCMX has outperformed FXA with an annualized return of 16.86%, while FXA has yielded a comparatively lower -0.43% annualized return.
FNCMX
- 1D
- 3.83%
- 1M
- -5.04%
- YTD
- -6.99%
- 6M
- -4.89%
- 1Y
- 24.46%
- 3Y*
- 21.83%
- 5Y*
- 10.80%
- 10Y*
- 16.86%
FXA
- 1D
- 0.25%
- 1M
- -2.32%
- YTD
- 3.95%
- 6M
- 5.16%
- 1Y
- 11.43%
- 3Y*
- 2.47%
- 5Y*
- -1.19%
- 10Y*
- -0.43%
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FNCMX vs. FXA - Expense Ratio Comparison
FNCMX has a 0.29% expense ratio, which is lower than FXA's 0.40% expense ratio.
Return for Risk
FNCMX vs. FXA — Risk / Return Rank
FNCMX
FXA
FNCMX vs. FXA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Fund (FNCMX) and Invesco CurrencyShares Australian Dollar Trust (FXA). 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.
| FNCMX | FXA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.15 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.60 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.15 | -0.23 |
Martin ratioReturn relative to average drawdown | 7.03 | 7.81 | -0.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNCMX | FXA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.15 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | -0.11 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | -0.04 | +0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.13 | +0.40 |
Correlation
The correlation between FNCMX and FXA is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FNCMX vs. FXA - Dividend Comparison
FNCMX's dividend yield for the trailing twelve months is around 0.55%, less than FXA's 0.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | 0.55% | 0.51% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.03% | 1.01% | 1.50% |
FXA Invesco CurrencyShares Australian Dollar Trust | 0.93% | 1.16% | 1.66% | 0.98% | 0.05% | 0.00% | 0.03% | 0.53% | 1.04% | 0.83% | 1.01% | 1.52% |
Drawdowns
FNCMX vs. FXA - Drawdown Comparison
The maximum FNCMX drawdown since its inception was -55.08%, which is greater than FXA's maximum drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for FNCMX and FXA.
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Drawdown Indicators
| FNCMX | FXA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.08% | -40.97% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.25% | -5.55% | -7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -35.64% | -21.99% | -13.65% |
Max Drawdown (10Y)Largest decline over 10 years | -35.64% | -27.99% | -7.65% |
Current DrawdownCurrent decline from peak | -9.68% | -26.78% | +17.10% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -18.77% | +10.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 1.52% | +2.09% |
Volatility
FNCMX vs. FXA - Volatility Comparison
Fidelity NASDAQ Composite Index Fund (FNCMX) has a higher volatility of 6.98% compared to Invesco CurrencyShares Australian Dollar Trust (FXA) at 3.40%. This indicates that FNCMX's price experiences larger fluctuations and is considered to be riskier than FXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNCMX | FXA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 3.40% | +3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 5.93% | +7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.31% | 9.98% | +13.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.47% | 10.46% | +12.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.01% | 10.00% | +12.01% |