FNCMX vs. FXAIX
Compare and contrast key facts about Fidelity NASDAQ Composite Index Fund (FNCMX) and Fidelity 500 Index Fund (FXAIX).
FNCMX is managed by Fidelity. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNCMX or FXAIX.
Key characteristics
| FNCMX | FXAIX | |
|---|---|---|
| YTD Return | 7.83% | 7.98% |
| 1Y Return | 36.45% | 28.23% |
| 3Y Return (Ann) | 6.87% | 8.87% |
| 5Y Return (Ann) | 15.64% | 13.61% |
| 10Y Return (Ann) | 15.78% | 12.78% |
| Sharpe Ratio | 2.21 | 2.33 |
| Daily Std Dev | 16.17% | 11.70% |
| Max Drawdown | -55.08% | -33.79% |
| Current Drawdown | -1.73% | -2.32% |
Correlation
The correlation between FNCMX and FXAIX is 0.92, 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
FNCMX vs. FXAIX - Performance Comparison
The year-to-date returns for both investments are quite close, with FNCMX having a 7.83% return and FXAIX slightly higher at 7.98%. Over the past 10 years, FNCMX has outperformed FXAIX with an annualized return of 15.78%, while FXAIX has yielded a comparatively lower 12.78% 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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FNCMX vs. FXAIX - Expense Ratio Comparison
FNCMX has a 0.29% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FNCMX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Fund (FNCMX) and Fidelity 500 Index Fund (FXAIX). 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
FNCMX vs. FXAIX - Dividend Comparison
FNCMX's dividend yield for the trailing twelve months is around 0.62%, less than FXAIX's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | 0.62% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.73% | 1.01% | 0.89% | 1.24% | 1.61% |
FXAIX Fidelity 500 Index Fund | 1.36% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
FNCMX vs. FXAIX - Drawdown Comparison
The maximum FNCMX drawdown since its inception was -55.08%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FNCMX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FNCMX vs. FXAIX - Volatility Comparison
Fidelity NASDAQ Composite Index Fund (FNCMX) has a higher volatility of 6.12% compared to Fidelity 500 Index Fund (FXAIX) at 4.10%. This indicates that FNCMX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.