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 a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FNCMX vs. FXAIX - Performance Comparison
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FNCMX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | -10.43% | 21.11% | 29.48% | 45.13% | -32.40% | 22.21% | 44.57% | 36.63% | -3.07% | 28.35% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FNCMX achieves a -10.43% return, which is significantly lower than FXAIX's -7.05% return. Over the past 10 years, FNCMX has outperformed FXAIX with an annualized return of 16.42%, while FXAIX has yielded a comparatively lower 13.75% annualized return.
FNCMX
- 1D
- -0.73%
- 1M
- -8.22%
- YTD
- -10.43%
- 6M
- -8.01%
- 1Y
- 20.91%
- 3Y*
- 20.31%
- 5Y*
- 10.35%
- 10Y*
- 16.42%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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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.
Return for Risk
FNCMX vs. FXAIX — Risk / Return Rank
FNCMX
FXAIX
FNCMX vs. FXAIX - Risk-Adjusted Trends 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.
| FNCMX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.84 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.30 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.05 | +0.26 |
Martin ratioReturn relative to average drawdown | 4.92 | 5.13 | -0.21 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.84 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.68 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.77 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.75 | -0.23 |
Correlation
The correlation between FNCMX and FXAIX is 0.93, 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.
Dividends
FNCMX vs. FXAIX - Dividend Comparison
FNCMX's dividend yield for the trailing twelve months is around 0.57%, less than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | 0.57% | 0.51% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.03% | 1.01% | 1.50% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
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.
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Drawdown Indicators
| FNCMX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.08% | -33.79% | -21.29% |
Max Drawdown (1Y)Largest decline over 1 year | -13.25% | -12.13% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -35.64% | -24.50% | -11.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.64% | -33.79% | -1.85% |
Current DrawdownCurrent decline from peak | -13.01% | -8.89% | -4.12% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -3.83% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.50% | +1.06% |
Volatility
FNCMX vs. FXAIX - Volatility Comparison
Fidelity NASDAQ Composite Index Fund (FNCMX) has a higher volatility of 5.63% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. 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.
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Volatility by Period
| FNCMX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 4.24% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 9.08% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 18.13% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.42% | 16.88% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 18.03% | +3.94% |