FNCMX vs. XLK
Compare and contrast key facts about Fidelity NASDAQ Composite Index Fund (FNCMX) and Technology Select Sector SPDR Fund (XLK).
FNCMX is managed by Fidelity. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNCMX or XLK.
Performance
FNCMX vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, FNCMX achieves a 25.14% return, which is significantly higher than XLK's 19.44% return. Over the past 10 years, FNCMX has underperformed XLK with an annualized return of 15.23%, while XLK has yielded a comparatively higher 20.13% annualized return.
FNCMX
25.14%
1.07%
12.29%
33.09%
17.11%
15.23%
XLK
19.44%
-0.30%
8.36%
25.78%
22.44%
20.13%
Key characteristics
| FNCMX | XLK | |
|---|---|---|
| Sharpe Ratio | 1.90 | 1.22 |
| Sortino Ratio | 2.51 | 1.68 |
| Omega Ratio | 1.34 | 1.23 |
| Calmar Ratio | 2.54 | 1.56 |
| Martin Ratio | 9.53 | 5.38 |
| Ulcer Index | 3.49% | 4.91% |
| Daily Std Dev | 17.52% | 21.72% |
| Max Drawdown | -55.71% | -82.05% |
| Current Drawdown | -3.19% | -3.67% |
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FNCMX vs. XLK - Expense Ratio Comparison
FNCMX has a 0.29% expense ratio, which is higher than XLK's 0.13% expense ratio.
Correlation
The correlation between FNCMX and XLK 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.
Risk-Adjusted Performance
FNCMX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity NASDAQ Composite Index Fund (FNCMX) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
FNCMX's dividend yield for the trailing twelve months is around 0.53%, less than XLK's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCMX Fidelity NASDAQ Composite Index Fund | 0.53% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% | 0.72% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
FNCMX vs. XLK - Drawdown Comparison
The maximum FNCMX drawdown since its inception was -55.71%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FNCMX and XLK. For additional features, visit the drawdowns tool.
Volatility
FNCMX vs. XLK - Volatility Comparison
The current volatility for Fidelity NASDAQ Composite Index Fund (FNCMX) is 5.77%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.32%. This indicates that FNCMX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.