Correlation
The correlation between FNIAX and VOO is 0.94, 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.
FNIAX vs. VOO
Compare and contrast key facts about Fidelity Advisor New Insights Fund Class A (FNIAX) and Vanguard S&P 500 ETF (VOO).
FNIAX is managed by Fidelity. It was launched on Jul 31, 2003. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNIAX or VOO.
Performance
FNIAX vs. VOO - Performance Comparison
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Key characteristics
FNIAX:
0.81
VOO:
0.74
FNIAX:
1.13
VOO:
1.04
FNIAX:
1.16
VOO:
1.15
FNIAX:
0.79
VOO:
0.68
FNIAX:
2.68
VOO:
2.58
FNIAX:
5.93%
VOO:
4.93%
FNIAX:
22.08%
VOO:
19.54%
FNIAX:
-49.35%
VOO:
-33.99%
FNIAX:
-3.06%
VOO:
-3.55%
Returns By Period
In the year-to-date period, FNIAX achieves a 3.68% return, which is significantly higher than VOO's 0.90% return. Both investments have delivered pretty close results over the past 10 years, with FNIAX having a 13.40% annualized return and VOO not far behind at 12.81%.
FNIAX
3.68%
7.22%
3.45%
17.44%
20.27%
16.76%
13.40%
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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FNIAX vs. VOO - Expense Ratio Comparison
FNIAX has a 0.93% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FNIAX vs. VOO — Risk-Adjusted Performance Rank
FNIAX
VOO
FNIAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class A (FNIAX) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
FNIAX vs. VOO - Dividend Comparison
FNIAX's dividend yield for the trailing twelve months is around 6.53%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNIAX Fidelity Advisor New Insights Fund Class A | 6.53% | 5.85% | 6.18% | 17.12% | 12.63% | 8.14% | 6.48% | 13.78% | 7.61% | 4.99% | 4.40% | 7.60% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FNIAX vs. VOO - Drawdown Comparison
The maximum FNIAX drawdown since its inception was -49.35%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FNIAX and VOO.
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Volatility
FNIAX vs. VOO - Volatility Comparison
Fidelity Advisor New Insights Fund Class A (FNIAX) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.83% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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