FNITX vs. MEIFX
Compare and contrast key facts about Fidelity Advisor New Insights Fund Class M (FNITX) and Meridian Enhanced Equity Fund (MEIFX).
FNITX is managed by Fidelity. It was launched on Jul 31, 2003. MEIFX is managed by Meridian. It was launched on Jan 31, 2005.
Performance
FNITX vs. MEIFX - Performance Comparison
Loading graphics...
FNITX vs. MEIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNITX Fidelity Advisor New Insights Fund Class M | -7.56% | 22.36% | 34.61% | 35.61% | -26.67% | 24.10% | 23.30% | 28.81% | -4.89% | 27.76% |
MEIFX Meridian Enhanced Equity Fund | -1.60% | 6.51% | 13.19% | 18.96% | -16.43% | 15.15% | 26.18% | 44.95% | -0.51% | 27.94% |
Returns By Period
In the year-to-date period, FNITX achieves a -7.56% return, which is significantly lower than MEIFX's -1.60% return. Both investments have delivered pretty close results over the past 10 years, with FNITX having a 14.45% annualized return and MEIFX not far behind at 13.78%.
FNITX
- 1D
- -0.54%
- 1M
- -9.30%
- YTD
- -7.56%
- 6M
- -4.32%
- 1Y
- 19.87%
- 3Y*
- 23.36%
- 5Y*
- 12.89%
- 10Y*
- 14.45%
MEIFX
- 1D
- 0.08%
- 1M
- -3.16%
- YTD
- -1.60%
- 6M
- -1.55%
- 1Y
- 4.96%
- 3Y*
- 9.70%
- 5Y*
- 5.75%
- 10Y*
- 13.78%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNITX vs. MEIFX - Expense Ratio Comparison
FNITX has a 1.18% expense ratio, which is lower than MEIFX's 1.20% expense ratio.
Return for Risk
FNITX vs. MEIFX — Risk / Return Rank
FNITX
MEIFX
FNITX vs. MEIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class M (FNITX) and Meridian Enhanced Equity Fund (MEIFX). 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.
| FNITX | MEIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.30 | +0.73 |
Sortino ratioReturn per unit of downside risk | 1.55 | 0.55 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.07 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.49 | +1.07 |
Martin ratioReturn relative to average drawdown | 6.32 | 2.30 | +4.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FNITX | MEIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.30 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.37 | +0.32 |
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 | 0.59 | 0.51 | +0.07 |
Correlation
The correlation between FNITX and MEIFX is 0.80, 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
FNITX vs. MEIFX - Dividend Comparison
FNITX's dividend yield for the trailing twelve months is around 11.07%, more than MEIFX's 7.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNITX Fidelity Advisor New Insights Fund Class M | 11.07% | 11.08% | 6.33% | 6.43% | 18.00% | 13.42% | 8.54% | 6.62% | 14.33% | 7.86% | 4.99% | 4.45% |
MEIFX Meridian Enhanced Equity Fund | 7.36% | 7.25% | 14.61% | 0.61% | 9.28% | 25.44% | 13.26% | 40.49% | 11.67% | 1.18% | 0.78% | 4.24% |
Drawdowns
FNITX vs. MEIFX - Drawdown Comparison
The maximum FNITX drawdown since its inception was -49.84%, smaller than the maximum MEIFX drawdown of -54.37%. Use the drawdown chart below to compare losses from any high point for FNITX and MEIFX.
Loading graphics...
Drawdown Indicators
| FNITX | MEIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -54.37% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -8.99% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -32.06% | -23.54% | -8.52% |
Max Drawdown (10Y)Largest decline over 10 years | -32.06% | -28.67% | -3.39% |
Current DrawdownCurrent decline from peak | -10.45% | -7.42% | -3.03% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -7.76% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.05% | +0.63% |
Volatility
FNITX vs. MEIFX - Volatility Comparison
Fidelity Advisor New Insights Fund Class M (FNITX) has a higher volatility of 5.28% compared to Meridian Enhanced Equity Fund (MEIFX) at 3.54%. This indicates that FNITX's price experiences larger fluctuations and is considered to be riskier than MEIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FNITX | MEIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 3.54% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 7.12% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 14.91% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 15.93% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.21% | 17.95% | +1.26% |