FNK vs. FNCMX
Compare and contrast key facts about First Trust Mid Cap Value AlphaDEX Fund (FNK) and Fidelity NASDAQ Composite Index Fund (FNCMX).
FNK is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Value Index. It was launched on Apr 19, 2011. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNK or FNCMX.
Key characteristics
| FNK | FNCMX | |
|---|---|---|
| YTD Return | 5.20% | 14.69% |
| 1Y Return | 13.81% | 23.32% |
| 3Y Return (Ann) | 6.97% | 4.77% |
| 5Y Return (Ann) | 12.46% | 17.18% |
| 10Y Return (Ann) | 7.08% | 15.11% |
| Sharpe Ratio | 0.77 | 1.32 |
| Daily Std Dev | 19.38% | 17.66% |
| Max Drawdown | -50.70% | -55.08% |
| Current Drawdown | -4.25% | -8.01% |
Correlation
The correlation between FNK and FNCMX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FNK vs. FNCMX - Performance Comparison
In the year-to-date period, FNK achieves a 5.20% return, which is significantly lower than FNCMX's 14.69% return. Over the past 10 years, FNK has underperformed FNCMX with an annualized return of 7.08%, while FNCMX has yielded a comparatively higher 15.11% 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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FNK vs. FNCMX - Expense Ratio Comparison
FNK has a 0.70% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
FNK vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Value AlphaDEX Fund (FNK) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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
FNK vs. FNCMX - Dividend Comparison
FNK's dividend yield for the trailing twelve months is around 1.66%, more than FNCMX's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNK First Trust Mid Cap Value AlphaDEX Fund | 1.66% | 1.76% | 1.66% | 1.27% | 1.61% | 1.82% | 1.76% | 1.40% | 1.38% | 1.45% | 1.08% | 0.77% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.58% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.73% | 1.01% | 0.89% | 1.24% | 1.61% |
Drawdowns
FNK vs. FNCMX - Drawdown Comparison
The maximum FNK drawdown since its inception was -50.70%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for FNK and FNCMX. For additional features, visit the drawdowns tool.
Volatility
FNK vs. FNCMX - Volatility Comparison
The current volatility for First Trust Mid Cap Value AlphaDEX Fund (FNK) is 6.30%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 7.63%. This indicates that FNK experiences smaller price fluctuations and is considered to be less risky than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.