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FNMIX vs. AAPL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FNMIX and AAPL is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

FNMIX vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity New Markets Income Fund (FNMIX) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FNMIX:

1.06

AAPL:

0.32

Sortino Ratio

FNMIX:

1.49

AAPL:

0.69

Omega Ratio

FNMIX:

1.21

AAPL:

1.10

Calmar Ratio

FNMIX:

1.03

AAPL:

0.32

Martin Ratio

FNMIX:

3.86

AAPL:

1.04

Ulcer Index

FNMIX:

1.57%

AAPL:

10.20%

Daily Std Dev

FNMIX:

5.71%

AAPL:

32.96%

Max Drawdown

FNMIX:

-44.57%

AAPL:

-81.80%

Current Drawdown

FNMIX:

-1.45%

AAPL:

-19.20%

Returns By Period

In the year-to-date period, FNMIX achieves a 2.49% return, which is significantly higher than AAPL's -16.43% return. Over the past 10 years, FNMIX has underperformed AAPL with an annualized return of 2.88%, while AAPL has yielded a comparatively higher 21.54% annualized return.


FNMIX

YTD

2.49%

1M

2.19%

6M

3.06%

1Y

6.06%

3Y*

7.35%

5Y*

3.26%

10Y*

2.88%

AAPL

YTD

-16.43%

1M

6.13%

6M

-8.22%

1Y

10.47%

3Y*

15.52%

5Y*

21.90%

10Y*

21.54%

*Annualized

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Fidelity New Markets Income Fund

Apple Inc

Risk-Adjusted Performance

FNMIX vs. AAPL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNMIX
The Risk-Adjusted Performance Rank of FNMIX is 8282
Overall Rank
The Sharpe Ratio Rank of FNMIX is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of FNMIX is 8181
Sortino Ratio Rank
The Omega Ratio Rank of FNMIX is 8181
Omega Ratio Rank
The Calmar Ratio Rank of FNMIX is 8484
Calmar Ratio Rank
The Martin Ratio Rank of FNMIX is 8080
Martin Ratio Rank

AAPL
The Risk-Adjusted Performance Rank of AAPL is 6161
Overall Rank
The Sharpe Ratio Rank of AAPL is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of AAPL is 5656
Sortino Ratio Rank
The Omega Ratio Rank of AAPL is 5757
Omega Ratio Rank
The Calmar Ratio Rank of AAPL is 6666
Calmar Ratio Rank
The Martin Ratio Rank of AAPL is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FNMIX vs. AAPL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) and Apple Inc (AAPL). 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.


The current FNMIX Sharpe Ratio is 1.06, which is higher than the AAPL Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of FNMIX and AAPL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FNMIX vs. AAPL - Dividend Comparison

FNMIX's dividend yield for the trailing twelve months is around 4.78%, more than AAPL's 0.48% yield.


TTM20242023202220212020201920182017201620152014
FNMIX
Fidelity New Markets Income Fund
4.78%4.70%5.14%5.14%3.83%3.99%4.88%4.68%5.32%5.61%5.42%6.68%
AAPL
Apple Inc
0.48%0.40%0.49%0.70%0.49%0.61%1.04%1.79%1.45%1.93%1.93%1.67%

Drawdowns

FNMIX vs. AAPL - Drawdown Comparison

The maximum FNMIX drawdown since its inception was -44.57%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for FNMIX and AAPL. For additional features, visit the drawdowns tool.


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Volatility

FNMIX vs. AAPL - Volatility Comparison

The current volatility for Fidelity New Markets Income Fund (FNMIX) is 1.37%, while Apple Inc (AAPL) has a volatility of 9.75%. This indicates that FNMIX experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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