FNMIX vs. AAPL
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and Apple Inc (AAPL).
FNMIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNMIX or AAPL.
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
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Key characteristics
FNMIX:
1.06
AAPL:
0.32
FNMIX:
1.49
AAPL:
0.69
FNMIX:
1.21
AAPL:
1.10
FNMIX:
1.03
AAPL:
0.32
FNMIX:
3.86
AAPL:
1.04
FNMIX:
1.57%
AAPL:
10.20%
FNMIX:
5.71%
AAPL:
32.96%
FNMIX:
-44.57%
AAPL:
-81.80%
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
2.49%
2.19%
3.06%
6.06%
7.35%
3.26%
2.88%
AAPL
-16.43%
6.13%
-8.22%
10.47%
15.52%
21.90%
21.54%
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Risk-Adjusted Performance
FNMIX vs. AAPL — Risk-Adjusted Performance Rank
FNMIX
AAPL
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.
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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.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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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