FNMIX vs. ^GSPC
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and S&P 500 (^GSPC).
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 ^GSPC.
Correlation
The correlation between FNMIX and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
FNMIX:
1.32
^GSPC:
0.46
FNMIX:
1.85
^GSPC:
0.77
FNMIX:
1.26
^GSPC:
1.11
FNMIX:
1.30
^GSPC:
0.47
FNMIX:
5.17
^GSPC:
1.94
FNMIX:
1.47%
^GSPC:
4.61%
FNMIX:
5.77%
^GSPC:
19.44%
FNMIX:
-43.58%
^GSPC:
-56.78%
FNMIX:
-2.40%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, FNMIX achieves a 1.49% return, which is significantly higher than ^GSPC's -6.06% return. Over the past 10 years, FNMIX has underperformed ^GSPC with an annualized return of 2.96%, while ^GSPC has yielded a comparatively higher 10.15% annualized return.
FNMIX
1.49%
-1.04%
1.82%
7.62%
4.59%
2.96%
^GSPC
-6.06%
-2.95%
-4.87%
8.34%
13.98%
10.15%
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Risk-Adjusted Performance
FNMIX vs. ^GSPC — Risk-Adjusted Performance Rank
FNMIX
^GSPC
FNMIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) and S&P 500 (^GSPC). 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.
Drawdowns
FNMIX vs. ^GSPC - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -43.58%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FNMIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FNMIX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity New Markets Income Fund (FNMIX) is 3.56%, while S&P 500 (^GSPC) has a volatility of 14.23%. This indicates that FNMIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.