FNORX vs. CLOZ
Compare and contrast key facts about Fidelity Nordic Fund (FNORX) and Panagram Bbb-B Clo ETF (CLOZ).
FNORX is managed by Fidelity. It was launched on Nov 1, 1995. CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNORX or CLOZ.
Correlation
The correlation between FNORX and CLOZ is 0.07, 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
FNORX vs. CLOZ - Performance Comparison
Key characteristics
FNORX:
-0.69
CLOZ:
1.22
FNORX:
-0.84
CLOZ:
1.32
FNORX:
0.90
CLOZ:
1.42
FNORX:
-0.58
CLOZ:
0.84
FNORX:
-1.37
CLOZ:
7.11
FNORX:
9.00%
CLOZ:
0.60%
FNORX:
17.89%
CLOZ:
3.50%
FNORX:
-68.29%
CLOZ:
-5.10%
FNORX:
-20.12%
CLOZ:
-5.10%
Returns By Period
In the year-to-date period, FNORX achieves a 0.49% return, which is significantly higher than CLOZ's -3.69% return.
FNORX
0.49%
-12.54%
-13.71%
-11.19%
10.86%
4.00%
CLOZ
-3.69%
-4.45%
-0.28%
4.30%
N/A
N/A
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FNORX vs. CLOZ - Expense Ratio Comparison
FNORX has a 0.92% expense ratio, which is higher than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
FNORX vs. CLOZ — Risk-Adjusted Performance Rank
FNORX
CLOZ
FNORX vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Nordic Fund (FNORX) and Panagram Bbb-B Clo ETF (CLOZ). 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
FNORX vs. CLOZ - Dividend Comparison
FNORX's dividend yield for the trailing twelve months is around 4.14%, less than CLOZ's 9.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FNORX Fidelity Nordic Fund | 4.14% | 4.16% | 0.05% | 0.00% | 4.68% | 1.45% | 3.35% | 0.12% | 0.95% | 1.45% | 1.32% |
CLOZ Panagram Bbb-B Clo ETF | 9.06% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNORX vs. CLOZ - Drawdown Comparison
The maximum FNORX drawdown since its inception was -68.29%, which is greater than CLOZ's maximum drawdown of -5.10%. Use the drawdown chart below to compare losses from any high point for FNORX and CLOZ. For additional features, visit the drawdowns tool.
Volatility
FNORX vs. CLOZ - Volatility Comparison
Fidelity Nordic Fund (FNORX) has a higher volatility of 9.02% compared to Panagram Bbb-B Clo ETF (CLOZ) at 2.94%. This indicates that FNORX's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.