FNORX vs. CLOZ

In the year-to-date period, FNORX achieves a 9.55% return, which is significantly higher than CLOZ's -0.90% return.

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FNORX has a 0.92% expense ratio, which is higher than CLOZ's 0.50% expense ratio.

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.

The current FNORX Sharpe Ratio is -0.16, which is lower than the CLOZ Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FNORX and CLOZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FNORX's dividend yield for the trailing twelve months is around 3.80%, less than CLOZ's 8.80% yield.

The maximum FNORX drawdown since its inception was -68.29%, which is greater than CLOZ's maximum drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for FNORX and CLOZ. For additional features, visit the drawdowns tool.

Fidelity Nordic Fund (FNORX) has a higher volatility of 9.84% compared to Panagram Bbb-B Clo ETF (CLOZ) at 4.31%. 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.