FNORX vs. EDEN
Compare and contrast key facts about Fidelity Nordic Fund (FNORX) and iShares MSCI Denmark ETF (EDEN).
FNORX is managed by Fidelity. It was launched on Nov 1, 1995. EDEN is a passively managed fund by iShares that tracks the performance of the MSCI Denmark IMI 25/50 Index. It was launched on Jan 25, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNORX or EDEN.
Performance
FNORX vs. EDEN - Performance Comparison
Returns By Period
In the year-to-date period, FNORX achieves a -0.72% return, which is significantly lower than EDEN's 1.16% return. Over the past 10 years, FNORX has underperformed EDEN with an annualized return of 7.84%, while EDEN has yielded a comparatively higher 10.43% annualized return.
FNORX
-0.72%
-7.55%
-10.14%
8.72%
10.10%
7.84%
EDEN
1.16%
-8.65%
-11.21%
7.91%
12.87%
10.43%
Key characteristics
| FNORX | EDEN | |
|---|---|---|
| Sharpe Ratio | 0.58 | 0.63 |
| Sortino Ratio | 0.93 | 0.98 |
| Omega Ratio | 1.10 | 1.11 |
| Calmar Ratio | 0.59 | 0.67 |
| Martin Ratio | 2.09 | 2.51 |
| Ulcer Index | 4.07% | 4.03% |
| Daily Std Dev | 14.81% | 16.15% |
| Max Drawdown | -68.29% | -36.61% |
| Current Drawdown | -13.70% | -15.09% |
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FNORX vs. EDEN - Expense Ratio Comparison
FNORX has a 0.92% expense ratio, which is higher than EDEN's 0.53% expense ratio.
Correlation
The correlation between FNORX and EDEN is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FNORX vs. EDEN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Nordic Fund (FNORX) and iShares MSCI Denmark ETF (EDEN). 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. EDEN - Dividend Comparison
FNORX's dividend yield for the trailing twelve months is around 0.05%, less than EDEN's 1.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNORX Fidelity Nordic Fund | 0.05% | 0.05% | 0.00% | 4.68% | 1.45% | 3.35% | 0.12% | 0.95% | 1.45% | 1.32% | 0.00% | 7.72% |
EDEN iShares MSCI Denmark ETF | 1.40% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% | 0.87% | 0.86% |
Drawdowns
FNORX vs. EDEN - Drawdown Comparison
The maximum FNORX drawdown since its inception was -68.29%, which is greater than EDEN's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for FNORX and EDEN. For additional features, visit the drawdowns tool.
Volatility
FNORX vs. EDEN - Volatility Comparison
Fidelity Nordic Fund (FNORX) and iShares MSCI Denmark ETF (EDEN) have volatilities of 4.51% and 4.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.