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.
Performance
FNORX vs. EDEN - Performance Comparison
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FNORX vs. EDEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNORX Fidelity Nordic Fund | 1.60% | 25.85% | -4.51% | 20.85% | -19.29% | 12.77% | 43.03% | 17.26% | -11.56% | 22.48% |
EDEN iShares MSCI Denmark ETF | -7.84% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
Returns By Period
In the year-to-date period, FNORX achieves a 1.60% return, which is significantly higher than EDEN's -7.84% return. Over the past 10 years, FNORX has outperformed EDEN with an annualized return of 8.84%, while EDEN has yielded a comparatively lower 8.14% annualized return.
FNORX
- 1D
- 4.03%
- 1M
- -3.41%
- YTD
- 1.60%
- 6M
- 6.42%
- 1Y
- 16.40%
- 3Y*
- 10.31%
- 5Y*
- 5.41%
- 10Y*
- 8.84%
EDEN
- 1D
- 0.78%
- 1M
- -1.92%
- YTD
- -7.84%
- 6M
- -4.54%
- 1Y
- 5.18%
- 3Y*
- 1.86%
- 5Y*
- 3.22%
- 10Y*
- 8.14%
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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.
Return for Risk
FNORX vs. EDEN — Risk / Return Rank
FNORX
EDEN
FNORX vs. EDEN - Risk-Adjusted Trends 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.
| FNORX | EDEN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.23 | +0.73 |
Sortino ratioReturn per unit of downside risk | 1.34 | 0.46 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.06 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.21 | +1.13 |
Martin ratioReturn relative to average drawdown | 4.09 | 0.50 | +3.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNORX | EDEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.23 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.16 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.42 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.63 | -0.18 |
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.
Dividends
FNORX vs. EDEN - Dividend Comparison
FNORX's dividend yield for the trailing twelve months is around 8.60%, more than EDEN's 3.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNORX Fidelity Nordic Fund | 8.60% | 8.74% | 6.14% | 0.05% | 0.00% | 14.85% | 3.29% | 4.59% | 10.78% | 3.13% | 1.71% | 1.32% |
EDEN iShares MSCI Denmark ETF | 3.02% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
Drawdowns
FNORX vs. EDEN - Drawdown Comparison
The maximum FNORX drawdown since its inception was -69.72%, 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.
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Drawdown Indicators
| FNORX | EDEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.72% | -36.61% | -33.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -21.17% | +8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -38.15% | -36.61% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -38.15% | -36.61% | -1.54% |
Current DrawdownCurrent decline from peak | -8.55% | -17.82% | +9.27% |
Average DrawdownAverage peak-to-trough decline | -17.53% | -7.28% | -10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 8.78% | -4.54% |
Volatility
FNORX vs. EDEN - Volatility Comparison
Fidelity Nordic Fund (FNORX) has a higher volatility of 7.85% compared to iShares MSCI Denmark ETF (EDEN) at 7.27%. This indicates that FNORX's price experiences larger fluctuations and is considered to be riskier than EDEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNORX | EDEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 7.27% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 15.46% | -2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 23.03% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 20.19% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 19.35% | -0.45% |