FNORX vs. FWWFX
Compare and contrast key facts about Fidelity Nordic Fund (FNORX) and Fidelity Worldwide Fund (FWWFX).
FNORX is managed by Fidelity. It was launched on Nov 1, 1995. FWWFX is managed by Fidelity. It was launched on May 30, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNORX or FWWFX.
Performance
FNORX vs. FWWFX - Performance Comparison
Returns By Period
In the year-to-date period, FNORX achieves a -0.72% return, which is significantly lower than FWWFX's 27.45% return. Over the past 10 years, FNORX has underperformed FWWFX with an annualized return of 7.84%, while FWWFX has yielded a comparatively higher 11.80% annualized return.
FNORX
-0.72%
-7.55%
-10.14%
8.72%
10.10%
7.84%
FWWFX
27.45%
-1.10%
7.39%
34.04%
14.08%
11.80%
Key characteristics
| FNORX | FWWFX | |
|---|---|---|
| Sharpe Ratio | 0.58 | 2.07 |
| Sortino Ratio | 0.93 | 2.84 |
| Omega Ratio | 1.10 | 1.37 |
| Calmar Ratio | 0.59 | 2.34 |
| Martin Ratio | 2.09 | 12.26 |
| Ulcer Index | 4.07% | 2.76% |
| Daily Std Dev | 14.81% | 16.34% |
| Max Drawdown | -68.29% | -55.76% |
| Current Drawdown | -13.70% | -3.67% |
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FNORX vs. FWWFX - Expense Ratio Comparison
FNORX has a 0.92% expense ratio, which is lower than FWWFX's 1.00% expense ratio.
Correlation
The correlation between FNORX and FWWFX is 0.73, 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. FWWFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Nordic Fund (FNORX) and Fidelity Worldwide Fund (FWWFX). 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. FWWFX - Dividend Comparison
FNORX's dividend yield for the trailing twelve months is around 0.05%, less than FWWFX's 0.74% 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% |
FWWFX Fidelity Worldwide Fund | 0.74% | 0.94% | 0.84% | 0.45% | 0.05% | 0.63% | 0.37% | 0.66% | 0.90% | 4.60% | 11.54% | 8.74% |
Drawdowns
FNORX vs. FWWFX - Drawdown Comparison
The maximum FNORX drawdown since its inception was -68.29%, which is greater than FWWFX's maximum drawdown of -55.76%. Use the drawdown chart below to compare losses from any high point for FNORX and FWWFX. For additional features, visit the drawdowns tool.
Volatility
FNORX vs. FWWFX - Volatility Comparison
Fidelity Nordic Fund (FNORX) and Fidelity Worldwide Fund (FWWFX) have volatilities of 4.51% and 4.48%, 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.