FNORX vs. SPY
Compare and contrast key facts about Fidelity Nordic Fund (FNORX) and SPDR S&P 500 ETF (SPY).
FNORX is managed by Fidelity. It was launched on Nov 1, 1995. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNORX or SPY.
Correlation
The correlation between FNORX and SPY is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FNORX vs. SPY - Performance Comparison
Key characteristics
FNORX:
-0.13
SPY:
2.20
FNORX:
-0.08
SPY:
2.91
FNORX:
0.99
SPY:
1.41
FNORX:
-0.09
SPY:
3.35
FNORX:
-0.27
SPY:
13.99
FNORX:
7.33%
SPY:
2.01%
FNORX:
15.02%
SPY:
12.79%
FNORX:
-66.29%
SPY:
-55.19%
FNORX:
-19.99%
SPY:
-1.35%
Returns By Period
In the year-to-date period, FNORX achieves a 0.65% return, which is significantly lower than SPY's 1.96% return. Over the past 10 years, FNORX has underperformed SPY with an annualized return of 4.76%, while SPY has yielded a comparatively higher 13.44% annualized return.
FNORX
0.65%
-1.91%
-14.15%
-2.14%
5.40%
4.76%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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FNORX vs. SPY - Expense Ratio Comparison
FNORX has a 0.92% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FNORX vs. SPY — Risk-Adjusted Performance Rank
FNORX
SPY
FNORX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Nordic Fund (FNORX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FNORX's dividend yield for the trailing twelve months is around 4.13%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNORX Fidelity Nordic Fund | 4.13% | 4.16% | 0.05% | 0.00% | 4.68% | 1.45% | 3.35% | 0.12% | 0.95% | 1.45% | 1.32% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FNORX vs. SPY - Drawdown Comparison
The maximum FNORX drawdown since its inception was -66.29%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNORX and SPY. For additional features, visit the drawdowns tool.
Volatility
FNORX vs. SPY - Volatility Comparison
Fidelity Nordic Fund (FNORX) and SPDR S&P 500 ETF (SPY) have volatilities of 5.19% and 5.10%, 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.