FNX vs. FNCMX
Compare and contrast key facts about First Trust Mid Cap Core AlphaDEX Fund (FNX) and Fidelity NASDAQ Composite Index Fund (FNCMX).
FNX is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Core Index. It was launched on May 8, 2007. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNX or FNCMX.
Correlation
The correlation between FNX and FNCMX is 0.84, 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.
Performance
FNX vs. FNCMX - Performance Comparison
Key characteristics
FNX:
-0.01
FNCMX:
0.42
FNX:
0.15
FNCMX:
0.74
FNX:
1.02
FNCMX:
1.10
FNX:
-0.00
FNCMX:
0.43
FNX:
-0.00
FNCMX:
1.42
FNX:
8.23%
FNCMX:
7.28%
FNX:
22.19%
FNCMX:
25.61%
FNX:
-57.11%
FNCMX:
-55.71%
FNX:
-14.05%
FNCMX:
-11.00%
Returns By Period
In the year-to-date period, FNX achieves a -5.82% return, which is significantly higher than FNCMX's -7.02% return. Over the past 10 years, FNX has underperformed FNCMX with an annualized return of 8.29%, while FNCMX has yielded a comparatively higher 14.09% annualized return.
FNX
-5.82%
14.55%
-10.84%
-0.18%
15.14%
8.29%
FNCMX
-7.02%
17.41%
-6.72%
10.63%
15.48%
14.09%
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FNX vs. FNCMX - Expense Ratio Comparison
FNX has a 0.60% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
FNX vs. FNCMX — Risk-Adjusted Performance Rank
FNX
FNCMX
FNX vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Core AlphaDEX Fund (FNX) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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
FNX vs. FNCMX - Dividend Comparison
FNX's dividend yield for the trailing twelve months is around 1.43%, more than FNCMX's 0.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNX First Trust Mid Cap Core AlphaDEX Fund | 1.43% | 1.26% | 1.11% | 1.19% | 0.94% | 1.04% | 1.21% | 1.01% | 0.90% | 1.07% | 1.08% | 0.77% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.65% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% |
Drawdowns
FNX vs. FNCMX - Drawdown Comparison
The maximum FNX drawdown since its inception was -57.11%, roughly equal to the maximum FNCMX drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for FNX and FNCMX. For additional features, visit the drawdowns tool.
Volatility
FNX vs. FNCMX - Volatility Comparison
The current volatility for First Trust Mid Cap Core AlphaDEX Fund (FNX) is 10.65%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 14.10%. This indicates that FNX experiences smaller price fluctuations and is considered to be less risky than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.