FPACX vs. FDVV
Compare and contrast key facts about FPA Crescent Fund (FPACX) and Fidelity High Dividend ETF (FDVV).
FPACX is managed by FPA. It was launched on Jun 1, 1993. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPACX or FDVV.
Key characteristics
| FPACX | FDVV | |
|---|---|---|
| YTD Return | 13.39% | 25.82% |
| 1Y Return | 18.42% | 40.01% |
| 3Y Return (Ann) | 2.19% | 13.27% |
| 5Y Return (Ann) | 5.83% | 14.69% |
| Sharpe Ratio | 1.99 | 3.74 |
| Sortino Ratio | 2.73 | 5.11 |
| Omega Ratio | 1.37 | 1.70 |
| Calmar Ratio | 1.74 | 5.65 |
| Martin Ratio | 12.22 | 32.76 |
| Ulcer Index | 1.47% | 1.19% |
| Daily Std Dev | 9.06% | 10.43% |
| Max Drawdown | -35.01% | -40.25% |
| Current Drawdown | -0.25% | 0.00% |
Correlation
The correlation between FPACX and FDVV is 0.85, 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
FPACX vs. FDVV - Performance Comparison
In the year-to-date period, FPACX achieves a 13.39% return, which is significantly lower than FDVV's 25.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPACX vs. FDVV - Expense Ratio Comparison
FPACX has a 1.00% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
FPACX vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Crescent Fund (FPACX) and Fidelity High Dividend ETF (FDVV). 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
FPACX vs. FDVV - Dividend Comparison
FPACX's dividend yield for the trailing twelve months is around 1.27%, less than FDVV's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPACX FPA Crescent Fund | 1.27% | 0.12% | 0.05% | 0.78% | 0.30% | 2.36% | 0.71% | 0.98% | 0.89% | 1.00% | 0.92% | 0.64% |
FDVV Fidelity High Dividend ETF | 2.71% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPACX vs. FDVV - Drawdown Comparison
The maximum FPACX drawdown since its inception was -35.01%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FPACX and FDVV. For additional features, visit the drawdowns tool.
Volatility
FPACX vs. FDVV - Volatility Comparison
The current volatility for FPA Crescent Fund (FPACX) is 2.39%, while Fidelity High Dividend ETF (FDVV) has a volatility of 2.79%. This indicates that FPACX experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.