FRD vs. FDFIX
Compare and contrast key facts about Friedman Industries, Incorporated (FRD) and Fidelity Flex 500 Index Fund (FDFIX).
FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRD or FDFIX.
Key characteristics
| FRD | FDFIX | |
|---|---|---|
| YTD Return | 19.74% | 11.70% |
| 1Y Return | 82.03% | 29.38% |
| 3Y Return (Ann) | 22.00% | 10.10% |
| 5Y Return (Ann) | 21.81% | 15.06% |
| Sharpe Ratio | 1.53 | 2.67 |
| Daily Std Dev | 55.29% | 11.62% |
| Max Drawdown | -76.25% | -33.77% |
| Current Drawdown | -5.19% | -0.18% |
Correlation
The correlation between FRD and FDFIX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FRD vs. FDFIX - Performance Comparison
In the year-to-date period, FRD achieves a 19.74% return, which is significantly higher than FDFIX's 11.70% 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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Risk-Adjusted Performance
FRD vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Friedman Industries, Incorporated (FRD) and Fidelity Flex 500 Index Fund (FDFIX). 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
FRD vs. FDFIX - Dividend Comparison
FRD's dividend yield for the trailing twelve months is around 0.54%, less than FDFIX's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRD Friedman Industries, Incorporated | 0.54% | 0.52% | 0.82% | 0.85% | 1.17% | 2.66% | 1.70% | 0.70% | 0.60% | 0.90% | 1.14% | 4.35% |
FDFIX Fidelity Flex 500 Index Fund | 1.33% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FRD vs. FDFIX - Drawdown Comparison
The maximum FRD drawdown since its inception was -76.25%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for FRD and FDFIX. For additional features, visit the drawdowns tool.
Volatility
FRD vs. FDFIX - Volatility Comparison
Friedman Industries, Incorporated (FRD) has a higher volatility of 7.77% compared to Fidelity Flex 500 Index Fund (FDFIX) at 3.40%. This indicates that FRD's price experiences larger fluctuations and is considered to be riskier than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.