FUMIX vs. ALVOX
Compare and contrast key facts about Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Alger Capital Appreciation Portfolio (ALVOX).
FUMIX is managed by Fidelity. It was launched on Feb 9, 2017. ALVOX is managed by Alger. It was launched on Jan 25, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMIX or ALVOX.
Key characteristics
| FUMIX | ALVOX | |
|---|---|---|
| YTD Return | 26.27% | 29.19% |
| 1Y Return | 40.93% | 43.78% |
| 3Y Return (Ann) | 8.58% | 5.94% |
| 5Y Return (Ann) | 15.18% | 16.82% |
| Sharpe Ratio | 2.25 | 2.19 |
| Daily Std Dev | 18.07% | 19.69% |
| Max Drawdown | -33.36% | -55.11% |
| Current Drawdown | -2.47% | -3.48% |
Correlation
The correlation between FUMIX and ALVOX is 0.89, 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
FUMIX vs. ALVOX - Performance Comparison
In the year-to-date period, FUMIX achieves a 26.27% return, which is significantly lower than ALVOX's 29.19% 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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FUMIX vs. ALVOX - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is lower than ALVOX's 0.91% expense ratio.
Risk-Adjusted Performance
FUMIX vs. ALVOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Alger Capital Appreciation Portfolio (ALVOX). 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
FUMIX vs. ALVOX - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 5.76%, while ALVOX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 5.76% | 18.09% | 2.10% | 20.67% | 8.68% | 2.09% | 3.84% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% |
ALVOX Alger Capital Appreciation Portfolio | 0.00% | 0.00% | 9.84% | 25.94% | 14.64% | 12.19% | 21.59% | 6.47% | 0.98% | 12.50% | 17.11% | 11.76% |
Drawdowns
FUMIX vs. ALVOX - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -33.36%, smaller than the maximum ALVOX drawdown of -55.11%. Use the drawdown chart below to compare losses from any high point for FUMIX and ALVOX. For additional features, visit the drawdowns tool.
Volatility
FUMIX vs. ALVOX - Volatility Comparison
The current volatility for Fidelity SAI U.S. Momentum Index Fund (FUMIX) is 5.79%, while Alger Capital Appreciation Portfolio (ALVOX) has a volatility of 6.81%. This indicates that FUMIX experiences smaller price fluctuations and is considered to be less risky than ALVOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.