FXAIX vs. EDEN
FXAIX (Fidelity 500 Index Fund) and EDEN (iShares MSCI Denmark ETF) are both funds - FXAIX is a S&P 500 fund tracking the S&P 500 Index, while EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index. Both are passively managed. Over the past 10 years, FXAIX returned 15.44%/yr vs 9.22%/yr for EDEN. A 0.57 correlation means they provide meaningful diversification when combined. FXAIX charges 0.02%/yr vs 0.53%/yr for EDEN.
Performance
FXAIX vs. EDEN - Performance Comparison
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Returns By Period
In the year-to-date period, FXAIX achieves a 8.59% return, which is significantly higher than EDEN's -3.05% return. Over the past 10 years, FXAIX has outperformed EDEN with an annualized return of 15.44%, while EDEN has yielded a comparatively lower 9.22% annualized return.
FXAIX
- 1D
- 1.76%
- 1M
- -0.55%
- YTD
- 8.59%
- 6M
- 8.94%
- 1Y
- 23.79%
- 3Y*
- 21.06%
- 5Y*
- 13.34%
- 10Y*
- 15.44%
EDEN
- 1D
- -0.01%
- 1M
- -1.61%
- YTD
- -3.05%
- 6M
- -2.55%
- 1Y
- -6.97%
- 3Y*
- 2.87%
- 5Y*
- 2.08%
- 10Y*
- 9.22%
FXAIX vs. EDEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 8.59% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
EDEN iShares MSCI Denmark ETF | -3.05% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
Correlation
The correlation between FXAIX and EDEN is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | 0.57 |
The correlation between FXAIX and EDEN has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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Return for Risk
FXAIX vs. EDEN — Risk / Return Rank
FXAIX
EDEN
FXAIX vs. EDEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and iShares MSCI Denmark ETF (EDEN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FXAIX | EDEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.96 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | -0.33 | +3.07 |
| Martin ratioReturn relative to average drawdown | 12.46 | -0.72 | +13.18 |
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Drawdowns
FXAIX vs. EDEN - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum EDEN drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for FXAIX and EDEN.
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Drawdown Indicators
| FXAIX | EDEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -36.61% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -21.17% | +12.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -29.31% | +10.55% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -36.61% | +12.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -36.61% | +2.82% |
Current DrawdownCurrent decline from peak | -2.79% | -13.55% | +10.76% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -7.37% | +3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 10.27% | -8.32% |
Volatility
FXAIX vs. EDEN - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 4.44%, while iShares MSCI Denmark ETF (EDEN) has a volatility of 4.93%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than EDEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | EDEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 4.93% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 15.72% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 20.90% | -8.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 20.25% | -3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 19.41% | -1.31% |
FXAIX vs. EDEN - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than EDEN's 0.53% expense ratio.
Dividends
FXAIX vs. EDEN - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.06%, less than EDEN's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 2.87% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
FXAIX and EDEN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDEN has higher volatility (4.93%) compared to FXAIX (4.44%). In terms of maximum drawdown, FXAIX dropped -33.79% vs EDEN's -36.61%.
FXAIX currently has the higher Sharpe Ratio (1.97 vs -0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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