PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions

FXAIX vs. FNCMX

Last updated Feb 24, 2024

Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity NASDAQ Composite Index Fund (FNCMX).

FXAIX is managed by Fidelity. FNCMX is managed by Fidelity.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXAIX or FNCMX.

Key characteristics


FXAIXFNCMX
YTD Return6.91%6.67%
1Y Return28.88%39.62%
3Y Return (Ann)11.18%6.97%
5Y Return (Ann)14.68%17.34%
10Y Return (Ann)12.84%15.10%
Sharpe Ratio2.382.48
Daily Std Dev12.44%16.37%
Max Drawdown-33.79%-55.08%
Current Drawdown0.00%-0.28%

Correlation

0.92
-1.001.00

The correlation between FXAIX and FNCMX is 0.92, 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.

FXAIX vs. FNCMX - Performance Comparison

The year-to-date returns for both stocks are quite close, with FXAIX having a 6.91% return and FNCMX slightly lower at 6.67%. Over the past 10 years, FXAIX has underperformed FNCMX with an annualized return of 12.84%, while FNCMX has yielded a comparatively higher 15.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%SeptemberOctoberNovemberDecember2024February
16.40%
18.76%
FXAIX
FNCMX

Compare stocks, funds, or ETFs


Fidelity 500 Index Fund

Fidelity NASDAQ Composite Index Fund

FXAIX vs. FNCMX - Dividend Comparison

FXAIX's dividend yield for the trailing twelve months is around 1.36%, more than FNCMX's 0.62% yield.


TTM20232022202120202019201820172016201520142013
FXAIX
Fidelity 500 Index Fund
1.36%1.45%1.69%1.22%1.60%2.06%2.72%1.97%2.52%2.83%2.63%1.84%
FNCMX
Fidelity NASDAQ Composite Index Fund
0.62%0.67%0.88%0.47%0.67%4.41%1.93%0.73%1.01%0.89%1.24%1.61%

FXAIX vs. FNCMX - Expense Ratio Comparison

FXAIX has a 0.02% expense ratio, which is lower than FNCMX's 0.29% expense ratio.

0.29%
0.00%2.15%
0.02%
0.00%2.15%

FXAIX vs. FNCMX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FXAIX
Fidelity 500 Index Fund
2.38
FNCMX
Fidelity NASDAQ Composite Index Fund
2.48

FXAIX vs. FNCMX - Sharpe Ratio Comparison

The current FXAIX Sharpe Ratio is 2.38, which roughly equals the FNCMX Sharpe Ratio of 2.48. The chart below compares the 12-month rolling Sharpe Ratio of FXAIX and FNCMX.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50SeptemberOctoberNovemberDecember2024February
2.38
2.48
FXAIX
FNCMX

FXAIX vs. FNCMX - Drawdown Comparison

The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum FNCMX drawdown of -55.08%. The drawdown chart below compares losses from any high point along the way for FXAIX and FNCMX


-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2024February0
-0.28%
FXAIX
FNCMX

FXAIX vs. FNCMX - Volatility Comparison

The current volatility for Fidelity 500 Index Fund (FXAIX) is 3.91%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 5.53%. This indicates that FXAIX 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.


2.00%3.00%4.00%5.00%6.00%SeptemberOctoberNovemberDecember2024February
3.91%
5.53%
FXAIX
FNCMX