FYT vs. FNCMX
Compare and contrast key facts about First Trust Small Cap Value AlphaDEX Fund (FYT) and Fidelity NASDAQ Composite Index Fund (FNCMX).
FYT is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Small Cap Value Index. It was launched on Apr 18, 2011. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FYT or FNCMX.
Key characteristics
| FYT | FNCMX | |
|---|---|---|
| YTD Return | 3.70% | 18.56% |
| 1Y Return | 15.35% | 27.49% |
| 3Y Return (Ann) | 4.84% | 6.16% |
| 5Y Return (Ann) | 13.34% | 18.39% |
| 10Y Return (Ann) | 7.07% | 15.45% |
| Sharpe Ratio | 0.71 | 1.60 |
| Daily Std Dev | 21.40% | 17.30% |
| Max Drawdown | -50.48% | -55.08% |
| Current Drawdown | -4.35% | -4.91% |
Correlation
The correlation between FYT and FNCMX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FYT vs. FNCMX - Performance Comparison
In the year-to-date period, FYT achieves a 3.70% return, which is significantly lower than FNCMX's 18.56% return. Over the past 10 years, FYT has underperformed FNCMX with an annualized return of 7.07%, while FNCMX has yielded a comparatively higher 15.45% annualized 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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FYT vs. FNCMX - Expense Ratio Comparison
FYT has a 0.72% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
FYT vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Value AlphaDEX Fund (FYT) 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.
Dividends
FYT vs. FNCMX - Dividend Comparison
FYT's dividend yield for the trailing twelve months is around 1.42%, more than FNCMX's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYT First Trust Small Cap Value AlphaDEX Fund | 1.42% | 1.50% | 1.36% | 1.19% | 0.96% | 1.44% | 1.78% | 1.16% | 1.16% | 0.96% | 0.85% | 0.42% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.56% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.73% | 1.01% | 0.89% | 1.24% | 1.61% |
Drawdowns
FYT vs. FNCMX - Drawdown Comparison
The maximum FYT drawdown since its inception was -50.48%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for FYT and FNCMX. For additional features, visit the drawdowns tool.
Volatility
FYT vs. FNCMX - Volatility Comparison
First Trust Small Cap Value AlphaDEX Fund (FYT) has a higher volatility of 7.69% compared to Fidelity NASDAQ Composite Index Fund (FNCMX) at 7.27%. This indicates that FYT's price experiences larger fluctuations and is considered to be riskier than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.