GECC vs. FXAIX
Compare and contrast key facts about Great Elm Capital Corp. (GECC) and Fidelity 500 Index Fund (FXAIX).
FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GECC or FXAIX.
Key characteristics
| GECC | FXAIX | |
|---|---|---|
| YTD Return | 6.70% | 26.66% |
| 1Y Return | 23.83% | 38.25% |
| 3Y Return (Ann) | -8.36% | 10.01% |
| 5Y Return (Ann) | -17.57% | 15.93% |
| Sharpe Ratio | 0.91 | 3.10 |
| Sortino Ratio | 1.40 | 4.13 |
| Omega Ratio | 1.17 | 1.58 |
| Calmar Ratio | 0.32 | 4.54 |
| Martin Ratio | 4.64 | 20.58 |
| Ulcer Index | 4.80% | 1.87% |
| Daily Std Dev | 24.57% | 12.38% |
| Max Drawdown | -78.53% | -33.79% |
| Current Drawdown | -62.72% | 0.00% |
Correlation
The correlation between GECC and FXAIX is 0.14, 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
GECC vs. FXAIX - Performance Comparison
In the year-to-date period, GECC achieves a 6.70% return, which is significantly lower than FXAIX's 26.66% 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
GECC vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Great Elm Capital Corp. (GECC) and Fidelity 500 Index Fund (FXAIX). 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
GECC vs. FXAIX - Dividend Comparison
GECC's dividend yield for the trailing twelve months is around 14.63%, more than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GECC Great Elm Capital Corp. | 14.63% | 14.09% | 23.52% | 13.00% | 9.45% | 13.13% | 15.88% | 11.87% | 1.39% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
GECC vs. FXAIX - Drawdown Comparison
The maximum GECC drawdown since its inception was -78.53%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for GECC and FXAIX. For additional features, visit the drawdowns tool.
Volatility
GECC vs. FXAIX - Volatility Comparison
Great Elm Capital Corp. (GECC) has a higher volatility of 6.85% compared to Fidelity 500 Index Fund (FXAIX) at 3.92%. This indicates that GECC's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.