IEDI vs. FXAIX
Compare and contrast key facts about iShares Evolved U.S. Discretionary Spending ETF (IEDI) and Fidelity 500 Index Fund (FXAIX).
IEDI is an actively managed fund by iShares. It was launched on Mar 21, 2018. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEDI or FXAIX.
Key characteristics
| IEDI | FXAIX | |
|---|---|---|
| YTD Return | 22.58% | 26.92% |
| 1Y Return | 36.88% | 37.57% |
| 3Y Return (Ann) | 5.65% | 10.24% |
| 5Y Return (Ann) | 13.69% | 15.96% |
| Sharpe Ratio | 2.88 | 3.05 |
| Sortino Ratio | 3.97 | 4.06 |
| Omega Ratio | 1.50 | 1.57 |
| Calmar Ratio | 2.33 | 4.44 |
| Martin Ratio | 12.93 | 20.09 |
| Ulcer Index | 2.83% | 1.86% |
| Daily Std Dev | 12.68% | 12.28% |
| Max Drawdown | -30.60% | -33.79% |
| Current Drawdown | -0.10% | -0.28% |
Correlation
The correlation between IEDI and FXAIX is 0.82, 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
IEDI vs. FXAIX - Performance Comparison
In the year-to-date period, IEDI achieves a 22.58% return, which is significantly lower than FXAIX's 26.92% 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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IEDI vs. FXAIX - Expense Ratio Comparison
IEDI has a 0.18% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IEDI vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Discretionary Spending ETF (IEDI) 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
IEDI vs. FXAIX - Dividend Comparison
IEDI's dividend yield for the trailing twelve months is around 1.01%, less than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEDI iShares Evolved U.S. Discretionary Spending ETF | 1.01% | 1.13% | 3.04% | 0.70% | 0.83% | 1.58% | 1.57% | 0.00% | 0.00% | 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
IEDI vs. FXAIX - Drawdown Comparison
The maximum IEDI drawdown since its inception was -30.60%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for IEDI and FXAIX. For additional features, visit the drawdowns tool.
Volatility
IEDI vs. FXAIX - Volatility Comparison
The current volatility for iShares Evolved U.S. Discretionary Spending ETF (IEDI) is 2.90%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.85%. This indicates that IEDI experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.