IUS vs. FNILX
Compare and contrast key facts about Invesco RAFI Strategic US ETF (IUS) and Fidelity ZERO Large Cap Index Fund (FNILX).
IUS is a passively managed fund by Invesco that tracks the performance of the Invesco Strategic US Index. It was launched on Sep 12, 2018. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IUS or FNILX.
Key characteristics
| IUS | FNILX | |
|---|---|---|
| YTD Return | 20.28% | 27.36% |
| 1Y Return | 30.61% | 38.28% |
| 3Y Return (Ann) | 11.03% | 9.89% |
| 5Y Return (Ann) | 16.09% | 16.07% |
| Sharpe Ratio | 2.89 | 3.07 |
| Sortino Ratio | 3.96 | 4.07 |
| Omega Ratio | 1.53 | 1.58 |
| Calmar Ratio | 4.89 | 4.43 |
| Martin Ratio | 19.05 | 20.19 |
| Ulcer Index | 1.60% | 1.89% |
| Daily Std Dev | 10.55% | 12.43% |
| Max Drawdown | -34.67% | -33.75% |
| Current Drawdown | -0.62% | -0.23% |
Correlation
The correlation between IUS and FNILX is 0.85, 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
IUS vs. FNILX - Performance Comparison
In the year-to-date period, IUS achieves a 20.28% return, which is significantly lower than FNILX's 27.36% 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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IUS vs. FNILX - Expense Ratio Comparison
IUS has a 0.19% expense ratio, which is higher than FNILX's 0.00% 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
IUS vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Strategic US ETF (IUS) and Fidelity ZERO Large Cap Index Fund (FNILX). 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
IUS vs. FNILX - Dividend Comparison
IUS's dividend yield for the trailing twelve months is around 1.46%, more than FNILX's 1.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IUS Invesco RAFI Strategic US ETF | 1.46% | 1.72% | 1.78% | 1.46% | 1.74% | 1.77% | 0.73% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.05% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.41% |
Drawdowns
IUS vs. FNILX - Drawdown Comparison
The maximum IUS drawdown since its inception was -34.67%, roughly equal to the maximum FNILX drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for IUS and FNILX. For additional features, visit the drawdowns tool.
Volatility
IUS vs. FNILX - Volatility Comparison
The current volatility for Invesco RAFI Strategic US ETF (IUS) is 3.42%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 3.91%. This indicates that IUS experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.