LDO.MI vs. FFIDX

Last updated Jun 13, 2026

LDO.MI (Leonardo S.p.A.) is a stock, while FFIDX (Fidelity Fund) is Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, LDO.MI returned 20.81%/yr vs 14.98%/yr for FFIDX. At a 0.24 correlation, their price movements are largely independent.

Performance

LDO.MI vs. FFIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leonardo S.p.A. (LDO.MI) and Fidelity Fund (FFIDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LDO.MI is traded in EUR, while FFIDX is traded in USD. To make them comparable, the FFIDX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LDO.MI achieves a 8.79% return, which is significantly higher than FFIDX's 2.89% return. Over the past 10 years, LDO.MI has outperformed FFIDX with an annualized return of 20.81%, while FFIDX has yielded a comparatively lower 14.98% annualized return.

LDO.MI

• 1D: -0.43%
• 1M: 7.30%
• YTD: 8.79%
• 6M: 11.00%
• 1Y: 11.73%
• 3Y*: 73.47%
• 5Y*: 50.82%
• 10Y*: 20.81%

FFIDX

• 1D: 0.80%
• 1M: -0.58%
• YTD: 2.89%
• 6M: 3.90%
• 1Y: 18.01%
• 3Y*: 17.34%
• 5Y*: 13.28%
• 10Y*: 14.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LDO.MI vs. FFIDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LDO.MI Leonardo S.p.A.	8.79%	91.71%	75.75%	87.70%	29.81%	6.60%	-42.19%	37.99%	-21.37%	-24.95%
FFIDX Fidelity Fund	2.89%	5.80%	35.53%	27.00%	-21.28%	43.18%	16.01%	36.48%	-0.87%	8.13%

Correlation

The correlation between LDO.MI and FFIDX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007	0.24

The correlation between LDO.MI and FFIDX shifts across timeframes, from 0.11 (5 years) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LDO.MI vs. FFIDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LDO.MI

LDO.MI Risk / Return Rank: 52
LDO.MI Sharpe Ratio Rank: 53
LDO.MI Sortino Ratio Rank: 48
LDO.MI Omega Ratio Rank: 47
LDO.MI Calmar Ratio Rank: 55
LDO.MI Martin Ratio Rank: 55

FFIDX

FFIDX Risk / Return Rank: 37
FFIDX Sharpe Ratio Rank: 39
FFIDX Sortino Ratio Rank: 38
FFIDX Omega Ratio Rank: 37
FFIDX Calmar Ratio Rank: 30
FFIDX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LDO.MI vs. FFIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leonardo S.p.A. (LDO.MI) and Fidelity Fund (FFIDX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LDO.MI	FFIDX	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.33	-1.04
Sortino ratio: Return per unit of downside risk	0.67	1.82	-1.15
Omega ratio: Gain probability vs. loss probability	1.08	1.24	-0.16
Calmar ratio: Return relative to maximum drawdown	0.49	1.76	-1.27
Martin ratio: Return relative to average drawdown	1.13	6.44	-5.31

LDO.MI vs. FFIDX - Sharpe Ratio Comparison

The current LDO.MI Sharpe Ratio is 0.29, which is lower than the FFIDX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of LDO.MI and FFIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LDO.MI vs. FFIDX - Drawdown Comparison

The maximum LDO.MI drawdown since its inception was -84.17%, which is greater than FFIDX's maximum drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for LDO.MI and FFIDX.

Drawdown Indicators

	LDO.MI	FFIDX	Difference
Max Drawdown Largest peak-to-trough decline	-84.17%	-48.89%	-35.28%
Max Drawdown (1Y) Largest decline over 1 year	-23.76%	-9.85%	-13.91%
Max Drawdown (3Y) Largest decline over 3 years	-23.76%	-27.23%	+3.47%
Max Drawdown (5Y) Largest decline over 5 years	-33.68%	-27.23%	-6.45%
Max Drawdown (10Y) Largest decline over 10 years	-73.15%	-30.14%	-43.01%
Current Drawdown Current decline from peak	-16.78%	-2.44%	-14.34%
Average Drawdown Average peak-to-trough decline	-38.08%	-8.58%	-29.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.42%	2.70%	+7.72%

Volatility

LDO.MI vs. FFIDX - Volatility Comparison

Leonardo S.p.A. (LDO.MI) has a higher volatility of 9.48% compared to Fidelity Fund (FFIDX) at 3.07%. This indicates that LDO.MI's price experiences larger fluctuations and is considered to be riskier than FFIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDO.MI	FFIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.48%	3.07%	+6.41%
Volatility (6M) Calculated over the trailing 6-month period	29.66%	8.96%	+20.70%
Volatility (1Y) Calculated over the trailing 1-year period	40.60%	13.08%	+27.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.60%	19.07%	+16.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.68%	19.93%	+17.75%

Dividends

LDO.MI vs. FFIDX - Dividend Comparison

LDO.MI's dividend yield for the trailing twelve months is around 0.97%, less than FFIDX's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFIDX Fidelity Fund	1.16%	1.18%	0.00%	2.41%	0.67%	4.60%	2.71%	5.41%	7.40%	11.12%	7.01%	5.48%
LDO.MI Leonardo S.p.A.	0.97%	1.06%	1.08%	0.94%	1.74%	0.00%	2.37%	1.34%	1.82%	1.41%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LDO.MI and FFIDX in my portfolio?

LDO.MI and FFIDX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.