Correlation
The correlation between MNWIX and FDFIX is 0.49, 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.
MNWIX vs. FDFIX
Compare and contrast key facts about MFS Managed Wealth Fund (MNWIX) and Fidelity Flex 500 Index Fund (FDFIX).
MNWIX is managed by Blackrock. It was launched on Jun 26, 2014. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNWIX or FDFIX.
Performance
MNWIX vs. FDFIX - Performance Comparison
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Key characteristics
MNWIX:
1.40
FDFIX:
0.73
MNWIX:
1.82
FDFIX:
1.04
MNWIX:
1.25
FDFIX:
1.15
MNWIX:
1.53
FDFIX:
0.69
MNWIX:
6.85
FDFIX:
2.62
MNWIX:
0.85%
FDFIX:
4.93%
MNWIX:
4.56%
FDFIX:
19.78%
MNWIX:
-5.26%
FDFIX:
-33.77%
MNWIX:
-0.08%
FDFIX:
-3.43%
Returns By Period
In the year-to-date period, MNWIX achieves a 4.74% return, which is significantly higher than FDFIX's 1.03% return.
MNWIX
4.74%
1.64%
3.43%
6.09%
5.83%
3.05%
3.42%
FDFIX
1.03%
5.64%
-1.39%
13.51%
14.41%
15.95%
N/A
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MNWIX vs. FDFIX - Expense Ratio Comparison
MNWIX has a 0.67% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
MNWIX vs. FDFIX — Risk-Adjusted Performance Rank
MNWIX
FDFIX
MNWIX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Managed Wealth Fund (MNWIX) and Fidelity Flex 500 Index Fund (FDFIX). 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.
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Dividends
MNWIX vs. FDFIX - Dividend Comparison
MNWIX's dividend yield for the trailing twelve months is around 1.08%, less than FDFIX's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNWIX MFS Managed Wealth Fund | 1.08% | 1.13% | 0.78% | 0.71% | 0.14% | 0.23% | 0.55% | 0.43% | 0.93% | 2.65% | 1.19% | 0.76% |
FDFIX Fidelity Flex 500 Index Fund | 1.27% | 1.26% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% | 0.00% | 0.00% | 0.00% |
Drawdowns
MNWIX vs. FDFIX - Drawdown Comparison
The maximum MNWIX drawdown since its inception was -5.26%, smaller than the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for MNWIX and FDFIX.
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Volatility
MNWIX vs. FDFIX - Volatility Comparison
The current volatility for MFS Managed Wealth Fund (MNWIX) is 1.25%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 4.78%. This indicates that MNWIX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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