Correlation
The correlation between MUHLX and FMILX is 0.84, 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.
MUHLX vs. FMILX
Compare and contrast key facts about Muhlenkamp Fund (MUHLX) and Fidelity New Millennium Fund (FMILX).
MUHLX is managed by Muhlenkamp. It was launched on Nov 1, 1988. FMILX is managed by Fidelity. It was launched on Dec 28, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUHLX or FMILX.
Performance
MUHLX vs. FMILX - Performance Comparison
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Key characteristics
MUHLX:
0.46
FMILX:
0.58
MUHLX:
0.88
FMILX:
0.91
MUHLX:
1.12
FMILX:
1.13
MUHLX:
0.71
FMILX:
0.59
MUHLX:
2.25
FMILX:
2.02
MUHLX:
4.01%
FMILX:
5.92%
MUHLX:
16.25%
FMILX:
21.29%
MUHLX:
-62.05%
FMILX:
-56.03%
MUHLX:
-2.49%
FMILX:
-3.84%
Returns By Period
In the year-to-date period, MUHLX achieves a 5.59% return, which is significantly higher than FMILX's 1.55% return. Over the past 10 years, MUHLX has underperformed FMILX with an annualized return of 7.37%, while FMILX has yielded a comparatively higher 12.35% annualized return.
MUHLX
5.59%
2.33%
-2.08%
7.39%
9.27%
16.74%
7.37%
FMILX
1.55%
5.40%
-1.03%
12.35%
17.34%
19.21%
12.35%
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MUHLX vs. FMILX - Expense Ratio Comparison
MUHLX has a 1.14% expense ratio, which is higher than FMILX's 0.59% expense ratio.
Risk-Adjusted Performance
MUHLX vs. FMILX — Risk-Adjusted Performance Rank
MUHLX
FMILX
MUHLX vs. FMILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Muhlenkamp Fund (MUHLX) and Fidelity New Millennium Fund (FMILX). 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
MUHLX vs. FMILX - Dividend Comparison
MUHLX's dividend yield for the trailing twelve months is around 7.49%, more than FMILX's 3.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUHLX Muhlenkamp Fund | 7.49% | 7.91% | 0.89% | 6.80% | 7.77% | 10.28% | 1.26% | 14.70% | 4.30% | 0.00% | 11.02% | 15.21% |
FMILX Fidelity New Millennium Fund | 3.58% | 3.64% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 8.73% | 6.65% | 11.99% | 8.67% |
Drawdowns
MUHLX vs. FMILX - Drawdown Comparison
The maximum MUHLX drawdown since its inception was -62.05%, which is greater than FMILX's maximum drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for MUHLX and FMILX.
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Volatility
MUHLX vs. FMILX - Volatility Comparison
The current volatility for Muhlenkamp Fund (MUHLX) is 2.97%, while Fidelity New Millennium Fund (FMILX) has a volatility of 4.57%. This indicates that MUHLX experiences smaller price fluctuations and is considered to be less risky than FMILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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