Correlation
The correlation between MWATX and FDFIX is 0.94, 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.
MWATX vs. FDFIX
Compare and contrast key facts about Metropolitan West AlphaTrak 500 Fund (MWATX) and Fidelity Flex 500 Index Fund (FDFIX).
MWATX is managed by Metropolitan West Funds. It was launched on Jun 29, 1998. 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: MWATX or FDFIX.
Performance
MWATX vs. FDFIX - Performance Comparison
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Key characteristics
Returns By Period
MWATX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
FDFIX
1.03%
5.64%
-1.39%
13.51%
14.41%
15.95%
N/A
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MWATX vs. FDFIX - Expense Ratio Comparison
MWATX has a 0.47% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
MWATX vs. FDFIX — Risk-Adjusted Performance Rank
MWATX
FDFIX
MWATX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West AlphaTrak 500 Fund (MWATX) 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
MWATX vs. FDFIX - Dividend Comparison
MWATX has not paid dividends to shareholders, while FDFIX's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWATX Metropolitan West AlphaTrak 500 Fund | 117.04% | 118.15% | 5.33% | 4.36% | 30.49% | 7.87% | 9.52% | 2.01% | 0.77% | 2.07% | 0.11% | 1.09% |
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
MWATX vs. FDFIX - Drawdown Comparison
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Volatility
MWATX vs. FDFIX - Volatility Comparison
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