PVH vs. FNCMX

Last updated Jun 5, 2026

PVH (PVH Corp.) is a stock, while FNCMX (Fidelity NASDAQ Composite Index Fund) is Large Cap Growth Equities fund tracking the Nasdaq Composite Index. Over the past 10 years, PVH returned -1.97%/yr vs 19.34%/yr for FNCMX. At a 0.50 correlation, their price movements are largely independent.

Performance

PVH vs. FNCMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PVH Corp. (PVH) and Fidelity NASDAQ Composite Index Fund (FNCMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PVH achieves a 16.73% return, which is significantly higher than FNCMX's 15.79% return. Over the past 10 years, PVH has underperformed FNCMX with an annualized return of -1.97%, while FNCMX has yielded a comparatively higher 19.34% annualized return.

PVH

• 1D: -20.24%
• 1M: -11.47%
• YTD: 16.73%
• 6M: 1.39%
• 1Y: -3.10%
• 3Y*: 0.70%
• 5Y*: -6.45%
• 10Y*: -1.97%

FNCMX

• 1D: -0.88%
• 1M: 6.11%
• YTD: 15.79%
• 6M: 14.55%
• 1Y: 38.83%
• 3Y*: 27.53%
• 5Y*: 15.16%
• 10Y*: 19.34%

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

PVH vs. FNCMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PVH PVH Corp.	16.73%	-36.50%	-13.29%	73.32%	-33.66%	13.63%	-10.61%	13.30%	-32.18%	52.26%
FNCMX Fidelity NASDAQ Composite Index Fund	15.79%	21.11%	29.48%	45.13%	-32.40%	22.21%	44.57%	36.63%	-3.07%	28.35%

Correlation

The correlation between PVH and FNCMX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 9, 2003	0.50

Over the past year, the correlation between PVH and FNCMX has dropped to 0.26 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

PVH vs. FNCMX — Risk / Return Rank

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

PVH

PVH Risk / Return Rank: 38
PVH Sharpe Ratio Rank: 39
PVH Sortino Ratio Rank: 36
PVH Omega Ratio Rank: 37
PVH Calmar Ratio Rank: 39
PVH Martin Ratio Rank: 38

FNCMX

FNCMX Risk / Return Rank: 61
FNCMX Sharpe Ratio Rank: 68
FNCMX Sortino Ratio Rank: 57
FNCMX Omega Ratio Rank: 56
FNCMX Calmar Ratio Rank: 62
FNCMX Martin Ratio Rank: 60

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.

PVH vs. FNCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PVH Corp. (PVH) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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.

	PVH	FNCMX	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	2.43	-2.49
Sortino ratio: Return per unit of downside risk	0.25	3.19	-2.94
Omega ratio: Gain probability vs. loss probability	1.04	1.42	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.10	3.03	-3.13
Martin ratio: Return relative to average drawdown	-0.20	11.93	-12.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PVH vs. FNCMX - Sharpe Ratio Comparison

The current PVH Sharpe Ratio is -0.06, which is lower than the FNCMX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of PVH and FNCMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PVH	FNCMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.06	2.43	-2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.68	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.04	0.88	-0.92
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.58	-0.45

Drawdowns

PVH vs. FNCMX - Drawdown Comparison

The maximum PVH drawdown since its inception was -85.13%, which is greater than FNCMX's maximum drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for PVH and FNCMX.

Drawdown Indicators

	PVH	FNCMX	Difference
Max Drawdown Largest peak-to-trough decline	-85.13%	-55.08%	-30.05%
Max Drawdown (1Y) Largest decline over 1 year	-31.93%	-13.01%	-18.92%
Max Drawdown (3Y) Largest decline over 3 years	-56.90%	-24.20%	-32.70%
Max Drawdown (5Y) Largest decline over 5 years	-63.58%	-35.64%	-27.94%
Max Drawdown (10Y) Largest decline over 10 years	-82.67%	-35.64%	-47.03%
Current Drawdown Current decline from peak	-52.96%	-0.88%	-52.08%
Average Drawdown Average peak-to-trough decline	-37.03%	-7.86%	-29.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.79%	3.30%	+13.49%

Volatility

PVH vs. FNCMX - Volatility Comparison

PVH Corp. (PVH) has a higher volatility of 27.53% compared to Fidelity NASDAQ Composite Index Fund (FNCMX) at 4.27%. This indicates that PVH's price experiences larger fluctuations and is considered to be riskier than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVH	FNCMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.53%	4.27%	+23.26%
Volatility (6M) Calculated over the trailing 6-month period	39.58%	12.14%	+27.44%
Volatility (1Y) Calculated over the trailing 1-year period	49.50%	16.25%	+33.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.84%	22.46%	+25.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.12%	22.05%	+27.07%

Dividends

PVH vs. FNCMX - Dividend Comparison

PVH's dividend yield for the trailing twelve months is around 0.19%, less than FNCMX's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNCMX Fidelity NASDAQ Composite Index Fund	0.44%	0.51%	0.61%	0.67%	0.88%	0.47%	0.67%	4.41%	1.93%	0.03%	1.01%	1.50%
PVH PVH Corp.	0.19%	0.22%	0.14%	0.12%	0.21%	0.04%	0.04%	0.14%	0.16%	0.11%	0.17%	0.20%

Frequently Asked Questions

Can I hold both PVH and FNCMX in my portfolio?

PVH and FNCMX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PVH or FNCMX?

PVH has higher volatility (27.53%) compared to FNCMX (4.27%). In terms of maximum drawdown, PVH dropped -85.13% vs FNCMX's -55.08%.

Which has better risk-adjusted returns?

FNCMX currently has the higher Sharpe Ratio (2.43 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.