Correlation
The correlation between PWS and FDFIX is 0.51, 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.
PWS vs. FDFIX
Compare and contrast key facts about Pacer WealthShield ETF (PWS) and Fidelity Flex 500 Index Fund (FDFIX).
PWS is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer WealthShield Index. It was launched on Dec 11, 2017. 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: PWS or FDFIX.
Performance
PWS vs. FDFIX - Performance Comparison
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Key characteristics
PWS:
0.54
FDFIX:
0.73
PWS:
0.63
FDFIX:
1.04
PWS:
1.08
FDFIX:
1.15
PWS:
0.30
FDFIX:
0.69
PWS:
0.98
FDFIX:
2.62
PWS:
4.72%
FDFIX:
4.93%
PWS:
11.53%
FDFIX:
19.78%
PWS:
-24.93%
FDFIX:
-33.77%
PWS:
-10.36%
FDFIX:
-3.43%
Returns By Period
In the year-to-date period, PWS achieves a -2.06% return, which is significantly lower than FDFIX's 1.03% return.
PWS
-2.06%
-2.81%
-5.56%
5.70%
0.51%
6.22%
N/A
FDFIX
1.03%
5.64%
-1.39%
13.51%
14.41%
15.95%
N/A
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PWS vs. FDFIX - Expense Ratio Comparison
PWS has a 0.60% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
PWS vs. FDFIX — Risk-Adjusted Performance Rank
PWS
FDFIX
PWS vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer WealthShield ETF (PWS) 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
PWS vs. FDFIX - Dividend Comparison
PWS's dividend yield for the trailing twelve months is around 1.46%, more than FDFIX's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
PWS Pacer WealthShield ETF | 1.46% | 1.34% | 2.21% | 1.46% | 0.94% | 0.53% | 1.77% | 1.16% | 0.00% |
FDFIX Fidelity Flex 500 Index Fund | 1.27% | 1.26% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% |
Drawdowns
PWS vs. FDFIX - Drawdown Comparison
The maximum PWS drawdown since its inception was -24.93%, smaller than the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for PWS and FDFIX.
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Volatility
PWS vs. FDFIX - Volatility Comparison
The current volatility for Pacer WealthShield ETF (PWS) is 3.53%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 4.78%. This indicates that PWS 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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