PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
SPAXX vs. FNCMX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SPAXXFNCMX
YTD Return0.86%29.16%
1Y Return1.27%40.99%
3Y Return (Ann)2.28%7.82%
5Y Return (Ann)1.44%18.10%
10Y Return (Ann)0.78%15.63%
Sharpe Ratio2.272.33
Ulcer Index0.00%3.49%
Daily Std Dev0.79%17.48%
Max Drawdown0.00%-55.71%
Current Drawdown0.00%-0.09%

Correlation

-0.50.00.51.0-0.0

The correlation between SPAXX and FNCMX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

SPAXX vs. FNCMX - Performance Comparison

In the year-to-date period, SPAXX achieves a 0.86% return, which is significantly lower than FNCMX's 29.16% return. Over the past 10 years, SPAXX has underperformed FNCMX with an annualized return of 0.78%, while FNCMX has yielded a comparatively higher 15.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember0
15.51%
SPAXX
FNCMX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SPAXX vs. FNCMX - Expense Ratio Comparison


FNCMX
Fidelity NASDAQ Composite Index Fund
Expense ratio chart for FNCMX: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Risk-Adjusted Performance

SPAXX vs. FNCMX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Money Market Fund (SPAXX) 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.


SPAXX
Sharpe ratio
The chart of Sharpe ratio for SPAXX, currently valued at 1.75, compared to the broader market0.002.004.001.75
Sortino ratio
No data
FNCMX
Sharpe ratio
The chart of Sharpe ratio for FNCMX, currently valued at 2.16, compared to the broader market0.002.004.002.16
Sortino ratio
The chart of Sortino ratio for FNCMX, currently valued at 2.81, compared to the broader market0.005.0010.002.82
Omega ratio
The chart of Omega ratio for FNCMX, currently valued at 1.39, compared to the broader market1.002.003.004.001.39
Calmar ratio
The chart of Calmar ratio for FNCMX, currently valued at 2.85, compared to the broader market0.005.0010.0015.0020.002.85
Martin ratio
The chart of Martin ratio for FNCMX, currently valued at 10.70, compared to the broader market0.0020.0040.0060.0080.00100.0010.70

SPAXX vs. FNCMX - Sharpe Ratio Comparison

The current SPAXX Sharpe Ratio is 2.27, which is comparable to the FNCMX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of SPAXX and FNCMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.75
2.16
SPAXX
FNCMX

Dividends

SPAXX vs. FNCMX - Dividend Comparison

SPAXX's dividend yield for the trailing twelve months is around 4.93%, more than FNCMX's 0.52% yield.


TTM20232022202120202019201820172016201520142013
SPAXX
Fidelity Government Money Market Fund
4.93%4.68%1.30%0.01%0.26%0.98%0.00%0.00%0.00%0.00%0.00%0.00%
FNCMX
Fidelity NASDAQ Composite Index Fund
0.52%0.67%0.88%0.47%0.67%0.97%0.94%0.70%0.91%0.89%0.80%0.72%

Drawdowns

SPAXX vs. FNCMX - Drawdown Comparison

The maximum SPAXX drawdown since its inception was 0.00%, smaller than the maximum FNCMX drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for SPAXX and FNCMX. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.09%
SPAXX
FNCMX

Volatility

SPAXX vs. FNCMX - Volatility Comparison

The current volatility for Fidelity Government Money Market Fund (SPAXX) is 0.00%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 5.29%. This indicates that SPAXX experiences smaller price fluctuations and is considered to be less risky than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember0
5.29%
SPAXX
FNCMX