SPAXX vs. FNCMX
Compare and contrast key facts about Fidelity Government Money Market Fund (SPAXX) and Fidelity NASDAQ Composite Index Fund (FNCMX).
SPAXX is managed by Fidelity. It was launched on Feb 5, 1990. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAXX or FNCMX.
Key characteristics
| SPAXX | FNCMX | |
|---|---|---|
| YTD Return | 0.86% | 18.04% |
| 1Y Return | 2.11% | 29.74% |
| 3Y Return (Ann) | 2.26% | 6.52% |
| 5Y Return (Ann) | 1.49% | 17.65% |
| 10Y Return (Ann) | 0.78% | 15.45% |
| Sharpe Ratio | 2.71 | 1.67 |
| Daily Std Dev | 1.00% | 17.81% |
| Max Drawdown | 0.00% | -55.08% |
| Current Drawdown | 0.00% | -5.33% |
Correlation
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 18.04% return. Over the past 10 years, SPAXX has underperformed FNCMX with an annualized return of 0.78%, while FNCMX has yielded a comparatively higher 15.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPAXX vs. FNCMX - Expense Ratio Comparison
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.
Dividends
SPAXX vs. FNCMX - Dividend Comparison
SPAXX's dividend yield for the trailing twelve months is around 4.99%, more than FNCMX's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPAXX Fidelity Government Money Market Fund | 4.99% | 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 | 0.56% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.73% | 1.01% | 0.89% | 1.24% | 1.61% |
Drawdowns
SPAXX vs. FNCMX - Drawdown Comparison
The maximum SPAXX drawdown since its inception was 0.00%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for SPAXX and FNCMX. For additional features, visit the drawdowns tool.
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 6.05%. 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.