SPAXX vs. FNCMX

In the year-to-date period, SPAXX achieves a 0.86% return, which is significantly lower than FNCMX's 27.36% return. Over the past 10 years, SPAXX has underperformed FNCMX with an annualized return of 0.78%, while FNCMX has yielded a comparatively higher 15.28% annualized return.

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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.

The current SPAXX Sharpe Ratio is 2.27, which is comparable to the FNCMX Sharpe Ratio of 1.95. 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.

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

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.

The current volatility for Fidelity Government Money Market Fund (SPAXX) is 0.00%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 5.54%. 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.