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SPAXX vs. FNCMX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPAXX and FNCMX is -0.02. 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.


-0.50.00.51.0
Correlation: -0.0

Performance

SPAXX vs. FNCMX - Performance Comparison

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

0.00%200.00%400.00%600.00%800.00%1,000.00%1,200.00%NovemberDecember2025FebruaryMarchApril
13.58%
932.48%
SPAXX
FNCMX

Key characteristics

Sharpe Ratio

SPAXX:

3.22

FNCMX:

0.46

Ulcer Index

SPAXX:

0.00%

FNCMX:

6.85%

Daily Std Dev

SPAXX:

1.34%

FNCMX:

25.76%

Max Drawdown

SPAXX:

0.00%

FNCMX:

-55.71%

Current Drawdown

SPAXX:

0.00%

FNCMX:

-14.79%

Returns By Period

In the year-to-date period, SPAXX achieves a 0.65% return, which is significantly higher than FNCMX's -10.98% return. Over the past 10 years, SPAXX has underperformed FNCMX with an annualized return of 1.28%, while FNCMX has yielded a comparatively higher 13.45% annualized return.


SPAXX

YTD

0.65%

1M

0.00%

6M

1.76%

1Y

4.32%

5Y*

2.31%

10Y*

1.28%

FNCMX

YTD

-10.98%

1M

-6.05%

6M

-6.54%

1Y

9.92%

5Y*

15.75%

10Y*

13.45%

*Annualized

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


Expense ratio chart for FNCMX: current value is 0.29%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FNCMX: 0.29%

Risk-Adjusted Performance

SPAXX vs. FNCMX — Risk-Adjusted Performance Rank

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

SPAXX

FNCMX
The Risk-Adjusted Performance Rank of FNCMX is 5858
Overall Rank
The Sharpe Ratio Rank of FNCMX is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of FNCMX is 5757
Sortino Ratio Rank
The Omega Ratio Rank of FNCMX is 5757
Omega Ratio Rank
The Calmar Ratio Rank of FNCMX is 6565
Calmar Ratio Rank
The Martin Ratio Rank of FNCMX is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for SPAXX, currently valued at 3.22, compared to the broader market-1.000.001.002.003.00
SPAXX: 3.22
FNCMX: 0.33

The current SPAXX Sharpe Ratio is 3.22, which is higher than the FNCMX Sharpe Ratio of 0.46. 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 Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
3.22
0.33
SPAXX
FNCMX

Dividends

SPAXX vs. FNCMX - Dividend Comparison

SPAXX's dividend yield for the trailing twelve months is around 4.56%, more than FNCMX's 0.68% yield.


TTM20242023202220212020201920182017201620152014
SPAXX
Fidelity Government Money Market Fund
4.56%4.81%4.68%1.30%0.01%0.26%0.98%0.00%0.00%0.00%0.00%0.00%
FNCMX
Fidelity NASDAQ Composite Index Fund
0.68%0.61%0.67%0.88%0.47%0.67%0.97%0.94%0.70%0.91%0.89%0.80%

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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril0
-14.79%
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 17.13%. 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%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril0
17.13%
SPAXX
FNCMX