Correlation
The correlation between URNQX and FNCMX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
URNQX vs. FNCMX
Compare and contrast key facts about Victory Nasdaq 100 Index Fund R6 Shares (URNQX) and Fidelity NASDAQ Composite Index Fund (FNCMX).
URNQX is a passively managed fund by USAA that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 2, 2017. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: URNQX or FNCMX.
Performance
URNQX vs. FNCMX - Performance Comparison
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Key characteristics
URNQX:
0.62
FNCMX:
0.57
URNQX:
0.92
FNCMX:
0.87
URNQX:
1.13
FNCMX:
1.12
URNQX:
0.60
FNCMX:
0.54
URNQX:
1.94
FNCMX:
1.75
URNQX:
7.04%
FNCMX:
7.42%
URNQX:
25.71%
FNCMX:
26.13%
URNQX:
-35.30%
FNCMX:
-55.08%
URNQX:
-3.61%
FNCMX:
-5.04%
Returns By Period
In the year-to-date period, URNQX achieves a 1.74% return, which is significantly higher than FNCMX's -0.79% return.
URNQX
1.74%
7.92%
2.22%
15.72%
19.70%
17.99%
N/A
FNCMX
-0.79%
8.02%
-0.27%
14.90%
17.59%
15.99%
15.20%
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URNQX vs. FNCMX - Expense Ratio Comparison
URNQX has a 0.30% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
URNQX vs. FNCMX — Risk-Adjusted Performance Rank
URNQX
FNCMX
URNQX vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Nasdaq 100 Index Fund R6 Shares (URNQX) 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.
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Dividends
URNQX vs. FNCMX - Dividend Comparison
URNQX's dividend yield for the trailing twelve months is around 2.27%, more than FNCMX's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URNQX Victory Nasdaq 100 Index Fund R6 Shares | 2.27% | 2.31% | 2.72% | 4.32% | 4.59% | 1.64% | 1.30% | 0.80% | 2.07% | 0.00% | 0.00% | 0.00% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.61% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.73% | 1.01% | 1.54% | 1.30% |
Drawdowns
URNQX vs. FNCMX - Drawdown Comparison
The maximum URNQX drawdown since its inception was -35.30%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for URNQX and FNCMX.
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Volatility
URNQX vs. FNCMX - Volatility Comparison
The current volatility for Victory Nasdaq 100 Index Fund R6 Shares (URNQX) is 5.59%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 6.00%. This indicates that URNQX 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.
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