WFRPX vs. FDFIX
Compare and contrast key facts about Wealthfront Risk Parity Fund Class W (WFRPX) and Fidelity Flex 500 Index Fund (FDFIX).
WFRPX is managed by Wealthfront. It was launched on Jan 22, 2018. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WFRPX or FDFIX.
Correlation
The correlation between WFRPX and FDFIX is 0.71, 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.
Performance
WFRPX vs. FDFIX - Performance Comparison
Key characteristics
WFRPX:
0.35
FDFIX:
1.97
WFRPX:
0.53
FDFIX:
2.64
WFRPX:
1.07
FDFIX:
1.36
WFRPX:
0.14
FDFIX:
2.99
WFRPX:
0.87
FDFIX:
12.37
WFRPX:
4.27%
FDFIX:
2.04%
WFRPX:
10.68%
FDFIX:
12.81%
WFRPX:
-42.76%
FDFIX:
-33.77%
WFRPX:
-23.91%
FDFIX:
0.00%
Returns By Period
In the year-to-date period, WFRPX achieves a -0.39% return, which is significantly lower than FDFIX's 4.11% return.
WFRPX
-0.39%
0.00%
-5.41%
2.01%
-5.29%
N/A
FDFIX
4.11%
2.07%
9.73%
23.80%
14.37%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WFRPX vs. FDFIX - Expense Ratio Comparison
WFRPX has a 0.25% expense ratio, which is higher than FDFIX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
WFRPX vs. FDFIX — Risk-Adjusted Performance Rank
WFRPX
FDFIX
WFRPX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wealthfront Risk Parity Fund Class W (WFRPX) and Fidelity Flex 500 Index Fund (FDFIX). 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
WFRPX vs. FDFIX - Dividend Comparison
WFRPX's dividend yield for the trailing twelve months is around 5.20%, more than FDFIX's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
WFRPX Wealthfront Risk Parity Fund Class W | 5.20% | 5.18% | 4.86% | 1.31% | 0.00% | 0.29% | 1.57% | 1.33% | 0.00% |
FDFIX Fidelity Flex 500 Index Fund | 1.21% | 1.26% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% |
Drawdowns
WFRPX vs. FDFIX - Drawdown Comparison
The maximum WFRPX drawdown since its inception was -42.76%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for WFRPX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
WFRPX vs. FDFIX - Volatility Comparison
The current volatility for Wealthfront Risk Parity Fund Class W (WFRPX) is 0.00%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 3.21%. This indicates that WFRPX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.