Correlation
The correlation between WFRPX and FDFIX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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.
Performance
WFRPX vs. FDFIX - Performance Comparison
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Key characteristics
Returns By Period
WFRPX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
FDFIX
1.47%
4.53%
-1.19%
14.00%
14.77%
15.45%
N/A
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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.
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Dividends
WFRPX vs. FDFIX - Dividend Comparison
WFRPX has not paid dividends to shareholders, while FDFIX's dividend yield for the trailing twelve months is around 1.26%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
WFRPX Wealthfront Risk Parity Fund Class W | 3.87% | 5.18% | 4.86% | 1.31% | 0.00% | 0.29% | 1.57% | 1.33% | 0.00% |
FDFIX Fidelity Flex 500 Index Fund | 1.26% | 1.26% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% |
Drawdowns
WFRPX vs. FDFIX - Drawdown Comparison
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Volatility
WFRPX vs. FDFIX - Volatility Comparison
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