WIT vs. FXAIX
Compare and contrast key facts about Wipro Limited (WIT) and Fidelity 500 Index Fund (FXAIX).
FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WIT or FXAIX.
Correlation
The correlation between WIT and FXAIX is 0.48, 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.
Performance
WIT vs. FXAIX - Performance Comparison
Key characteristics
WIT:
0.53
FXAIX:
1.87
WIT:
0.90
FXAIX:
2.52
WIT:
1.12
FXAIX:
1.34
WIT:
0.32
FXAIX:
2.83
WIT:
1.69
FXAIX:
11.72
WIT:
8.98%
FXAIX:
2.04%
WIT:
28.44%
FXAIX:
12.76%
WIT:
-74.86%
FXAIX:
-33.79%
WIT:
-23.78%
FXAIX:
-0.42%
Returns By Period
In the year-to-date period, WIT achieves a 4.58% return, which is significantly higher than FXAIX's 4.19% return. Over the past 10 years, WIT has underperformed FXAIX with an annualized return of 4.41%, while FXAIX has yielded a comparatively higher 13.09% annualized return.
WIT
4.58%
5.17%
20.59%
20.01%
14.85%
4.41%
FXAIX
4.19%
1.25%
10.54%
24.46%
14.70%
13.09%
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Risk-Adjusted Performance
WIT vs. FXAIX — Risk-Adjusted Performance Rank
WIT
FXAIX
WIT vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wipro Limited (WIT) and Fidelity 500 Index Fund (FXAIX). 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
WIT vs. FXAIX - Dividend Comparison
WIT's dividend yield for the trailing twelve months is around 1.89%, more than FXAIX's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIT Wipro Limited | 1.89% | 0.30% | 0.22% | 3.03% | 0.12% | 0.50% | 0.28% | 0.30% | 0.27% | 0.91% | 1.65% | 8.86% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
WIT vs. FXAIX - Drawdown Comparison
The maximum WIT drawdown since its inception was -74.86%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for WIT and FXAIX. For additional features, visit the drawdowns tool.
Volatility
WIT vs. FXAIX - Volatility Comparison
Wipro Limited (WIT) has a higher volatility of 6.30% compared to Fidelity 500 Index Fund (FXAIX) at 3.00%. This indicates that WIT's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.