XDN0.L vs. FNORX
Compare and contrast key facts about Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) and Fidelity Nordic Fund (FNORX).
XDN0.L is a passively managed fund by Xtrackers that tracks the performance of the MSCI Nordic Countries NR EUR. It was launched on Sep 4, 2013. FNORX is managed by Fidelity. It was launched on Nov 1, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XDN0.L or FNORX.
Key characteristics
| XDN0.L | FNORX | |
|---|---|---|
| YTD Return | 7.06% | 12.41% |
| 1Y Return | 19.23% | 26.92% |
| 3Y Return (Ann) | 5.99% | 2.85% |
| 5Y Return (Ann) | 12.62% | 13.94% |
| 10Y Return (Ann) | 12.92% | 8.73% |
| Sharpe Ratio | 1.36 | 1.74 |
| Daily Std Dev | 14.10% | 15.13% |
| Max Drawdown | -24.85% | -68.29% |
| Current Drawdown | -5.16% | -2.30% |
Correlation
The correlation between XDN0.L and FNORX is 0.66, 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
XDN0.L vs. FNORX - Performance Comparison
In the year-to-date period, XDN0.L achieves a 7.06% return, which is significantly lower than FNORX's 12.41% return. Over the past 10 years, XDN0.L has outperformed FNORX with an annualized return of 12.92%, while FNORX has yielded a comparatively lower 8.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XDN0.L vs. FNORX - Expense Ratio Comparison
XDN0.L has a 0.30% expense ratio, which is lower than FNORX's 0.92% expense ratio.
Risk-Adjusted Performance
XDN0.L vs. FNORX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) and Fidelity Nordic Fund (FNORX). 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
XDN0.L vs. FNORX - Dividend Comparison
XDN0.L's dividend yield for the trailing twelve months is around 2.49%, more than FNORX's 0.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDN0.L Xtrackers MSCI Nordic UCITS ETF 1D | 2.49% | 2.51% | 4.53% | 1.09% | 4.82% | 4.18% | 1.05% | 2.34% | 1.52% | 0.00% | 3.16% | 0.00% |
FNORX Fidelity Nordic Fund | 0.04% | 0.05% | 0.00% | 14.85% | 3.29% | 4.59% | 10.78% | 4.07% | 1.71% | 1.32% | 0.00% | 7.72% |
Drawdowns
XDN0.L vs. FNORX - Drawdown Comparison
The maximum XDN0.L drawdown since its inception was -24.85%, smaller than the maximum FNORX drawdown of -68.29%. Use the drawdown chart below to compare losses from any high point for XDN0.L and FNORX. For additional features, visit the drawdowns tool.
Volatility
XDN0.L vs. FNORX - Volatility Comparison
Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) has a higher volatility of 4.33% compared to Fidelity Nordic Fund (FNORX) at 3.98%. This indicates that XDN0.L's price experiences larger fluctuations and is considered to be riskier than FNORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.