Fidelity Total Competition
| FSKAX Fund | USD 181.30 -0.35 -0.19% |
Pair Correlation for Fidelity Total and Vanguard Target Overview
Poor diversification
FSKAX currently posts a 0.65 correlation with VTIVX, indicating a Poor diversification relationship for the active sample. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.
Moving together with Fidelity Mutual Fund
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Total's price to converge to an average value over time is called mean reversion.
Fidelity Total Competition Correlation Matrix
Reviewing how Fidelity Total Market moves relative to competing funds can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Fidelity Mutual Fund performing well and Fidelity Total Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fidelity Total's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VB | 0.77 | 0.07 | 0.00 | -0.02 | 0.00 | 1.39 | 5.30 | |||
| VWELX | 0.41 | -0.01 | 0.00 | -0.10 | 0.00 | 0.73 | 2.23 | |||
| JLGRX | 0.77 | -0.08 | 0.00 | -0.19 | 0.00 | 1.25 | 4.14 | |||
| VTTHX | 0.43 | 0.04 | 0.00 | -0.02 | 0.00 | 0.65 | 2.89 | |||
| TRBCX | 0.84 | -0.09 | 0.00 | -0.20 | 0.00 | 1.32 | 4.01 | |||
| FSMAX | 0.84 | 0.02 | 0.00 | -0.07 | 0.00 | 1.31 | 5.75 | |||
| VTHRX | 0.38 | 0.03 | 0.00 | -0.03 | 0.00 | 0.59 | 2.59 | |||
| AEPFX | 0.76 | 0.06 | 0.00 | -0.01 | 0.00 | 1.60 | 6.18 | |||
| VFORX | 0.47 | 0.04 | 0.00 | -0.02 | 0.00 | 0.70 | 3.20 | |||
| VTIVX | 0.51 | 0.04 | 0.00 | -0.02 | 0.00 | 0.75 | 3.47 |
Fidelity Total Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Fidelity Total Competition Peer Performance Charts
How to Analyze Fidelity Total Against Peers
Fidelity Total's peer analysis compares Fidelity Total with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Fidelity Total trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Fidelity Total leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
The competition view for Fidelity Total includes correlation data, so you can see not only which peers are financially similar but also which ones move together in the market. Relative comparison helps show where Fidelity Total is stronger or weaker against peers.
Unless otherwise specified, data for Fidelity Total Market is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.