FNDSX vs NUXIX Fund Comparison

A comparison between FNDSX and NUXIX based on their expense ratio, growth, holdings and how well they match their benchmark performance.

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Minafi's Take on FNDSX vs NUXIX

Here's an in depth look at the differences between Fidelity® Sustainability Bond Index Fund ($FNDSX) and Rational NuWave Enhanced Market Opportunity Fund Institutional Shares ($NUXIX).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

65% FI Score
  • fndsx
  • Mutual Fund
  • Bond
  • Total US Bond Market

Fidelity® Sustainability Bond Index Fund

Expenses: 0.10% (Better than 1% of similar funds)

This is an OK choice for a Total US Bond Market Bond fund. See why »

10% FI Score
  • nuxix
  • Mutual Fund
  • Allocation
  • All-In-One

Rational NuWave Enhanced Market Opportunity Fund Institutional Shares

Expenses: 1.99% (Better than 0% of similar funds)

This is a bad choice for a All-In-One Allocation fund. See why »

Both $FNDSX and $NUXIX are categorized as Mutual Funds. Mutual funds are often offered by 401(k) platforms and are essentially the same as ETFs. Mutual funds are generally offered by an investment platform – Fidelity has Fidelity mutual funds, Vanguard has Vanguard mutual funds. Mutual funds are ideal for retirement investing since you can invest any amount. That allows you to invest every last cent and benefit from the market.

The biggest disadvantage of mutual funds is that you're usually limited to the funds on your investment platform. If you're investing on Fidelity, you'll want to pick Fidelity mutual funds (or any ETF). Same with Vanguard. Some platforms offer mutual funds from other platforms, but they may charge a purchse or redemption fee. I'd recommend using the same platform as your funds – or stick to ETFs.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

FNDSX NUXIX
Market Score 1.7 /10 0.8 /10
Category Score 10.0 /10 5.0 /10
Total 11.7 5.8

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $FNDSX

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, FNDSX has an expense ratio of 0.10% while NUXIX has an expense ratio of 1.99%.

Winner: $FNDSX

Fund Size Comparison

Both FNDSX and NUXIX have a similar number of assets under management. FNDSX has 121 Million in assets under management, while NUXIX has 23.1 Million.

Minafi categorizes both of these funds as small funds. Fund size is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

Winner: tie

Which Should You Choose? FNDSX or NUXIX?

Comparing these two funds isn't an apples to apples comparison. FNDSX is a Bond Total US Bond Market fund, while NUXIX is a Allocation All-In-One fund.

If you're aiming to build a diversified, low-fee, tax-optimized portfolio you likely won't be choosing between these two funds since they're different enough.

Running both of these funds through Minafi's FI Score algorithm, gives FNDSX a score of 65 and NUXIX a score of 10.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$FNDSX

Fidelity® Sustainability Bond Index Fund

65

Read More
Ratings
Rating Type Rating
Expense Ratio Score 10 /10
Expense Rating 9 /10
Market Score 2 /10
Category Score 10 /10
Overview
Overview Details
Fund Type Mutual Fund
Inception Date Jun-19-2018
Exchange NMFQS
Expense Ratio 0.100%
Net Assets 121 Million
Yield 2.37%
Holdings
Description Info
Market Bond
Category Total US Bond Market
Sectors
  • Agency MBS ARM 0.00%
  • Agency MBS CMO 0.53%
  • Agency MBS Pass-Through 23.29%
  • Asset-Backed 0.03%
  • Bank Loan 0.00%
  • Cash & Equivalents 4.68%
  • Commercial MBS 0.86%
  • Convertible 1.03%
  • Corporate 21.63%
  • Corporate Bond 20.59%
  • Covered Bond 0.00%
  • Government 48.84%
  • Municipal 0.15%
  • Non-Agency Residential MBS 0.00%
  • Non-U.S. Government 1.55%
  • Other 0.00%
  • Other Government Related 3.81%
  • Preferred 0.00%
  • Securitized 24.70%
  • U.S. Agency 1.26%
  • U.S. Treasury 42.22%
  • U.S. Treasury Inflation-Protected 0.00%

$NUXIX

Rational NuWave Enhanced Market Opportunity Fund Institutional Shares

10

Read More
Ratings
Rating Type Rating
Expense Ratio Score 0 /10
Expense Rating 0 /10
Market Score 1 /10
Category Score 5 /10
Overview
Overview Details
Fund Type Mutual Fund
Inception Date Feb-28-2018
Exchange NMFQS
Expense Ratio 1.990%
Net Assets 23.1 Million
Yield 0.74%
Holdings
Description Info
Market Allocation
Category All-In-One
Sectors
  • Basic Materials 2.09%
  • Communication Services 10.74%
  • Consumer Cyclical 9.61%
  • Consumer Defensive 8.13%
  • Energy 2.65%
  • Financial Services 13.79%
  • Healthcare 15.55%
  • Industrials 8.70%
  • Real Estate 3.00%
  • Technology 22.18%
  • Utilities 3.56%
Regions
  • Asia Developed 0.05%
  • Europe Developed 0.56%
  • Europe Emerging 0.01%
  • North America 98.74%
  • United Kingdom 0.64%

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