Find Similar Funds compares each fund with all other funds in its investment category. For example, if a fund's category is listed as large growth then it will be compared only with other large-growth funds. Depending on the specific ticker you input, we may screen on additional criteria, too. For example, if you input a market-neutral fund, Similar Funds will only consider other market-neutral funds in its results.
Note: In the results, we only show the oldest share class of a fund. If you don't like that share class' fee structure, you should check to see if there are others more to your liking that are available.
Portfolio Similarity
The portfolio similarity score is determined by comparing various attributes of each fund's most recent portfolio. The exact attributes vary depending on the type of fund being compared. For domestic-stock funds, for example, we look at the following portfolio data: asset allocation, weightings in top three sectors, percent of assets in top-10 holdings, fund turnover, median market cap, and P/E. Funds are scored from 0 to 10, with 10 being the most similar. Funds with incomplete portfolio data may have their portfolio similarity score excluded or penalized by these calculations.
Performance Similarity
The performance similarity score is determined by comparing the past three years of monthly returns. Each fund's performance is compared with the performance of all other funds in that same investment category. This score ranges from 0 to 10, with 10 being the most similar. Funds with incomplete performance data are given a performance similarity score of 0.
Overall Similarity
We combine the portfolio and performance similarity scores to arrive at the overall similarity score.