| FDN | |
|---|---|
| Total return | +255.1% |
| Annualised (CAGR) | +13.5% |
| Volatility (annualised) | +21.5% |
| Sharpe (rf = 0) | 0.63 |
| Deepest drawdown | -54.0% |
| Drawdown peak → trough | 2021-09-07 → 2022-11-09 |
| Rebalancing (from its prospectus) | Quarterly |
Rebalancing: per the fund's prospectus summary, its index is rebalanced quarterly. That schedule is set by the index provider, not by a view on where the market is going — and it says nothing about how often you should rebalance a portfolio; that side is covered in how often index funds rebalance.
Over the 10.0 years to 2026-09-29 the fund returned +255.1% in total (+13.5% a year), with a deepest drawdown of -54.0% from 2021-09-07 to 2022-11-09. Its worst calendar year was 2022 (-45.5%), its best 2020 (+52.6%).
| Year | FDN |
|---|---|
| 2026 | +6.9% |
| 2025 | +10.7% |
| 2024 | +30.4% |
| 2023 | +51.5% |
| 2022 | -45.5% |
| 2021 | +6.5% |
| 2020 | +52.6% |
| 2019 | +19.3% |
| 2018 | +6.2% |
| 2017 | +37.6% |
| 2016 | -1.4% |
+255.1% in total, which works out to +13.5% a year over the 10 years to 2026-09-29. Both figures assume dividends were reinvested and the fund's own fees were already deducted, so they are what an investor would have kept — before tax.
2022 — its calendar-year return was -45.5% (net of fees, dividends reinvested). Its best year was 2020 (+52.6%).
-54.0%, from a peak on 2021-09-07 to a trough on 2022-11-09. From that trough it took 756 days (about 24.8 months) to climb back to the earlier peak.
It does not say FDN is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -54.0% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.