- ISIN
- US31635T8154
- CUSIP
- 31635T815
- Issuer
- Fidelity
- Inception Date
- Jul 11, 2019
- Category
- Mid Cap Growth Equities
- Min. Investment
- $0
- Index Tracked
- Russell Midcap Growth Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FMDGX Performance Chart
Fidelity Mid Cap Growth Index Fund (FMDGX) is up 3.8% since the beginning of the year. FMDGX is currently trading at $36 per share. Investors who bought $1,000 worth of FMDGX shares 5 years ago would now be looking at an investment worth $1,315.
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Returns By Period
Fidelity Mid Cap Growth Index Fund (FMDGX) has returned 3.82% so far this year and 5.26% over the past 12 months.
Fidelity Mid Cap Growth Index Fund
- 1D
- -0.11%
- 1M
- 1.82%
- YTD
- 3.82%
- 6M
- 1.82%
- 1Y
- 5.26%
- 3Y*
- 15.69%
- 5Y*
- 5.63%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
FMDGX Monthly Returns History
Based on dividend-adjusted daily data since Jul 17, 2019, FMDGX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2020 with a return of +15.6%, while the worst month was Mar 2020 at -15.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FMDGX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.88% | 0.81% | -6.28% | 6.46% | 4.75% | -0.57% | 3.82% | ||||||
| 2025 | 6.36% | -5.69% | -7.43% | 3.34% | 9.57% | 4.37% | 2.02% | 1.00% | -0.27% | -0.27% | -2.14% | -1.32% | 8.60% |
| 2024 | -0.55% | 7.54% | 2.38% | -5.80% | 1.07% | 1.66% | 0.59% | 2.47% | 3.32% | 1.74% | 13.31% | -6.22% | 22.03% |
| 2023 | 8.72% | -0.98% | 1.37% | -1.48% | 0.04% | 7.76% | 2.99% | -3.29% | -4.85% | -5.10% | 12.17% | 7.58% | 25.79% |
| 2022 | -12.89% | -1.20% | 1.60% | -11.25% | -3.85% | -7.47% | 12.26% | -3.29% | -8.50% | 7.91% | 5.42% | -6.01% | -26.67% |
| 2021 | -0.32% | 1.71% | -1.89% | 5.61% | -1.49% | 6.77% | 0.97% | 3.19% | -4.83% | 7.00% | -4.23% | 0.37% | 12.67% |
Benchmark Metrics
Fidelity Mid Cap Growth Index Fund has an annualized alpha of -3.65%, beta of 1.11, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since July 17, 2019.
- This fund participated in 107.29% of S&P 500 Index downside but only 94.40% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.65% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.11 and R2 of 0.84, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.65%
- Beta
- 1.11
- R²
- 0.84
- Upside Capture
- 94.40%
- Downside Capture
- 107.29%
Expense Ratio
FMDGX has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
FMDGX ranks 5 for risk / return — in the bottom 5% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Mid Cap Growth Index Fund (FMDGX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMDGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.32 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.46 | -2.04 |
| Martin ratioReturn relative to average drawdown | 1.20 | 10.92 | -9.72 |
Dividends
Dividend History
Fidelity Mid Cap Growth Index Fund provided a 1.79% dividend yield over the last twelve months, with an annual payout of $0.65 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.65 | $0.65 | $0.15 | $0.17 | $0.18 | $1.91 | $0.10 | $0.06 |
Dividend yield | 1.79% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Mid Cap Growth Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.00 | $0.09 | $0.65 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.08 | $0.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.09 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.09 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.72 | $0.00 | $0.00 | $0.00 | $0.19 | $1.91 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Mid Cap Growth Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Mid Cap Growth Index Fund was 38.59%, occurring on Jun 16, 2022. Recovery took 583 trading sessions.
The current Fidelity Mid Cap Growth Index Fund drawdown is 2.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -38.59%Jun 2022 | 7mo 1d | 2y 3mo | 2y 10moNov 2021 - Oct 2024 |
COVID crash2020 | -35.94%Mar 2020 | 1mo 2d | 3mo 17d | 4mo 19dFeb 2020 - Jul 2020 |
2025 selloff2025 | -25.30%Apr 2025 | 1mo 18d | 2mo 26d | 4mo 14dFeb 2025 - Jul 2025 |
2026 correction2026 | -14.75%Mar 2026 | 5mo 3d | — | 7mo 29dOct 2025 - now |
2021 correction2021 | -13.36%Mar 2021 | 20d | 3mo 18d | 4mo 8dFeb 2021 - Jun 2021 |
Drawdown Indicators
| FMDGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.59% | -56.78% | +18.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.75% | -9.10% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -25.30% | -18.90% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -38.59% | -25.43% | -13.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.08% | -3.21% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -11.14% | -10.71% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 2.04% | +3.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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