Fidelity Mid Cap Growth Index Fund (FMDGX) belongs to the Mid Cap Growth Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FMDGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMDGX
FMDGX charges 0.05% annually. There are 3 mutual funds in the Mid Cap Growth Equities category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Small/Mid Cap Equity Index Portfolio | 0.02% | — | Aug 2015 | FMDGX vs SSMHX | |
| Fidelity Extended Market Index Fund | 0.04% | — | — | FMDGX vs FSMAX | |
| Morgan Stanley Discovery Portfolio | 0.04% | — | Apr 2017 | FMDGX vs MMGPX | |
| Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.07% | 32.20B | Sep 2011 | FMDGX vs VMGMX | |
| Vanguard S&P Mid-Cap 400 Growth Index Fund Institu... | 0.08% | — | Mar 2011 | FMDGX vs VMFGX |
Best Risk-Adjusted Alternatives to FMDGX
FMDGX has a PortfoliosLab risk / return rank of 6. There are 113 mutual funds in the Mid Cap Growth Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Needham Growth Fund | 93 | — | Jan 1996 | FMDGX vs NEEGX | |
| Needham Growth Fund Institutional Class | 93 | — | Dec 2016 | FMDGX vs NEEIX | |
| Vanguard Capital Opportunity Fund Investor Shares | 91 | 27.60B | Aug 1995 | FMDGX vs VHCOX | |
| Timothy Plan Aggressive Growth Fund | 90 | — | Oct 2000 | FMDGX vs TAAGX | |
| PrimeCap Odyssey Aggressive Growth Fund | 83 | — | Nov 2004 | FMDGX vs POAGX |
Top Performing FMDGX Alternatives (YTD)
FMDGX is at 4.88% YTD. There are 109 mutual funds in the Mid Cap Growth Equities category with higher YTD returns, going as high as 59.61%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Needham Growth Fund Institutional Class | 59.61% | — | Dec 2016 | FMDGX vs NEEIX | |
| Needham Growth Fund | 59.35% | — | Jan 1996 | FMDGX vs NEEGX | |
| Timothy Plan Aggressive Growth Fund | 36.54% | — | Oct 2000 | FMDGX vs TAAGX | |
| Essex Environmental Opportunities Fund | 31.64% | — | Sep 2017 | FMDGX vs EEOFX | |
| Calamos Timpani SMID Growth Fund | 29.85% | — | Jul 2019 | FMDGX vs CTIGX |
Lowest Volatility Alternatives to FMDGX
FMDGX has 16.46% 1-year volatility. There are 55 mutual funds in the Mid Cap Growth Equities category with lower 1-year volatility, going as low as 11.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Villere Equity Fund | 11.30% | — | May 2013 | FMDGX vs VLEQX | |
| BBH Select Series - Mid Cap Fund | 11.62% | — | May 2021 | FMDGX vs BBMIX | |
| Bright Rock Mid Cap Growth Fund | 12.19% | — | May 2010 | FMDGX vs BQMGX | |
| JPMorgan Mid Cap Equity Fund | 12.38% | — | Dec 1996 | FMDGX vs VSNGX | |
| Sparrow Growth Fund | 12.94% | — | Oct 1998 | FMDGX vs SGFFX |
Lowest Drawdown Alternatives to FMDGX
FMDGX has a 1-year max drawdown of -14.75%. There are 98 mutual funds in the Mid Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -7.81%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Munder Mid-Cap Core Growth Fund | -7.81% | — | Jun 1998 | FMDGX vs MGOYX | |
| Villere Equity Fund | -8.09% | — | May 2013 | FMDGX vs VLEQX | |
| JPMorgan Mid Cap Equity Fund | -8.24% | — | Dec 1996 | FMDGX vs VSNGX | |
| BBH Select Series - Mid Cap Fund | -8.89% | — | May 2021 | FMDGX vs BBMIX | |
| Guggenheim StylePlus - Mid Growth Fund | -9.17% | — | Sep 1969 | FMDGX vs SECUX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 73 | 11.71% | — | Feb 1988 | FMDGX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 97 | 85.56% | — | Jul 1985 | FMDGX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 72 | 12.01% | — | — | FMDGX vs FZROX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 32 | 8.60% | — | — | FMDGX vs FSPGX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 71 | 12.08% | — | — | FMDGX vs FSKAX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 75 | 18.56% | — | Dec 1987 | FMDGX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 7.76% | 176.32B | May 1967 | FMDGX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 71 | 11.56% | — | — | FMDGX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 27 | 9.51% | — | Nov 1997 | FMDGX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 58 | 15.53% | — | Jun 2016 | FMDGX vs FTIHX |
Often Compared With FMDGX
Investors most often compare FMDGX with FSMDX, VOT, FIMVX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare FMDGX with Any Fund or Stock
Compare FMDGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMDGX with funds that move differently
Fidelity Mid Cap Growth Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMDGX.
Explore FMDGX Diversifiers