Fidelity Mid Cap Index Fund (FSMDX) belongs to the Mid Cap Blend Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FSMDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FSMDX
FSMDX charges 0.03% annually. No mutual funds in the Mid Cap Blend Equities category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Mid-Cap Index Fund Institutional Shares | 0.03% | 218.80B | May 1998 | FSMDX vs VMCIX | |
| Vanguard Mid-Cap Index Fund Institutional Plus Sha... | 0.03% | 218.80B | Dec 2010 | FSMDX vs VMCPX | |
| Vanguard Extended Market Index Fund Institutional ... | 0.04% | 93.70B | Jan 2011 | FSMDX vs VEMPX | |
| Fidelity Extended Market Index Fund | 0.04% | — | — | FSMDX vs FSMAX | |
| Vanguard Extended Market Index Fund Institutional ... | 0.04% | 93.70B | Jul 1997 | FSMDX vs VIEIX |
Best Risk-Adjusted Alternatives to FSMDX
FSMDX has a PortfoliosLab risk / return rank of 44. There are 49 mutual funds in the Mid Cap Blend Equities category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Paradigm Select Fund | 89 | — | Jan 2005 | FSMDX vs PFSLX | |
| Vanguard Strategic Equity Fund | 85 | 11.50B | Aug 1995 | FSMDX vs VSEQX | |
| Gotham Enhanced Return Fund | 83 | — | May 2013 | FSMDX vs GENIX | |
| Destinations Small-Mid Cap Equity Fund | 80 | — | Mar 2017 | FSMDX vs DSMFX | |
| Fidelity Advisor Mid Cap II Fund Class Z | 80 | — | Aug 2013 | FSMDX vs FZAMX |
Top Performing FSMDX Alternatives (YTD)
FSMDX is at 14.95% YTD. There are 70 mutual funds in the Mid Cap Blend Equities category with higher YTD returns, going as high as 41.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Paradigm Select Fund | 41.29% | — | Jan 2005 | FSMDX vs PFSLX | |
| 13D Activist Fund | 32.60% | — | Dec 2011 | FSMDX vs DDDIX | |
| Fidelity SAI Small-Mid Cap 500 Index Fund | 30.58% | — | Aug 2015 | FSMDX vs FZFLX | |
| Hodges Fund | 28.41% | — | Oct 1992 | FSMDX vs HDPMX | |
| Fidelity Advisor Mid Cap II Fund Class Z | 24.59% | — | Aug 2013 | FSMDX vs FZAMX |
Lowest Volatility Alternatives to FSMDX
FSMDX has 13.85% 1-year volatility. There are 22 mutual funds in the Mid Cap Blend Equities category with lower 1-year volatility, going as low as 9.71%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Focused Growth and Income Fund | 9.71% | — | Dec 2002 | FSMDX vs GWSAX | |
| Timothy Plan Large/Mid Cap Value Fund | 11.72% | — | Jul 1999 | FSMDX vs TLVAX | |
| Boston Trust Midcap Fund | 11.82% | — | — | FSMDX vs BTMFX | |
| Boston Trust Walden Midcap Fund | 11.94% | — | Aug 2011 | FSMDX vs WAMFX | |
| Victory RS Investors Fund | 11.98% | — | Nov 2005 | FSMDX vs RSINX |
Lowest Drawdown Alternatives to FSMDX
FSMDX has a 1-year max drawdown of -8.16%. There are 21 mutual funds in the Mid Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.33%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FullerThaler Behavioral Mid-Cap Equity Fund Instit... | -6.33% | — | Oct 2023 | FSMDX vs FTHMX | |
| Gotham Enhanced Return Fund | -6.44% | — | May 2013 | FSMDX vs GENIX | |
| Gabelli Focused Growth and Income Fund | -6.54% | — | Dec 2002 | FSMDX vs GWSAX | |
| Fuller & Thaler Behavioral Small-Mid Core Equity F... | -6.80% | — | Dec 2018 | FSMDX vs FTSIX | |
| BNY Mellon Active MidCap Fund | -7.29% | — | Jan 1985 | FSMDX vs DNLDX |
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 | 63 | 11.06% | — | Feb 1988 | FSMDX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 92 | 69.83% | — | Jul 1985 | FSMDX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 11.89% | — | — | FSMDX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 11.88% | — | — | FSMDX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 19 | 5.06% | — | — | FSMDX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 61 | 16.81% | — | Dec 1987 | FSMDX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 38 | 10.81% | 176.32B | May 1967 | FSMDX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 61 | 11.15% | — | — | FSMDX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 10.41% | — | Nov 1997 | FSMDX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 55 | 13.57% | — | Jun 2016 | FSMDX vs FTIHX |
Often Compared With FSMDX
Investors most often compare FSMDX with FMDGX, VIMAX, VOO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FSMDX with Any Fund or Stock
Compare FSMDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FSMDX with funds that move differently
Fidelity Mid Cap Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSMDX.
Explore FSMDX Diversifiers