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AVMC vs. FMDGX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AVMC and FMDGX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.8

Performance

AVMC vs. FMDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Mid Cap Equity ETF (AVMC) and Fidelity Mid Cap Growth Index Fund (FMDGX). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%50.00%60.00%December2025FebruaryMarchAprilMay
28.45%
40.12%
AVMC
FMDGX

Key characteristics

Sharpe Ratio

AVMC:

0.34

FMDGX:

0.69

Sortino Ratio

AVMC:

0.62

FMDGX:

1.10

Omega Ratio

AVMC:

1.08

FMDGX:

1.15

Calmar Ratio

AVMC:

0.32

FMDGX:

0.68

Martin Ratio

AVMC:

1.06

FMDGX:

2.29

Ulcer Index

AVMC:

6.51%

FMDGX:

7.46%

Daily Std Dev

AVMC:

20.53%

FMDGX:

24.68%

Max Drawdown

AVMC:

-21.84%

FMDGX:

-38.85%

Current Drawdown

AVMC:

-11.63%

FMDGX:

-10.21%

Returns By Period

In the year-to-date period, AVMC achieves a -4.72% return, which is significantly lower than FMDGX's -1.03% return.


AVMC

YTD

-4.72%

1M

10.37%

6M

-3.16%

1Y

5.04%

5Y*

N/A

10Y*

N/A

FMDGX

YTD

-1.03%

1M

18.37%

6M

5.06%

1Y

15.68%

5Y*

11.68%

10Y*

N/A

*Annualized

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AVMC vs. FMDGX - Expense Ratio Comparison

AVMC has a 0.20% expense ratio, which is higher than FMDGX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for AVMC: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVMC: 0.20%
Expense ratio chart for FMDGX: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FMDGX: 0.05%

Risk-Adjusted Performance

AVMC vs. FMDGX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVMC
The Risk-Adjusted Performance Rank of AVMC is 3737
Overall Rank
The Sharpe Ratio Rank of AVMC is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of AVMC is 3838
Sortino Ratio Rank
The Omega Ratio Rank of AVMC is 3636
Omega Ratio Rank
The Calmar Ratio Rank of AVMC is 4141
Calmar Ratio Rank
The Martin Ratio Rank of AVMC is 3737
Martin Ratio Rank

FMDGX
The Risk-Adjusted Performance Rank of FMDGX is 5959
Overall Rank
The Sharpe Ratio Rank of FMDGX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of FMDGX is 5959
Sortino Ratio Rank
The Omega Ratio Rank of FMDGX is 5858
Omega Ratio Rank
The Calmar Ratio Rank of FMDGX is 6767
Calmar Ratio Rank
The Martin Ratio Rank of FMDGX is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AVMC vs. FMDGX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Equity ETF (AVMC) and Fidelity Mid Cap Growth Index Fund (FMDGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for AVMC, currently valued at 0.34, compared to the broader market-1.000.001.002.003.004.00
AVMC: 0.34
FMDGX: 0.70
The chart of Sortino ratio for AVMC, currently valued at 0.62, compared to the broader market-2.000.002.004.006.008.00
AVMC: 0.62
FMDGX: 1.10
The chart of Omega ratio for AVMC, currently valued at 1.08, compared to the broader market0.501.001.502.002.50
AVMC: 1.08
FMDGX: 1.15
The chart of Calmar ratio for AVMC, currently valued at 0.32, compared to the broader market0.002.004.006.008.0010.0012.00
AVMC: 0.32
FMDGX: 0.68
The chart of Martin ratio for AVMC, currently valued at 1.06, compared to the broader market0.0020.0040.0060.00
AVMC: 1.06
FMDGX: 2.29

The current AVMC Sharpe Ratio is 0.34, which is lower than the FMDGX Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of AVMC and FMDGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.34
0.70
AVMC
FMDGX

Dividends

AVMC vs. FMDGX - Dividend Comparison

AVMC's dividend yield for the trailing twelve months is around 1.14%, more than FMDGX's 0.47% yield.


TTM202420232022202120202019
AVMC
Avantis U.S. Mid Cap Equity ETF
1.14%1.02%0.24%0.00%0.00%0.00%0.00%
FMDGX
Fidelity Mid Cap Growth Index Fund
0.47%0.47%0.63%0.81%0.42%0.36%0.27%

Drawdowns

AVMC vs. FMDGX - Drawdown Comparison

The maximum AVMC drawdown since its inception was -21.84%, smaller than the maximum FMDGX drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for AVMC and FMDGX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-11.63%
-10.21%
AVMC
FMDGX

Volatility

AVMC vs. FMDGX - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Equity ETF (AVMC) is 12.56%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 15.01%. This indicates that AVMC experiences smaller price fluctuations and is considered to be less risky than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%December2025FebruaryMarchAprilMay
12.56%
15.01%
AVMC
FMDGX