Correlation
The correlation between CMJAX and FSMDX is 0.91, 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.
CMJAX vs. FSMDX
Compare and contrast key facts about Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) and Fidelity Mid Cap Index Fund (FSMDX).
CMJAX is a passively managed fund by Calvert Research and Management that tracks the performance of the Calvert US Mid-Cap Core Responsible Index. It was launched on Oct 30, 2015. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMJAX or FSMDX.
Performance
CMJAX vs. FSMDX - Performance Comparison
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Key characteristics
CMJAX:
0.40
FSMDX:
0.57
CMJAX:
0.64
FSMDX:
0.88
CMJAX:
1.09
FSMDX:
1.12
CMJAX:
0.32
FSMDX:
0.50
CMJAX:
1.04
FSMDX:
1.72
CMJAX:
6.53%
FSMDX:
6.09%
CMJAX:
19.35%
FSMDX:
19.81%
CMJAX:
-38.09%
FSMDX:
-40.35%
CMJAX:
-7.59%
FSMDX:
-6.12%
Returns By Period
In the year-to-date period, CMJAX achieves a -0.53% return, which is significantly lower than FSMDX's 1.04% return.
CMJAX
-0.53%
5.59%
-7.36%
7.74%
7.33%
10.92%
N/A
FSMDX
1.04%
5.70%
-6.05%
11.27%
9.07%
12.69%
9.24%
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CMJAX vs. FSMDX - Expense Ratio Comparison
CMJAX has a 0.49% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
CMJAX vs. FSMDX — Risk-Adjusted Performance Rank
CMJAX
FSMDX
CMJAX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) and Fidelity Mid Cap Index Fund (FSMDX). 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.
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Dividends
CMJAX vs. FSMDX - Dividend Comparison
CMJAX's dividend yield for the trailing twelve months is around 0.90%, less than FSMDX's 2.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMJAX Calvert US Mid-Cap Core Responsible Index Fund Class A | 0.90% | 0.89% | 0.84% | 0.80% | 2.64% | 2.43% | 1.57% | 2.97% | 2.82% | 1.86% | 0.29% | 0.00% |
FSMDX Fidelity Mid Cap Index Fund | 2.29% | 2.32% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.29% | 2.59% |
Drawdowns
CMJAX vs. FSMDX - Drawdown Comparison
The maximum CMJAX drawdown since its inception was -38.09%, smaller than the maximum FSMDX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for CMJAX and FSMDX.
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Volatility
CMJAX vs. FSMDX - Volatility Comparison
Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) and Fidelity Mid Cap Index Fund (FSMDX) have volatilities of 5.36% and 5.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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