EWMC vs. FXAIX
Compare and contrast key facts about Invesco S&P MidCap 400® Equal Weight ETF (EWMC) and Fidelity 500 Index Fund (FXAIX).
EWMC is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Equal Weight Index. It was launched on Dec 8, 2010. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988. Both EWMC and FXAIX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EWMC vs. FXAIX - Performance Comparison
Loading graphics...
EWMC vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWMC Invesco S&P MidCap 400® Equal Weight ETF | -1.30% | 7.81% | 15.67% | 18.79% | -11.63% | 26.35% | 15.60% | 23.05% | -12.45% | 13.05% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, EWMC achieves a -1.30% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, EWMC has underperformed FXAIX with an annualized return of 10.52%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
EWMC
- 1D
- 2.28%
- 1M
- -2.74%
- YTD
- -1.30%
- 6M
- -1.63%
- 1Y
- 14.14%
- 3Y*
- 11.92%
- 5Y*
- 6.76%
- 10Y*
- 10.52%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EWMC vs. FXAIX - Expense Ratio Comparison
EWMC has a 0.40% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
EWMC vs. FXAIX — Risk / Return Rank
EWMC
FXAIX
EWMC vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Equal Weight ETF (EWMC) and Fidelity 500 Index Fund (FXAIX). 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.
| EWMC | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.84 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.30 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.05 | -0.13 |
Martin ratioReturn relative to average drawdown | 3.90 | 5.13 | -1.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EWMC | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.84 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.68 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.77 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.75 | -0.23 |
Correlation
The correlation between EWMC and FXAIX is 0.82, 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.
Dividends
EWMC vs. FXAIX - Dividend Comparison
EWMC's dividend yield for the trailing twelve months is around 1.04%, less than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWMC Invesco S&P MidCap 400® Equal Weight ETF | 1.04% | 1.19% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
EWMC vs. FXAIX - Drawdown Comparison
The maximum EWMC drawdown since its inception was -43.12%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for EWMC and FXAIX.
Loading graphics...
Drawdown Indicators
| EWMC | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -33.79% | -9.33% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -12.13% | -3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -24.50% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | -33.79% | -9.33% |
Current DrawdownCurrent decline from peak | -5.24% | -8.89% | +3.65% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -3.83% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.50% | +1.17% |
Volatility
EWMC vs. FXAIX - Volatility Comparison
Invesco S&P MidCap 400® Equal Weight ETF (EWMC) has a higher volatility of 4.88% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that EWMC's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EWMC | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.24% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 9.08% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.17% | 18.13% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 16.88% | +4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 18.03% | +4.24% |