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 managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWMC or FXAIX.
Performance
EWMC vs. FXAIX - Performance Comparison
Returns By Period
EWMC
N/A
N/A
N/A
N/A
N/A
N/A
FXAIX
26.70%
3.09%
13.28%
32.84%
15.78%
13.12%
Key characteristics
| EWMC | FXAIX |
|---|
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EWMC vs. FXAIX - Expense Ratio Comparison
EWMC has a 0.40% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between EWMC and FXAIX 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.
Risk-Adjusted Performance
EWMC vs. FXAIX - Risk-Adjusted Performance 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.
Dividends
EWMC vs. FXAIX - Dividend Comparison
EWMC has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWMC Invesco S&P MidCap 400® Equal Weight ETF | 0.76% | 0.96% | 0.11% | 0.92% | 1.16% | 1.25% | 0.75% | 1.14% | 0.03% | 1.43% | 1.28% | 1.01% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
EWMC vs. FXAIX - Drawdown Comparison
Volatility
EWMC vs. FXAIX - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® Equal Weight ETF (EWMC) is 0.00%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.96%. This indicates that EWMC experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.