Correlation
The correlation between FCMVX and SPMO 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.
FCMVX vs. SPMO
Compare and contrast key facts about Fidelity Mid Cap Value K6 Fund (FCMVX) and Invesco S&P 500® Momentum ETF (SPMO).
FCMVX is managed by Fidelity. It was launched on May 25, 2017. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCMVX or SPMO.
Performance
FCMVX vs. SPMO - Performance Comparison
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Key characteristics
FCMVX:
0.12
SPMO:
1.22
FCMVX:
0.30
SPMO:
1.64
FCMVX:
1.04
SPMO:
1.23
FCMVX:
0.09
SPMO:
1.39
FCMVX:
0.27
SPMO:
5.03
FCMVX:
7.84%
SPMO:
5.58%
FCMVX:
21.88%
SPMO:
25.08%
FCMVX:
-44.63%
SPMO:
-30.95%
FCMVX:
-11.01%
SPMO:
0.00%
Returns By Period
In the year-to-date period, FCMVX achieves a -3.35% return, which is significantly lower than SPMO's 11.09% return.
FCMVX
-3.35%
4.81%
-10.57%
1.57%
8.66%
15.48%
N/A
SPMO
11.09%
10.05%
9.23%
30.10%
24.56%
21.21%
N/A
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FCMVX vs. SPMO - Expense Ratio Comparison
FCMVX has a 0.45% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
FCMVX vs. SPMO — Risk-Adjusted Performance Rank
FCMVX
SPMO
FCMVX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value K6 Fund (FCMVX) and Invesco S&P 500® Momentum ETF (SPMO). 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
FCMVX vs. SPMO - Dividend Comparison
FCMVX's dividend yield for the trailing twelve months is around 46.51%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCMVX Fidelity Mid Cap Value K6 Fund | 46.51% | 38.54% | 1.29% | 1.68% | 1.39% | 2.19% | 1.68% | 2.99% | 0.77% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.48% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
FCMVX vs. SPMO - Drawdown Comparison
The maximum FCMVX drawdown since its inception was -44.63%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FCMVX and SPMO.
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Volatility
FCMVX vs. SPMO - Volatility Comparison
Fidelity Mid Cap Value K6 Fund (FCMVX) has a higher volatility of 6.16% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.51%. This indicates that FCMVX's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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