FDSVX vs. FLAPX
Compare and contrast key facts about Fidelity Growth Discovery Fund (FDSVX) and Fidelity Flex Mid Cap Index Fund (FLAPX).
FDSVX is managed by Fidelity. It was launched on Mar 31, 1998. FLAPX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDSVX or FLAPX.
Key characteristics
| FDSVX | FLAPX | |
|---|---|---|
| YTD Return | 20.85% | 20.42% |
| 1Y Return | 32.83% | 39.06% |
| 3Y Return (Ann) | 3.24% | 4.64% |
| 5Y Return (Ann) | 11.63% | 11.87% |
| Sharpe Ratio | 1.77 | 2.78 |
| Sortino Ratio | 2.19 | 3.85 |
| Omega Ratio | 1.35 | 1.48 |
| Calmar Ratio | 1.69 | 2.10 |
| Martin Ratio | 5.39 | 16.30 |
| Ulcer Index | 5.93% | 2.32% |
| Daily Std Dev | 18.04% | 13.58% |
| Max Drawdown | -59.34% | -40.31% |
| Current Drawdown | -5.50% | 0.00% |
Correlation
The correlation between FDSVX and FLAPX 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.
Performance
FDSVX vs. FLAPX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FDSVX having a 20.85% return and FLAPX slightly lower at 20.42%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDSVX vs. FLAPX - Expense Ratio Comparison
FDSVX has a 0.77% expense ratio, which is higher than FLAPX's 0.00% expense ratio.
Risk-Adjusted Performance
FDSVX vs. FLAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Discovery Fund (FDSVX) and Fidelity Flex Mid Cap Index Fund (FLAPX). 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
FDSVX vs. FLAPX - Dividend Comparison
FDSVX's dividend yield for the trailing twelve months is around 0.02%, less than FLAPX's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDSVX Fidelity Growth Discovery Fund | 0.02% | 0.05% | 0.02% | 0.24% | 0.03% | 0.05% | 0.20% | 0.15% | 0.09% | 0.12% | 0.10% | 0.24% |
FLAPX Fidelity Flex Mid Cap Index Fund | 1.22% | 1.48% | 1.63% | 1.06% | 1.34% | 1.39% | 1.84% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDSVX vs. FLAPX - Drawdown Comparison
The maximum FDSVX drawdown since its inception was -59.34%, which is greater than FLAPX's maximum drawdown of -40.31%. Use the drawdown chart below to compare losses from any high point for FDSVX and FLAPX. For additional features, visit the drawdowns tool.
Volatility
FDSVX vs. FLAPX - Volatility Comparison
Fidelity Growth Discovery Fund (FDSVX) has a higher volatility of 4.45% compared to Fidelity Flex Mid Cap Index Fund (FLAPX) at 4.08%. This indicates that FDSVX's price experiences larger fluctuations and is considered to be riskier than FLAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.