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.
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
Key characteristics
FDSVX:
1.20
FLAPX:
1.35
FDSVX:
1.56
FLAPX:
1.88
FDSVX:
1.24
FLAPX:
1.23
FDSVX:
1.35
FLAPX:
2.20
FDSVX:
3.48
FLAPX:
7.15
FDSVX:
6.29%
FLAPX:
2.51%
FDSVX:
18.29%
FLAPX:
13.30%
FDSVX:
-59.34%
FLAPX:
-40.31%
FDSVX:
-6.45%
FLAPX:
-6.92%
Returns By Period
In the year-to-date period, FDSVX achieves a 19.64% return, which is significantly higher than FLAPX's 15.54% return.
FDSVX
19.64%
1.07%
-2.50%
20.45%
10.28%
10.63%
FLAPX
15.54%
-3.66%
9.87%
16.39%
10.05%
N/A
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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 has not paid dividends to shareholders, while FLAPX's dividend yield for the trailing twelve months is around 0.28%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDSVX Fidelity Growth Discovery Fund | 0.00% | 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 | 0.28% | 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
The current volatility for Fidelity Growth Discovery Fund (FDSVX) is 4.23%, while Fidelity Flex Mid Cap Index Fund (FLAPX) has a volatility of 4.65%. This indicates that FDSVX experiences smaller price fluctuations and is considered to be less risky than FLAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.