FEDDX vs. FSMDX
Compare and contrast key facts about Fidelity Emerging Markets Discovery Fund (FEDDX) and Fidelity Mid Cap Index Fund (FSMDX).
FEDDX is managed by Fidelity. It was launched on Nov 1, 2011. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEDDX or FSMDX.
Key characteristics
| FEDDX | FSMDX | |
|---|---|---|
| YTD Return | 3.29% | 7.88% |
| 1Y Return | 16.04% | 25.56% |
| 3Y Return (Ann) | 2.82% | 4.35% |
| 5Y Return (Ann) | 9.55% | 10.82% |
| 10Y Return (Ann) | 5.81% | 10.15% |
| Sharpe Ratio | 1.25 | 1.67 |
| Daily Std Dev | 12.52% | 14.17% |
| Max Drawdown | -42.95% | -40.35% |
| Current Drawdown | 0.00% | -0.68% |
Correlation
The correlation between FEDDX and FSMDX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FEDDX vs. FSMDX - Performance Comparison
In the year-to-date period, FEDDX achieves a 3.29% return, which is significantly lower than FSMDX's 7.88% return. Over the past 10 years, FEDDX has underperformed FSMDX with an annualized return of 5.81%, while FSMDX has yielded a comparatively higher 10.15% annualized return. 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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FEDDX vs. FSMDX - Expense Ratio Comparison
FEDDX has a 1.19% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
FEDDX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and Fidelity Mid Cap Index Fund (FSMDX). 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
FEDDX vs. FSMDX - Dividend Comparison
FEDDX's dividend yield for the trailing twelve months is around 1.99%, more than FSMDX's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 1.99% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 2.24% | 1.36% | 0.81% | 0.00% | 3.87% |
FSMDX Fidelity Mid Cap Index Fund | 1.29% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.68% | 3.82% | 2.74% |
Drawdowns
FEDDX vs. FSMDX - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.95%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FEDDX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
FEDDX vs. FSMDX - Volatility Comparison
Fidelity Emerging Markets Discovery Fund (FEDDX) and Fidelity Mid Cap Index Fund (FSMDX) have volatilities of 3.09% and 3.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.