FGRTX vs. FSMDX
Compare and contrast key facts about Fidelity Mega Cap Stock Fund (FGRTX) and Fidelity Mid Cap Index Fund (FSMDX).
FGRTX is managed by Fidelity. It was launched on Dec 28, 1998. 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: FGRTX or FSMDX.
Correlation
The correlation between FGRTX and FSMDX is 0.92, 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
FGRTX vs. FSMDX - Performance Comparison
Key characteristics
FGRTX:
0.45
FSMDX:
0.28
FGRTX:
0.75
FSMDX:
0.53
FGRTX:
1.11
FSMDX:
1.07
FGRTX:
0.47
FSMDX:
0.25
FGRTX:
1.94
FSMDX:
0.89
FGRTX:
4.50%
FSMDX:
6.10%
FGRTX:
19.34%
FSMDX:
19.39%
FGRTX:
-57.06%
FSMDX:
-40.35%
FGRTX:
-9.86%
FSMDX:
-13.02%
Returns By Period
In the year-to-date period, FGRTX achieves a -4.13% return, which is significantly higher than FSMDX's -5.30% return. Over the past 10 years, FGRTX has underperformed FSMDX with an annualized return of 5.73%, while FSMDX has yielded a comparatively higher 7.35% annualized return.
FGRTX
-4.13%
-5.60%
-4.13%
7.37%
16.01%
5.73%
FSMDX
-5.30%
-4.37%
-6.34%
4.10%
12.61%
7.35%
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FGRTX vs. FSMDX - Expense Ratio Comparison
FGRTX has a 0.61% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
FGRTX vs. FSMDX — Risk-Adjusted Performance Rank
FGRTX
FSMDX
FGRTX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mega Cap Stock Fund (FGRTX) 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
FGRTX vs. FSMDX - Dividend Comparison
FGRTX's dividend yield for the trailing twelve months is around 1.09%, less than FSMDX's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | 1.09% | 1.04% | 1.06% | 1.34% | 1.76% | 2.87% | 2.01% | 2.22% | 1.57% | 1.48% | 4.07% | 5.39% |
FSMDX Fidelity Mid Cap Index Fund | 1.24% | 1.17% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% |
Drawdowns
FGRTX vs. FSMDX - Drawdown Comparison
The maximum FGRTX drawdown since its inception was -57.06%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FGRTX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
FGRTX vs. FSMDX - Volatility Comparison
Fidelity Mega Cap Stock Fund (FGRTX) and Fidelity Mid Cap Index Fund (FSMDX) have volatilities of 14.38% and 13.91%, 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.