Correlation
The correlation between FGSMX and FSMDX is 0.52, 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.
FGSMX vs. FSMDX
Compare and contrast key facts about Fidelity Advisor High Income Fund Class C (FGSMX) and Fidelity Mid Cap Index Fund (FSMDX).
FGSMX is managed by Fidelity. It was launched on Dec 4, 2018. 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: FGSMX or FSMDX.
Performance
FGSMX vs. FSMDX - Performance Comparison
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Key characteristics
FGSMX:
2.09
FSMDX:
0.57
FGSMX:
2.64
FSMDX:
0.88
FGSMX:
1.43
FSMDX:
1.12
FGSMX:
1.74
FSMDX:
0.50
FGSMX:
7.25
FSMDX:
1.72
FGSMX:
1.02%
FSMDX:
6.09%
FGSMX:
3.86%
FSMDX:
19.80%
FGSMX:
-22.51%
FSMDX:
-40.35%
FGSMX:
-0.56%
FSMDX:
-6.12%
Returns By Period
In the year-to-date period, FGSMX achieves a 1.35% return, which is significantly higher than FSMDX's 1.04% return.
FGSMX
1.35%
0.90%
1.16%
7.37%
4.52%
3.34%
N/A
FSMDX
1.04%
5.63%
-6.05%
10.32%
9.07%
12.69%
9.24%
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FGSMX vs. FSMDX - Expense Ratio Comparison
FGSMX has a 1.76% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
FGSMX vs. FSMDX — Risk-Adjusted Performance Rank
FGSMX
FSMDX
FGSMX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class C (FGSMX) 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.
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Dividends
FGSMX vs. FSMDX - Dividend Comparison
FGSMX's dividend yield for the trailing twelve months is around 4.80%, more than FSMDX's 2.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSMX Fidelity Advisor High Income Fund Class C | 4.80% | 5.09% | 4.38% | 4.05% | 3.67% | 3.68% | 4.08% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% |
FSMDX Fidelity Mid Cap Index Fund | 2.29% | 2.32% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.29% | 2.59% |
Drawdowns
FGSMX vs. FSMDX - Drawdown Comparison
The maximum FGSMX drawdown since its inception was -22.51%, smaller than the maximum FSMDX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FGSMX and FSMDX.
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Volatility
FGSMX vs. FSMDX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Fund Class C (FGSMX) is 1.15%, while Fidelity Mid Cap Index Fund (FSMDX) has a volatility of 5.16%. This indicates that FGSMX experiences smaller price fluctuations and is considered to be less risky than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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