Correlation
The correlation between FIIMX and FSMDX is 0.90, 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.
FIIMX vs. FSMDX
Compare and contrast key facts about Fidelity Advisor Mid Cap II Fund Class I (FIIMX) and Fidelity Mid Cap Index Fund (FSMDX).
FIIMX is managed by Fidelity. It was launched on Aug 12, 2004. 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: FIIMX or FSMDX.
Performance
FIIMX vs. FSMDX - Performance Comparison
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Key characteristics
FIIMX:
0.17
FSMDX:
0.59
FIIMX:
0.30
FSMDX:
0.80
FIIMX:
1.04
FSMDX:
1.11
FIIMX:
0.09
FSMDX:
0.45
FIIMX:
0.29
FSMDX:
1.54
FIIMX:
8.10%
FSMDX:
6.08%
FIIMX:
23.01%
FSMDX:
19.85%
FIIMX:
-52.89%
FSMDX:
-40.35%
FIIMX:
-10.11%
FSMDX:
-6.29%
Returns By Period
In the year-to-date period, FIIMX achieves a -2.51% return, which is significantly lower than FSMDX's 0.86% return. Over the past 10 years, FIIMX has underperformed FSMDX with an annualized return of 8.13%, while FSMDX has yielded a comparatively higher 9.21% annualized return.
FIIMX
-2.51%
6.68%
-9.62%
3.95%
8.32%
14.20%
8.13%
FSMDX
0.86%
5.45%
-6.06%
11.61%
8.58%
12.65%
9.21%
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FIIMX vs. FSMDX - Expense Ratio Comparison
FIIMX has a 0.73% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
FIIMX vs. FSMDX — Risk-Adjusted Performance Rank
FIIMX
FSMDX
FIIMX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class I (FIIMX) 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
FIIMX vs. FSMDX - Dividend Comparison
FIIMX's dividend yield for the trailing twelve months is around 9.18%, more than FSMDX's 2.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIIMX Fidelity Advisor Mid Cap II Fund Class I | 9.18% | 6.79% | 2.71% | 5.70% | 18.40% | 1.29% | 3.30% | 10.56% | 7.67% | 4.84% | 4.76% | 15.88% |
FSMDX Fidelity Mid Cap Index Fund | 2.30% | 2.32% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.29% | 2.59% |
Drawdowns
FIIMX vs. FSMDX - Drawdown Comparison
The maximum FIIMX drawdown since its inception was -52.89%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FIIMX and FSMDX.
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Volatility
FIIMX vs. FSMDX - Volatility Comparison
Fidelity Advisor Mid Cap II Fund Class I (FIIMX) has a higher volatility of 5.67% compared to Fidelity Mid Cap Index Fund (FSMDX) at 5.22%. This indicates that FIIMX's price experiences larger fluctuations and is considered to be riskier than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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