FIMVX vs. FSMDX
Compare and contrast key facts about Fidelity Mid Cap Value Index Fund (FIMVX) and Fidelity Mid Cap Index Fund (FSMDX).
FIMVX is managed by Fidelity. It was launched on Jul 11, 2019. 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: FIMVX or FSMDX.
Key characteristics
| FIMVX | FSMDX | |
|---|---|---|
| YTD Return | 17.56% | 19.31% |
| 1Y Return | 29.20% | 31.38% |
| 3Y Return (Ann) | 5.28% | 3.39% |
| 5Y Return (Ann) | 10.11% | 10.24% |
| Sharpe Ratio | 2.28 | 2.41 |
| Sortino Ratio | 3.15 | 3.32 |
| Omega Ratio | 1.39 | 1.41 |
| Calmar Ratio | 2.63 | 1.91 |
| Martin Ratio | 13.20 | 13.82 |
| Ulcer Index | 2.26% | 2.31% |
| Daily Std Dev | 13.07% | 13.20% |
| Max Drawdown | -43.61% | -40.35% |
| Current Drawdown | -1.76% | -1.87% |
Correlation
The correlation between FIMVX and FSMDX is 0.96, 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
FIMVX vs. FSMDX - Performance Comparison
In the year-to-date period, FIMVX achieves a 17.56% return, which is significantly lower than FSMDX's 19.31% 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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FIMVX vs. FSMDX - Expense Ratio Comparison
FIMVX has a 0.05% expense ratio, which is higher than FSMDX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FIMVX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) 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
FIMVX vs. FSMDX - Dividend Comparison
FIMVX's dividend yield for the trailing twelve months is around 1.73%, more than FSMDX's 0.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 1.73% | 1.89% | 2.00% | 1.45% | 1.23% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSMDX Fidelity Mid Cap Index Fund | 0.95% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
Drawdowns
FIMVX vs. FSMDX - Drawdown Comparison
The maximum FIMVX drawdown since its inception was -43.61%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FIMVX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
FIMVX vs. FSMDX - Volatility Comparison
The current volatility for Fidelity Mid Cap Value Index Fund (FIMVX) is 3.90%, while Fidelity Mid Cap Index Fund (FSMDX) has a volatility of 4.20%. This indicates that FIMVX 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.