FIMVX vs. IWS
Compare and contrast key facts about Fidelity Mid Cap Value Index Fund (FIMVX) and iShares Russell Midcap Value ETF (IWS).
FIMVX is managed by Fidelity. It was launched on Jul 11, 2019. IWS is a passively managed fund by iShares that tracks the performance of the Russell Midcap Value Index. It was launched on Jul 17, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIMVX or IWS.
Key characteristics
| FIMVX | IWS | |
|---|---|---|
| YTD Return | 17.56% | 17.43% |
| 1Y Return | 29.20% | 28.97% |
| 3Y Return (Ann) | 5.28% | 5.11% |
| 5Y Return (Ann) | 10.11% | 9.98% |
| Sharpe Ratio | 2.28 | 2.26 |
| Sortino Ratio | 3.15 | 3.14 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 2.63 | 2.55 |
| Martin Ratio | 13.20 | 13.21 |
| Ulcer Index | 2.26% | 2.24% |
| Daily Std Dev | 13.07% | 13.09% |
| Max Drawdown | -43.61% | -62.40% |
| Current Drawdown | -1.76% | -1.76% |
Correlation
The correlation between FIMVX and IWS is 1.00, 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. IWS - Performance Comparison
The year-to-date returns for both stocks are quite close, with FIMVX having a 17.56% return and IWS slightly lower at 17.43%. 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. IWS - Expense Ratio Comparison
FIMVX has a 0.05% expense ratio, which is lower than IWS's 0.24% expense ratio. Despite the difference, 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. IWS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) and iShares Russell Midcap Value ETF (IWS). 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. IWS - Dividend Comparison
FIMVX's dividend yield for the trailing twelve months is around 1.73%, more than IWS's 1.44% 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% |
IWS iShares Russell Midcap Value ETF | 1.44% | 1.76% | 1.93% | 1.39% | 1.87% | 1.96% | 2.53% | 1.96% | 2.10% | 2.14% | 1.85% | 1.71% |
Drawdowns
FIMVX vs. IWS - Drawdown Comparison
The maximum FIMVX drawdown since its inception was -43.61%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for FIMVX and IWS. For additional features, visit the drawdowns tool.
Volatility
FIMVX vs. IWS - Volatility Comparison
Fidelity Mid Cap Value Index Fund (FIMVX) and iShares Russell Midcap Value ETF (IWS) have volatilities of 3.90% and 3.92%, 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.