FIMVX vs. SWPPX
Compare and contrast key facts about Fidelity Mid Cap Value Index Fund (FIMVX) and Schwab S&P 500 Index Fund (SWPPX).
FIMVX is managed by Fidelity. It was launched on Jul 11, 2019. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIMVX or SWPPX.
Key characteristics
| FIMVX | SWPPX | |
|---|---|---|
| YTD Return | 17.56% | 26.17% |
| 1Y Return | 29.20% | 33.93% |
| 3Y Return (Ann) | 5.28% | 10.00% |
| 5Y Return (Ann) | 10.11% | 15.61% |
| Sharpe Ratio | 2.28 | 2.80 |
| Sortino Ratio | 3.15 | 3.72 |
| Omega Ratio | 1.39 | 1.52 |
| Calmar Ratio | 2.63 | 4.04 |
| Martin Ratio | 13.20 | 18.23 |
| Ulcer Index | 2.26% | 1.87% |
| Daily Std Dev | 13.07% | 12.23% |
| Max Drawdown | -43.61% | -55.06% |
| Current Drawdown | -1.76% | -0.85% |
Correlation
The correlation between FIMVX and SWPPX is 0.85, 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. SWPPX - Performance Comparison
In the year-to-date period, FIMVX achieves a 17.56% return, which is significantly lower than SWPPX's 26.17% 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. SWPPX - Expense Ratio Comparison
FIMVX has a 0.05% expense ratio, which is higher than SWPPX's 0.02% 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. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) and Schwab S&P 500 Index Fund (SWPPX). 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. SWPPX - Dividend Comparison
FIMVX's dividend yield for the trailing twelve months is around 1.73%, more than SWPPX's 1.13% 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% |
SWPPX Schwab S&P 500 Index Fund | 1.13% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
FIMVX vs. SWPPX - Drawdown Comparison
The maximum FIMVX drawdown since its inception was -43.61%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for FIMVX and SWPPX. For additional features, visit the drawdowns tool.
Volatility
FIMVX vs. SWPPX - Volatility Comparison
Fidelity Mid Cap Value Index Fund (FIMVX) and Schwab S&P 500 Index Fund (SWPPX) have volatilities of 3.90% and 3.80%, 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.