FIMVX vs. VMVAX
Compare and contrast key facts about Fidelity Mid Cap Value Index Fund (FIMVX) and Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX).
FIMVX is managed by Fidelity. It was launched on Jul 11, 2019. VMVAX is managed by Vanguard. It was launched on Sep 27, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIMVX or VMVAX.
Key characteristics
| FIMVX | VMVAX | |
|---|---|---|
| YTD Return | 17.56% | 19.23% |
| 1Y Return | 29.20% | 29.53% |
| 3Y Return (Ann) | 5.28% | 6.53% |
| 5Y Return (Ann) | 10.11% | 10.43% |
| Sharpe Ratio | 2.28 | 2.56 |
| Sortino Ratio | 3.15 | 3.55 |
| Omega Ratio | 1.39 | 1.45 |
| Calmar Ratio | 2.63 | 3.17 |
| Martin Ratio | 13.20 | 15.52 |
| Ulcer Index | 2.26% | 1.93% |
| Daily Std Dev | 13.07% | 11.72% |
| Max Drawdown | -43.61% | -43.07% |
| Current Drawdown | -1.76% | -1.53% |
Correlation
The correlation between FIMVX and VMVAX is 0.98, 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. VMVAX - Performance Comparison
In the year-to-date period, FIMVX achieves a 17.56% return, which is significantly lower than VMVAX's 19.23% 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. VMVAX - Expense Ratio Comparison
FIMVX has a 0.05% expense ratio, which is lower than VMVAX's 0.07% 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. VMVAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Index Fund (FIMVX) and Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX). 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. VMVAX - Dividend Comparison
FIMVX's dividend yield for the trailing twelve months is around 1.73%, less than VMVAX's 2.08% 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% |
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares | 2.08% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.91% | 2.04% | 1.67% | 1.54% |
Drawdowns
FIMVX vs. VMVAX - Drawdown Comparison
The maximum FIMVX drawdown since its inception was -43.61%, roughly equal to the maximum VMVAX drawdown of -43.07%. Use the drawdown chart below to compare losses from any high point for FIMVX and VMVAX. For additional features, visit the drawdowns tool.
Volatility
FIMVX vs. VMVAX - Volatility Comparison
Fidelity Mid Cap Value Index Fund (FIMVX) has a higher volatility of 3.90% compared to Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) at 3.52%. This indicates that FIMVX's price experiences larger fluctuations and is considered to be riskier than VMVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.