FKMCX vs. DFGEX

Last updated Jun 4, 2026

FKMCX (Fidelity Mid-Cap Stock Fund Class K) and DFGEX (DFA Global Real Estate Securities Portfolio) are both mutual funds - FKMCX is a Mid Cap Blend Equities fund managed by Fidelity, while DFGEX is a REIT fund managed by Dimensional. Over the past 10 years, FKMCX returned 12.42%/yr vs 3.81%/yr for DFGEX. A 0.65 correlation means they provide meaningful diversification when combined. FKMCX charges 0.76%/yr vs 0.14%/yr for DFGEX.

Performance

FKMCX vs. DFGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mid-Cap Stock Fund Class K (FKMCX) and DFA Global Real Estate Securities Portfolio (DFGEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FKMCX achieves a 17.41% return, which is significantly higher than DFGEX's 7.93% return. Over the past 10 years, FKMCX has outperformed DFGEX with an annualized return of 12.42%, while DFGEX has yielded a comparatively lower 3.81% annualized return.

FKMCX

• 1D: 1.64%
• 1M: 3.82%
• YTD: 17.41%
• 6M: 18.76%
• 1Y: 31.44%
• 3Y*: 18.63%
• 5Y*: 10.45%
• 10Y*: 12.42%

DFGEX

• 1D: 0.18%
• 1M: -0.70%
• YTD: 7.93%
• 6M: 7.73%
• 1Y: 10.77%
• 3Y*: 9.23%
• 5Y*: 1.99%
• 10Y*: 3.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FKMCX vs. DFGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FKMCX Fidelity Mid-Cap Stock Fund Class K	17.41%	11.87%	14.65%	11.11%	-6.30%	28.72%	11.56%	25.50%	-10.21%	18.03%
DFGEX DFA Global Real Estate Securities Portfolio	7.93%	7.92%	1.92%	9.54%	-23.84%	31.03%	-6.71%	26.32%	-4.12%	5.95%

Correlation

The correlation between FKMCX and DFGEX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.65

The correlation between FKMCX and DFGEX shifts across timeframes, from 0.50 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FKMCX vs. DFGEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FKMCX

FKMCX Risk / Return Rank: 62
FKMCX Sharpe Ratio Rank: 51
FKMCX Sortino Ratio Rank: 49
FKMCX Omega Ratio Rank: 46
FKMCX Calmar Ratio Rank: 83
FKMCX Martin Ratio Rank: 80

DFGEX

DFGEX Risk / Return Rank: 11
DFGEX Sharpe Ratio Rank: 11
DFGEX Sortino Ratio Rank: 10
DFGEX Omega Ratio Rank: 11
DFGEX Calmar Ratio Rank: 12
DFGEX Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FKMCX vs. DFGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid-Cap Stock Fund Class K (FKMCX) and DFA Global Real Estate Securities Portfolio (DFGEX). 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.

	FKMCX	DFGEX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	0.88	+1.24
Sortino ratio: Return per unit of downside risk	2.97	1.26	+1.70
Omega ratio: Gain probability vs. loss probability	1.37	1.16	+0.21
Calmar ratio: Return relative to maximum drawdown	3.86	1.13	+2.73
Martin ratio: Return relative to average drawdown	14.97	3.97	+11.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FKMCX vs. DFGEX - Sharpe Ratio Comparison

The current FKMCX Sharpe Ratio is 2.12, which is higher than the DFGEX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of FKMCX and DFGEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FKMCX	DFGEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	0.88	+1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.12	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.22	+0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.33	+0.15

Drawdowns

FKMCX vs. DFGEX - Drawdown Comparison

The maximum FKMCX drawdown since its inception was -59.55%, which is greater than DFGEX's maximum drawdown of -42.67%. Use the drawdown chart below to compare losses from any high point for FKMCX and DFGEX.

Drawdown Indicators

	FKMCX	DFGEX	Difference
Max Drawdown Largest peak-to-trough decline	-59.55%	-42.67%	-16.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-9.04%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-22.31%	-17.37%	-4.94%
Max Drawdown (5Y) Largest decline over 5 years	-22.31%	-32.78%	+10.47%
Max Drawdown (10Y) Largest decline over 10 years	-40.56%	-42.67%	+2.11%
Current Drawdown Current decline from peak	0.00%	-2.42%	+2.42%
Average Drawdown Average peak-to-trough decline	-7.55%	-9.65%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.57%	-0.37%

Volatility

FKMCX vs. DFGEX - Volatility Comparison

Fidelity Mid-Cap Stock Fund Class K (FKMCX) has a higher volatility of 5.06% compared to DFA Global Real Estate Securities Portfolio (DFGEX) at 3.45%. This indicates that FKMCX's price experiences larger fluctuations and is considered to be riskier than DFGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FKMCX	DFGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	3.45%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	12.29%	8.64%	+3.65%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	11.68%	+3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	16.27%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	17.71%	+0.91%

FKMCX vs. DFGEX - Expense Ratio Comparison

FKMCX has a 0.76% expense ratio, which is higher than DFGEX's 0.14% expense ratio.

Dividends

FKMCX vs. DFGEX - Dividend Comparison

FKMCX's dividend yield for the trailing twelve months is around 1.58%, less than DFGEX's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFGEX DFA Global Real Estate Securities Portfolio	3.77%	4.07%	3.78%	3.36%	5.70%	4.50%	2.29%	6.95%	5.09%	0.64%	0.32%	2.45%
FKMCX Fidelity Mid-Cap Stock Fund Class K	1.58%	1.85%	8.91%	2.69%	5.49%	12.87%	6.82%	6.73%	13.52%	6.66%	8.36%	14.27%

Frequently Asked Questions

Can I hold both FKMCX and DFGEX in my portfolio?

FKMCX and DFGEX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FKMCX or DFGEX?

FKMCX has higher volatility (5.06%) compared to DFGEX (3.45%). In terms of maximum drawdown, FKMCX dropped -59.55% vs DFGEX's -42.67%.

Which has better risk-adjusted returns?

FKMCX currently has the higher Sharpe Ratio (2.12 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.