FKMCX vs. FXAIX
Compare and contrast key facts about Fidelity Mid-Cap Stock Fund Class K (FKMCX) and Fidelity 500 Index Fund (FXAIX).
FKMCX is managed by Fidelity. It was launched on May 9, 2008. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FKMCX vs. FXAIX - Performance Comparison
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FKMCX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKMCX Fidelity Mid-Cap Stock Fund Class K | 4.68% | 11.87% | 14.65% | 11.11% | -6.30% | 28.72% | 11.56% | 25.50% | -10.21% | 18.03% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FKMCX achieves a 4.68% return, which is significantly higher than FXAIX's -4.34% return. Over the past 10 years, FKMCX has underperformed FXAIX with an annualized return of 11.64%, while FXAIX has yielded a comparatively higher 14.08% annualized return.
FKMCX
- 1D
- 3.15%
- 1M
- -5.67%
- YTD
- 4.68%
- 6M
- 7.97%
- 1Y
- 23.47%
- 3Y*
- 13.78%
- 5Y*
- 9.11%
- 10Y*
- 11.64%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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FKMCX vs. FXAIX - Expense Ratio Comparison
FKMCX has a 0.76% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FKMCX vs. FXAIX — Risk / Return Rank
FKMCX
FXAIX
FKMCX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid-Cap Stock Fund Class K (FKMCX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.97 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.49 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.52 | +0.17 |
Martin ratioReturn relative to average drawdown | 7.62 | 7.30 | +0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FKMCX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.97 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.70 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.76 | -0.31 |
Correlation
The correlation between FKMCX and FXAIX is 0.87, 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.
Dividends
FKMCX vs. FXAIX - Dividend Comparison
FKMCX's dividend yield for the trailing twelve months is around 1.77%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKMCX Fidelity Mid-Cap Stock Fund Class K | 1.77% | 1.85% | 8.91% | 2.69% | 5.49% | 12.87% | 6.82% | 6.73% | 13.52% | 6.66% | 8.36% | 14.27% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FKMCX vs. FXAIX - Drawdown Comparison
The maximum FKMCX drawdown since its inception was -59.55%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FKMCX and FXAIX.
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Drawdown Indicators
| FKMCX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.55% | -33.79% | -25.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.27% | -12.13% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -24.50% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -33.79% | -6.77% |
Current DrawdownCurrent decline from peak | -5.67% | -6.23% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -3.83% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.53% | +0.42% |
Volatility
FKMCX vs. FXAIX - Volatility Comparison
Fidelity Mid-Cap Stock Fund Class K (FKMCX) has a higher volatility of 7.26% compared to Fidelity 500 Index Fund (FXAIX) at 5.34%. This indicates that FKMCX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKMCX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 5.34% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 9.53% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 18.32% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 16.92% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 18.05% | +0.50% |