Correlation
The correlation between FKMCX and VO is 0.88, 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.
FKMCX vs. VO
Compare and contrast key facts about Fidelity Mid-Cap Stock Fund Class K (FKMCX) and Vanguard Mid-Cap ETF (VO).
FKMCX is managed by Fidelity. It was launched on May 9, 2008. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKMCX or VO.
Performance
FKMCX vs. VO - Performance Comparison
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Key characteristics
FKMCX:
0.38
VO:
0.75
FKMCX:
0.63
VO:
1.08
FKMCX:
1.08
VO:
1.15
FKMCX:
0.32
VO:
0.67
FKMCX:
1.04
VO:
2.42
FKMCX:
6.88%
VO:
5.25%
FKMCX:
20.67%
VO:
18.33%
FKMCX:
-59.55%
VO:
-58.88%
FKMCX:
-7.95%
VO:
-4.27%
Returns By Period
In the year-to-date period, FKMCX achieves a -1.01% return, which is significantly lower than VO's 2.74% return. Both investments have delivered pretty close results over the past 10 years, with FKMCX having a 9.64% annualized return and VO not far behind at 9.35%.
FKMCX
-1.01%
5.28%
-7.52%
6.73%
7.08%
14.69%
9.64%
VO
2.74%
5.17%
-4.27%
12.64%
9.32%
12.66%
9.35%
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FKMCX vs. VO - Expense Ratio Comparison
FKMCX has a 0.76% expense ratio, which is higher than VO's 0.04% expense ratio.
Risk-Adjusted Performance
FKMCX vs. VO — Risk-Adjusted Performance Rank
FKMCX
VO
FKMCX vs. VO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid-Cap Stock Fund Class K (FKMCX) and Vanguard Mid-Cap ETF (VO). 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.
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Dividends
FKMCX vs. VO - Dividend Comparison
FKMCX's dividend yield for the trailing twelve months is around 9.00%, more than VO's 1.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKMCX Fidelity Mid-Cap Stock Fund Class K | 9.00% | 8.91% | 2.69% | 5.49% | 12.87% | 6.82% | 6.73% | 18.71% | 7.33% | 8.36% | 14.50% | 10.12% |
VO Vanguard Mid-Cap ETF | 1.53% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% |
Drawdowns
FKMCX vs. VO - Drawdown Comparison
The maximum FKMCX drawdown since its inception was -59.55%, roughly equal to the maximum VO drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for FKMCX and VO.
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Volatility
FKMCX vs. VO - Volatility Comparison
Fidelity Mid-Cap Stock Fund Class K (FKMCX) has a higher volatility of 5.15% compared to Vanguard Mid-Cap ETF (VO) at 4.46%. This indicates that FKMCX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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