FLAPX vs. IJH
Compare and contrast key facts about Fidelity Flex Mid Cap Index Fund (FLAPX) and iShares Core S&P Mid-Cap ETF (IJH).
FLAPX is managed by Fidelity. It was launched on Mar 9, 2017. IJH is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLAPX or IJH.
Key characteristics
| FLAPX | IJH | |
|---|---|---|
| YTD Return | 20.42% | 20.05% |
| 1Y Return | 39.06% | 38.95% |
| 3Y Return (Ann) | 4.64% | 6.02% |
| 5Y Return (Ann) | 11.87% | 12.25% |
| Sharpe Ratio | 2.78 | 2.29 |
| Sortino Ratio | 3.85 | 3.22 |
| Omega Ratio | 1.48 | 1.40 |
| Calmar Ratio | 2.10 | 2.57 |
| Martin Ratio | 16.30 | 13.72 |
| Ulcer Index | 2.32% | 2.73% |
| Daily Std Dev | 13.58% | 16.35% |
| Max Drawdown | -40.31% | -55.07% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FLAPX and IJH is 0.97, 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
FLAPX vs. IJH - Performance Comparison
The year-to-date returns for both stocks are quite close, with FLAPX having a 20.42% return and IJH slightly lower at 20.05%. 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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FLAPX vs. IJH - Expense Ratio Comparison
FLAPX has a 0.00% expense ratio, which is lower than IJH's 0.06% 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
FLAPX vs. IJH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Mid Cap Index Fund (FLAPX) and iShares Core S&P Mid-Cap ETF (IJH). 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
FLAPX vs. IJH - Dividend Comparison
FLAPX's dividend yield for the trailing twelve months is around 1.22%, which matches IJH's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 1.22% | 1.48% | 1.63% | 1.06% | 1.34% | 1.39% | 1.84% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
IJH iShares Core S&P Mid-Cap ETF | 1.22% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% | 1.34% | 1.29% |
Drawdowns
FLAPX vs. IJH - Drawdown Comparison
The maximum FLAPX drawdown since its inception was -40.31%, smaller than the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for FLAPX and IJH. For additional features, visit the drawdowns tool.
Volatility
FLAPX vs. IJH - Volatility Comparison
The current volatility for Fidelity Flex Mid Cap Index Fund (FLAPX) is 4.08%, while iShares Core S&P Mid-Cap ETF (IJH) has a volatility of 5.26%. This indicates that FLAPX experiences smaller price fluctuations and is considered to be less risky than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.