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.
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
Key characteristics
FLAPX:
1.22
IJH:
0.93
FLAPX:
1.72
IJH:
1.38
FLAPX:
1.21
IJH:
1.17
FLAPX:
2.02
IJH:
1.84
FLAPX:
6.78
IJH:
5.22
FLAPX:
2.42%
IJH:
2.87%
FLAPX:
13.43%
IJH:
16.08%
FLAPX:
-40.31%
IJH:
-55.06%
FLAPX:
-7.41%
IJH:
-8.11%
Returns By Period
In the year-to-date period, FLAPX achieves a 14.93% return, which is significantly higher than IJH's 13.56% return.
FLAPX
14.93%
-3.43%
9.29%
15.28%
9.95%
N/A
IJH
13.56%
-3.00%
7.09%
13.46%
10.25%
9.63%
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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 0.28%, less than IJH's 1.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 0.28% | 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 | 1.72% | 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 -55.06%. 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 4.63%, while iShares Core S&P Mid-Cap ETF (IJH) has a volatility of 5.31%. 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.