FLAPX vs. VO
Compare and contrast key facts about Fidelity Flex Mid Cap Index Fund (FLAPX) and Vanguard Mid-Cap ETF (VO).
FLAPX is managed by Fidelity. It was launched on Mar 9, 2017. 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: FLAPX or VO.
Key characteristics
| FLAPX | VO | |
|---|---|---|
| YTD Return | 21.52% | 21.60% |
| 1Y Return | 38.60% | 37.45% |
| 3Y Return (Ann) | 5.00% | 4.25% |
| 5Y Return (Ann) | 12.09% | 12.05% |
| Sharpe Ratio | 2.98 | 3.09 |
| Sortino Ratio | 4.10 | 4.26 |
| Omega Ratio | 1.52 | 1.55 |
| Calmar Ratio | 2.36 | 2.11 |
| Martin Ratio | 17.42 | 19.12 |
| Ulcer Index | 2.32% | 2.04% |
| Daily Std Dev | 13.54% | 12.64% |
| Max Drawdown | -40.31% | -58.89% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FLAPX and VO is 0.99, 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. VO - Performance Comparison
The year-to-date returns for both investments are quite close, with FLAPX having a 21.52% return and VO slightly higher at 21.60%. 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. VO - Expense Ratio Comparison
FLAPX has a 0.00% expense ratio, which is lower than VO's 0.04% 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. VO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Mid Cap Index Fund (FLAPX) 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.
Dividends
FLAPX vs. VO - Dividend Comparison
FLAPX's dividend yield for the trailing twelve months is around 1.21%, less than VO's 1.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 1.21% | 1.48% | 1.63% | 1.06% | 1.34% | 1.39% | 1.84% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
VO Vanguard Mid-Cap ETF | 1.45% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.18% |
Drawdowns
FLAPX vs. VO - Drawdown Comparison
The maximum FLAPX drawdown since its inception was -40.31%, smaller than the maximum VO drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for FLAPX and VO. For additional features, visit the drawdowns tool.
Volatility
FLAPX vs. VO - Volatility Comparison
Fidelity Flex Mid Cap Index Fund (FLAPX) has a higher volatility of 4.00% compared to Vanguard Mid-Cap ETF (VO) at 3.80%. This indicates that FLAPX'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.