Correlation
The correlation between FLVCX and XMMO is 0.83, 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.
FLVCX vs. XMMO
Compare and contrast key facts about Fidelity Leveraged Company Stock Fund (FLVCX) and Invesco S&P MidCap Momentum ETF (XMMO).
FLVCX is managed by Fidelity. It was launched on Dec 19, 2000. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLVCX or XMMO.
Performance
FLVCX vs. XMMO - Performance Comparison
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Key characteristics
FLVCX:
0.36
XMMO:
0.39
FLVCX:
0.62
XMMO:
0.66
FLVCX:
1.09
XMMO:
1.09
FLVCX:
0.32
XMMO:
0.35
FLVCX:
0.99
XMMO:
1.02
FLVCX:
9.28%
XMMO:
8.56%
FLVCX:
29.82%
XMMO:
24.56%
FLVCX:
-70.03%
XMMO:
-55.37%
FLVCX:
-8.23%
XMMO:
-8.46%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FLVCX at 0.89% and XMMO at 0.89%. Over the past 10 years, FLVCX has underperformed XMMO with an annualized return of 9.91%, while XMMO has yielded a comparatively higher 15.15% annualized return.
FLVCX
0.89%
11.40%
-4.75%
10.52%
13.47%
17.47%
9.91%
XMMO
0.89%
7.78%
-7.80%
9.54%
16.34%
16.69%
15.15%
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FLVCX vs. XMMO - Expense Ratio Comparison
FLVCX has a 0.74% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Risk-Adjusted Performance
FLVCX vs. XMMO — Risk-Adjusted Performance Rank
FLVCX
XMMO
FLVCX vs. XMMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund (FLVCX) and Invesco S&P MidCap Momentum ETF (XMMO). 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
FLVCX vs. XMMO - Dividend Comparison
FLVCX's dividend yield for the trailing twelve months is around 14.41%, more than XMMO's 0.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLVCX Fidelity Leveraged Company Stock Fund | 14.41% | 14.53% | 12.19% | 18.49% | 8.40% | 0.11% | 0.10% | 19.91% | 19.08% | 27.48% | 7.18% | 0.76% |
XMMO Invesco S&P MidCap Momentum ETF | 0.49% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% |
Drawdowns
FLVCX vs. XMMO - Drawdown Comparison
The maximum FLVCX drawdown since its inception was -70.03%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for FLVCX and XMMO.
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Volatility
FLVCX vs. XMMO - Volatility Comparison
Fidelity Leveraged Company Stock Fund (FLVCX) has a higher volatility of 7.07% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 5.25%. This indicates that FLVCX's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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