FMDGX vs. FMEIX
Compare and contrast key facts about Fidelity Mid Cap Growth Index Fund (FMDGX) and Fidelity Mid Cap Enhanced Index Fund (FMEIX).
FMDGX is managed by Fidelity. It was launched on Jul 11, 2019. FMEIX is managed by Fidelity. It was launched on Dec 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDGX or FMEIX.
Key characteristics
| FMDGX | FMEIX |
|---|
Correlation
The correlation between FMDGX and FMEIX is 0.84, 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
FMDGX vs. FMEIX - Performance Comparison
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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FMDGX vs. FMEIX - Expense Ratio Comparison
FMDGX has a 0.05% expense ratio, which is lower than FMEIX's 0.45% expense ratio.
Risk-Adjusted Performance
FMDGX vs. FMEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Growth Index Fund (FMDGX) and Fidelity Mid Cap Enhanced Index Fund (FMEIX). 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
FMDGX vs. FMEIX - Dividend Comparison
FMDGX's dividend yield for the trailing twelve months is around 0.55%, while FMEIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 0.55% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMEIX Fidelity Mid Cap Enhanced Index Fund | 1.59% | 1.59% | 3.40% | 13.85% | 3.45% | 3.85% | 10.62% | 6.61% | 1.30% | 1.79% | 10.21% | 5.77% |
Drawdowns
FMDGX vs. FMEIX - Drawdown Comparison
Volatility
FMDGX vs. FMEIX - Volatility Comparison
Fidelity Mid Cap Growth Index Fund (FMDGX) has a higher volatility of 4.91% compared to Fidelity Mid Cap Enhanced Index Fund (FMEIX) at 0.00%. This indicates that FMDGX's price experiences larger fluctuations and is considered to be riskier than FMEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.