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FMDGX vs. FSMDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FMDGX and FSMDX is 0.90, 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.


-0.50.00.51.00.9

Performance

FMDGX vs. FSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mid Cap Growth Index Fund (FMDGX) and Fidelity Mid Cap Index Fund (FSMDX). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
18.28%
9.57%
FMDGX
FSMDX

Key characteristics

Sharpe Ratio

FMDGX:

1.61

FSMDX:

1.14

Sortino Ratio

FMDGX:

2.20

FSMDX:

1.62

Omega Ratio

FMDGX:

1.28

FSMDX:

1.20

Calmar Ratio

FMDGX:

1.54

FSMDX:

1.44

Martin Ratio

FMDGX:

8.27

FSMDX:

5.82

Ulcer Index

FMDGX:

3.13%

FSMDX:

2.61%

Daily Std Dev

FMDGX:

16.04%

FSMDX:

13.29%

Max Drawdown

FMDGX:

-38.59%

FSMDX:

-40.35%

Current Drawdown

FMDGX:

-5.80%

FSMDX:

-7.53%

Returns By Period

In the year-to-date period, FMDGX achieves a 25.57% return, which is significantly higher than FSMDX's 14.84% return.


FMDGX

YTD

25.57%

1M

-2.89%

6M

18.40%

1Y

25.85%

5Y*

11.89%

10Y*

N/A

FSMDX

YTD

14.84%

1M

-6.60%

6M

9.36%

1Y

15.18%

5Y*

9.00%

10Y*

8.38%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FMDGX vs. FSMDX - Expense Ratio Comparison

FMDGX has a 0.05% expense ratio, which is higher than FSMDX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


FMDGX
Fidelity Mid Cap Growth Index Fund
Expense ratio chart for FMDGX: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%
Expense ratio chart for FSMDX: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

FMDGX vs. FSMDX - 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 Index Fund (FSMDX). 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.


Sharpe ratio
The chart of Sharpe ratio for FMDGX, currently valued at 1.61, compared to the broader market-1.000.001.002.003.004.001.611.14
The chart of Sortino ratio for FMDGX, currently valued at 2.20, compared to the broader market-2.000.002.004.006.008.0010.002.201.62
The chart of Omega ratio for FMDGX, currently valued at 1.28, compared to the broader market0.501.001.502.002.503.003.501.281.20
The chart of Calmar ratio for FMDGX, currently valued at 1.54, compared to the broader market0.002.004.006.008.0010.0012.0014.001.541.44
The chart of Martin ratio for FMDGX, currently valued at 8.27, compared to the broader market0.0020.0040.0060.008.275.82
FMDGX
FSMDX

The current FMDGX Sharpe Ratio is 1.61, which is higher than the FSMDX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of FMDGX and FSMDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.61
1.14
FMDGX
FSMDX

Dividends

FMDGX vs. FSMDX - Dividend Comparison

FMDGX's dividend yield for the trailing twelve months is around 0.21%, more than FSMDX's 0.03% yield.


TTM20232022202120202019201820172016201520142013
FMDGX
Fidelity Mid Cap Growth Index Fund
0.21%0.63%0.81%0.42%0.36%0.27%0.00%0.00%0.00%0.00%0.00%0.00%
FSMDX
Fidelity Mid Cap Index Fund
0.03%1.39%1.59%1.10%1.37%1.42%1.85%1.32%1.35%2.29%3.82%2.74%

Drawdowns

FMDGX vs. FSMDX - Drawdown Comparison

The maximum FMDGX drawdown since its inception was -38.59%, roughly equal to the maximum FSMDX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FMDGX and FSMDX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.80%
-7.53%
FMDGX
FSMDX

Volatility

FMDGX vs. FSMDX - Volatility Comparison

Fidelity Mid Cap Growth Index Fund (FMDGX) has a higher volatility of 6.00% compared to Fidelity Mid Cap Index Fund (FSMDX) at 4.20%. This indicates that FMDGX's price experiences larger fluctuations and is considered to be riskier than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
6.00%
4.20%
FMDGX
FSMDX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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