FMDGX vs. FXAIX
Compare and contrast key facts about Fidelity Mid Cap Growth Index Fund (FMDGX) and Fidelity 500 Index Fund (FXAIX).
FMDGX is managed by Fidelity. It was launched on Jul 11, 2019. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDGX or FXAIX.
Key characteristics
| FMDGX | FXAIX | |
|---|---|---|
| YTD Return | 10.51% | 19.32% |
| 1Y Return | 23.63% | 28.37% |
| 3Y Return (Ann) | 0.12% | 10.05% |
| 5Y Return (Ann) | 10.50% | 15.28% |
| Sharpe Ratio | 1.46 | 2.24 |
| Daily Std Dev | 15.98% | 12.70% |
| Max Drawdown | -38.59% | -33.79% |
| Current Drawdown | -4.65% | -0.33% |
Correlation
The correlation between FMDGX and FXAIX is 0.88, 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. FXAIX - Performance Comparison
In the year-to-date period, FMDGX achieves a 10.51% return, which is significantly lower than FXAIX's 19.32% return. 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. FXAIX - Expense Ratio Comparison
FMDGX has a 0.05% expense ratio, which is higher than FXAIX's 0.02% 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%.
Risk-Adjusted Performance
FMDGX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Growth Index Fund (FMDGX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FMDGX's dividend yield for the trailing twelve months is around 0.55%, less than FXAIX's 1.24% yield.
| 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% |
FXAIX Fidelity 500 Index Fund | 1.24% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
FMDGX vs. FXAIX - Drawdown Comparison
The maximum FMDGX drawdown since its inception was -38.59%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FMDGX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FMDGX vs. FXAIX - Volatility Comparison
Fidelity Mid Cap Growth Index Fund (FMDGX) has a higher volatility of 4.96% compared to Fidelity 500 Index Fund (FXAIX) at 4.09%. This indicates that FMDGX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.