FMDGX vs. JOPSX
FMDGX (Fidelity Mid Cap Growth Index Fund) and JOPSX (JOHCM International Opportunities Fund) are both mutual funds - FMDGX is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index, while JOPSX is a Foreign Large Cap Equities fund managed by JOHCM Funds. Over the past 5 years, FMDGX returned 4.37%/yr vs 20.08%/yr for JOPSX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. FMDGX charges 0.05%/yr vs 0.88%/yr for JOPSX.
Performance
FMDGX vs. JOPSX - Performance Comparison
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Returns By Period
In the year-to-date period, FMDGX achieves a 0.31% return, which is significantly lower than JOPSX's 11.95% return.
FMDGX
- 1D
- -0.28%
- 1M
- -4.14%
- 6M
- 0.83%
- YTD
- 0.31%
- 1Y
- -1.05%
- 3Y*
- 12.08%
- 5Y*
- 4.37%
- 10Y*
- —
- ALL TIME*
- 9.95%
JOPSX
- 1D
- -0.86%
- 1M
- 0.50%
- 6M
- 6.50%
- YTD
- 11.95%
- 1Y
- 21.49%
- 3Y*
- 16.15%
- 5Y*
- 20.08%
- 10Y*
- —
- ALL TIME*
- 14.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FMDGX vs. JOPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 0.31% | 8.60% | 22.03% | 25.79% | -26.67% | 12.67% | 34.84% | 4.63% |
JOPSX JOHCM International Opportunities Fund | 11.95% | 27.04% | 4.67% | 19.55% | -0.58% | 51.14% | 8.23% | 4.61% |
Correlation
The correlation between FMDGX and JOPSX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.56 |
The correlation between FMDGX and JOPSX has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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Return for Risk
FMDGX vs. JOPSX — Risk / Return Rank
FMDGX
JOPSX
FMDGX vs. JOPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Growth Index Fund (FMDGX) and JOHCM International Opportunities Fund (JOPSX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMDGX | JOPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.31 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.36 | -2.54 |
| Martin ratioReturn relative to average drawdown | -0.51 | 8.64 | -9.15 |
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Drawdowns
FMDGX vs. JOPSX - Drawdown Comparison
The maximum FMDGX drawdown since its inception was -38.59%, which is greater than JOPSX's maximum drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for FMDGX and JOPSX.
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Drawdown Indicators
| FMDGX | JOPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.59% | -30.41% | -8.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.75% | -9.86% | -4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -25.30% | -13.08% | -12.22% |
Max Drawdown (5Y)Largest decline over 5 years | -38.59% | -22.17% | -16.42% |
Current DrawdownCurrent decline from peak | -6.46% | -0.86% | -5.60% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -3.79% | -7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 2.67% | +2.63% |
Volatility
FMDGX vs. JOPSX - Volatility Comparison
Fidelity Mid Cap Growth Index Fund (FMDGX) has a higher volatility of 5.09% compared to JOHCM International Opportunities Fund (JOPSX) at 3.61%. This indicates that FMDGX's price experiences larger fluctuations and is considered to be riskier than JOPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMDGX | JOPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 3.61% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 10.09% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.60% | 13.69% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 26.67% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 21.61% | +2.61% |
FMDGX vs. JOPSX - Expense Ratio Comparison
FMDGX has a 0.05% expense ratio, which is lower than JOPSX's 0.88% expense ratio.
Dividends
FMDGX vs. JOPSX - Dividend Comparison
FMDGX's dividend yield for the trailing twelve months is around 1.85%, less than JOPSX's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 1.85% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% |
JOPSX JOHCM International Opportunities Fund | 2.50% | 2.80% | 5.80% | 0.61% | 2.13% | 47.16% | 2.30% | 2.24% | 2.00% | 6.26% |
Frequently Asked Questions
FMDGX and JOPSX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMDGX has higher volatility (5.09%) compared to JOPSX (3.61%). In terms of maximum drawdown, FMDGX dropped -38.59% vs JOPSX's -30.41%.
JOPSX currently has the higher Sharpe Ratio (1.71 vs -0.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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