FMDGX vs. VDE
Compare and contrast key facts about Fidelity Mid Cap Growth Index Fund (FMDGX) and Vanguard Energy ETF (VDE).
FMDGX is managed by Fidelity. It was launched on Jul 11, 2019. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDGX or VDE.
Key characteristics
| FMDGX | VDE | |
|---|---|---|
| YTD Return | 9.28% | 3.18% |
| 1Y Return | 21.96% | -5.83% |
| 3Y Return (Ann) | -0.25% | 25.15% |
| 5Y Return (Ann) | 10.24% | 12.63% |
| Sharpe Ratio | 1.32 | -0.25 |
| Daily Std Dev | 16.02% | 18.55% |
| Max Drawdown | -38.59% | -74.16% |
| Current Drawdown | -5.70% | -12.13% |
Correlation
The correlation between FMDGX and VDE is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FMDGX vs. VDE - Performance Comparison
In the year-to-date period, FMDGX achieves a 9.28% return, which is significantly higher than VDE's 3.18% 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. VDE - Expense Ratio Comparison
FMDGX has a 0.05% expense ratio, which is lower than VDE's 0.10% expense ratio. Despite the difference, 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. VDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Growth Index Fund (FMDGX) and Vanguard Energy ETF (VDE). 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. VDE - Dividend Comparison
FMDGX's dividend yield for the trailing twelve months is around 0.55%, less than VDE's 3.21% 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% |
VDE Vanguard Energy ETF | 3.21% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% | 1.74% |
Drawdowns
FMDGX vs. VDE - Drawdown Comparison
The maximum FMDGX drawdown since its inception was -38.59%, smaller than the maximum VDE drawdown of -74.16%. Use the drawdown chart below to compare losses from any high point for FMDGX and VDE. For additional features, visit the drawdowns tool.
Volatility
FMDGX vs. VDE - Volatility Comparison
The current volatility for Fidelity Mid Cap Growth Index Fund (FMDGX) is 5.22%, while Vanguard Energy ETF (VDE) has a volatility of 5.74%. This indicates that FMDGX experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.