FMDGX vs. VMGIX
Compare and contrast key facts about Fidelity Mid Cap Growth Index Fund (FMDGX) and Vanguard Mid-Cap Growth Index Fund (VMGIX).
FMDGX is managed by Fidelity. It was launched on Jul 11, 2019. VMGIX is managed by Vanguard. It was launched on Aug 17, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDGX or VMGIX.
Correlation
The correlation between FMDGX and VMGIX 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. VMGIX - Performance Comparison
Key characteristics
FMDGX:
0.69
VMGIX:
0.66
FMDGX:
1.10
VMGIX:
1.04
FMDGX:
1.15
VMGIX:
1.15
FMDGX:
0.68
VMGIX:
0.66
FMDGX:
2.29
VMGIX:
2.39
FMDGX:
7.46%
VMGIX:
6.00%
FMDGX:
24.68%
VMGIX:
21.83%
FMDGX:
-38.85%
VMGIX:
-60.20%
FMDGX:
-10.21%
VMGIX:
-8.11%
Returns By Period
In the year-to-date period, FMDGX achieves a -1.03% return, which is significantly lower than VMGIX's 0.13% return.
FMDGX
-1.03%
18.37%
5.06%
15.68%
11.68%
N/A
VMGIX
0.13%
14.98%
3.95%
12.29%
12.33%
9.61%
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FMDGX vs. VMGIX - Expense Ratio Comparison
FMDGX has a 0.05% expense ratio, which is lower than VMGIX's 0.19% 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. VMGIX — Risk-Adjusted Performance Rank
FMDGX
VMGIX
FMDGX vs. VMGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Growth Index Fund (FMDGX) and Vanguard Mid-Cap Growth Index Fund (VMGIX). 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. VMGIX - Dividend Comparison
FMDGX's dividend yield for the trailing twelve months is around 0.47%, less than VMGIX's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 0.47% | 0.47% | 0.63% | 0.81% | 0.42% | 0.36% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMGIX Vanguard Mid-Cap Growth Index Fund | 0.57% | 0.56% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% | 0.64% |
Drawdowns
FMDGX vs. VMGIX - Drawdown Comparison
The maximum FMDGX drawdown since its inception was -38.85%, smaller than the maximum VMGIX drawdown of -60.20%. Use the drawdown chart below to compare losses from any high point for FMDGX and VMGIX. For additional features, visit the drawdowns tool.
Volatility
FMDGX vs. VMGIX - Volatility Comparison
Fidelity Mid Cap Growth Index Fund (FMDGX) has a higher volatility of 15.01% compared to Vanguard Mid-Cap Growth Index Fund (VMGIX) at 13.61%. This indicates that FMDGX's price experiences larger fluctuations and is considered to be riskier than VMGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.