FMDGX vs. VOO
Compare and contrast key facts about Fidelity Mid Cap Growth Index Fund (FMDGX) and Vanguard S&P 500 ETF (VOO).
FMDGX is managed by Fidelity. It was launched on Jul 11, 2019. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMDGX or VOO.
Correlation
The correlation between FMDGX and VOO 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. VOO - Performance Comparison
Key characteristics
FMDGX:
1.61
VOO:
2.30
FMDGX:
2.20
VOO:
3.05
FMDGX:
1.28
VOO:
1.43
FMDGX:
1.54
VOO:
3.39
FMDGX:
8.27
VOO:
15.10
FMDGX:
3.13%
VOO:
1.90%
FMDGX:
16.04%
VOO:
12.48%
FMDGX:
-38.59%
VOO:
-33.99%
FMDGX:
-5.80%
VOO:
-0.76%
Returns By Period
In the year-to-date period, FMDGX achieves a 25.57% return, which is significantly lower than VOO's 28.23% return.
FMDGX
25.57%
-2.89%
18.40%
25.85%
11.89%
N/A
VOO
28.23%
1.30%
11.10%
28.67%
15.07%
13.23%
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FMDGX vs. VOO - Expense Ratio Comparison
FMDGX has a 0.05% expense ratio, which is higher than VOO'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%.
Risk-Adjusted Performance
FMDGX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Growth Index Fund (FMDGX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FMDGX's dividend yield for the trailing twelve months is around 0.21%, less than VOO's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.21% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FMDGX vs. VOO - Drawdown Comparison
The maximum FMDGX drawdown since its inception was -38.59%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FMDGX and VOO. For additional features, visit the drawdowns tool.
Volatility
FMDGX vs. VOO - Volatility Comparison
Fidelity Mid Cap Growth Index Fund (FMDGX) has a higher volatility of 6.00% compared to Vanguard S&P 500 ETF (VOO) at 3.90%. This indicates that FMDGX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.