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.
Performance
FMDGX vs. VOO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FMDGX having a 25.42% return and VOO slightly higher at 25.52%.
FMDGX
25.42%
7.28%
17.28%
37.32%
12.60%
N/A
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| FMDGX | VOO | |
|---|---|---|
| Sharpe Ratio | 2.43 | 2.62 |
| Sortino Ratio | 3.28 | 3.50 |
| Omega Ratio | 1.42 | 1.49 |
| Calmar Ratio | 1.76 | 3.78 |
| Martin Ratio | 12.72 | 17.12 |
| Ulcer Index | 2.92% | 1.86% |
| Daily Std Dev | 15.34% | 12.19% |
| Max Drawdown | -38.59% | -33.99% |
| Current Drawdown | -1.17% | -1.36% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
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.
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 0.48%, less than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 0.48% | 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 | 1.25% | 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 5.55% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. 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.