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:
0.65
VOO:
1.17
FMDGX:
0.97
VOO:
1.62
FMDGX:
1.12
VOO:
1.22
FMDGX:
0.77
VOO:
1.81
FMDGX:
2.83
VOO:
7.10
FMDGX:
3.90%
VOO:
2.15%
FMDGX:
17.04%
VOO:
13.03%
FMDGX:
-38.85%
VOO:
-33.99%
FMDGX:
-11.70%
VOO:
-4.84%
Returns By Period
In the year-to-date period, FMDGX achieves a -2.68% return, which is significantly lower than VOO's -0.45% return.
FMDGX
-2.68%
-8.10%
11.78%
11.79%
10.96%
N/A
VOO
-0.45%
-2.42%
6.62%
16.58%
16.31%
12.95%
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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 Rank
FMDGX
VOO
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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 0.48% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FMDGX vs. VOO - Drawdown Comparison
The maximum FMDGX drawdown since its inception was -38.85%, 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 6.12% compared to Vanguard S&P 500 ETF (VOO) at 4.30%. 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.