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.
Key characteristics
| FMDGX | VOO | |
|---|---|---|
| YTD Return | 10.32% | 18.91% |
| 1Y Return | 23.83% | 28.20% |
| 3Y Return (Ann) | 0.06% | 9.93% |
| 5Y Return (Ann) | 10.58% | 15.31% |
| Sharpe Ratio | 1.47 | 2.21 |
| Daily Std Dev | 15.98% | 12.64% |
| Max Drawdown | -38.59% | -33.99% |
| Current Drawdown | -4.81% | -0.60% |
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
In the year-to-date period, FMDGX achieves a 10.32% return, which is significantly lower than VOO's 18.91% 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. 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 0.55%, less than VOO's 1.28% 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% |
VOO Vanguard S&P 500 ETF | 1.28% | 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 4.91% compared to Vanguard S&P 500 ETF (VOO) at 3.83%. 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.