FMED vs. INDEX
Compare and contrast key facts about Fidelity Disruptive Medicine ETF (FMED) and Index Funds S&P 500 Equal Weight (INDEX).
FMED is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. INDEX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMED or INDEX.
Correlation
The correlation between FMED and INDEX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FMED vs. INDEX - Performance Comparison
Key characteristics
FMED:
0.29
INDEX:
1.79
FMED:
0.50
INDEX:
2.42
FMED:
1.06
INDEX:
1.33
FMED:
0.51
INDEX:
2.72
FMED:
1.08
INDEX:
10.82
FMED:
4.02%
INDEX:
2.10%
FMED:
15.18%
INDEX:
12.76%
FMED:
-21.84%
INDEX:
-38.82%
FMED:
-1.82%
INDEX:
0.00%
Returns By Period
In the year-to-date period, FMED achieves a 5.93% return, which is significantly higher than INDEX's 4.58% return.
FMED
5.93%
3.17%
2.35%
4.94%
N/A
N/A
INDEX
4.58%
2.56%
9.18%
24.09%
12.05%
N/A
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FMED vs. INDEX - Expense Ratio Comparison
FMED has a 0.50% expense ratio, which is higher than INDEX's 0.25% expense ratio.
Risk-Adjusted Performance
FMED vs. INDEX — Risk-Adjusted Performance Rank
FMED
INDEX
FMED vs. INDEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Medicine ETF (FMED) and Index Funds S&P 500 Equal Weight (INDEX). 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
FMED vs. INDEX - Dividend Comparison
FMED's dividend yield for the trailing twelve months is around 0.43%, less than INDEX's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FMED Fidelity Disruptive Medicine ETF | 0.43% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDEX Index Funds S&P 500 Equal Weight | 1.28% | 1.34% | 1.56% | 1.21% | 1.09% | 1.53% | 1.61% | 1.82% | 1.15% | 1.15% | 1.19% |
Drawdowns
FMED vs. INDEX - Drawdown Comparison
The maximum FMED drawdown since its inception was -21.84%, smaller than the maximum INDEX drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for FMED and INDEX. For additional features, visit the drawdowns tool.
Volatility
FMED vs. INDEX - Volatility Comparison
Fidelity Disruptive Medicine ETF (FMED) has a higher volatility of 4.30% compared to Index Funds S&P 500 Equal Weight (INDEX) at 3.05%. This indicates that FMED's price experiences larger fluctuations and is considered to be riskier than INDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.