FMED vs. VOO
Compare and contrast key facts about Fidelity Disruptive Medicine ETF (FMED) and Vanguard S&P 500 ETF (VOO).
FMED and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMED is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. 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: FMED or VOO.
Key characteristics
| FMED | VOO | |
|---|---|---|
| YTD Return | 8.32% | 26.59% |
| 1Y Return | 26.61% | 38.23% |
| Sharpe Ratio | 1.60 | 3.11 |
| Sortino Ratio | 2.29 | 4.14 |
| Omega Ratio | 1.28 | 1.58 |
| Calmar Ratio | 1.21 | 4.54 |
| Martin Ratio | 7.10 | 20.72 |
| Ulcer Index | 3.58% | 1.85% |
| Daily Std Dev | 15.95% | 12.33% |
| Max Drawdown | -21.84% | -33.99% |
| Current Drawdown | -1.25% | 0.00% |
Correlation
The correlation between FMED and VOO is 0.62, 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. VOO - Performance Comparison
In the year-to-date period, FMED achieves a 8.32% return, which is significantly lower than VOO's 26.59% 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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FMED vs. VOO - Expense Ratio Comparison
FMED has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FMED vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Medicine ETF (FMED) 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
FMED vs. VOO - Dividend Comparison
FMED has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.24%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMED Fidelity Disruptive Medicine ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FMED vs. VOO - Drawdown Comparison
The maximum FMED drawdown since its inception was -21.84%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FMED and VOO. For additional features, visit the drawdowns tool.
Volatility
FMED vs. VOO - Volatility Comparison
The current volatility for Fidelity Disruptive Medicine ETF (FMED) is 3.52%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.95%. This indicates that FMED experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.