FMEIX vs. FSMDX
Compare and contrast key facts about Fidelity Mid Cap Enhanced Index Fund (FMEIX) and Fidelity Mid Cap Index Fund (FSMDX).
FMEIX is managed by Fidelity. It was launched on Dec 20, 2007. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMEIX or FSMDX.
Performance
FMEIX vs. FSMDX - Performance Comparison
Returns By Period
FMEIX
N/A
N/A
N/A
N/A
N/A
N/A
FSMDX
22.95%
6.91%
15.54%
34.26%
10.95%
9.35%
Key characteristics
| FMEIX | FSMDX |
|---|
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FMEIX vs. FSMDX - Expense Ratio Comparison
FMEIX has a 0.45% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Correlation
The correlation between FMEIX and FSMDX is 0.94, 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
FMEIX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Enhanced Index Fund (FMEIX) and Fidelity Mid Cap Index Fund (FSMDX). 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
FMEIX vs. FSMDX - Dividend Comparison
FMEIX has not paid dividends to shareholders, while FSMDX's dividend yield for the trailing twelve months is around 0.93%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMEIX Fidelity Mid Cap Enhanced Index Fund | 0.00% | 1.59% | 3.40% | 13.85% | 3.45% | 3.85% | 10.62% | 6.61% | 1.30% | 1.79% | 10.21% | 5.77% |
FSMDX Fidelity Mid Cap Index Fund | 0.93% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
Drawdowns
FMEIX vs. FSMDX - Drawdown Comparison
Volatility
FMEIX vs. FSMDX - Volatility Comparison
The current volatility for Fidelity Mid Cap Enhanced Index Fund (FMEIX) is 0.00%, while Fidelity Mid Cap Index Fund (FSMDX) has a volatility of 4.29%. This indicates that FMEIX experiences smaller price fluctuations and is considered to be less risky than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.