FMEIX vs. OEGYX
Compare and contrast key facts about Fidelity Mid Cap Enhanced Index Fund (FMEIX) and Invesco Discovery Mid Cap Growth Fund (OEGYX).
FMEIX is managed by Fidelity. It was launched on Dec 20, 2007. OEGYX is managed by Invesco. It was launched on Nov 1, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMEIX or OEGYX.
Performance
FMEIX vs. OEGYX - Performance Comparison
Returns By Period
FMEIX
N/A
N/A
N/A
N/A
N/A
N/A
OEGYX
34.41%
10.66%
16.78%
42.46%
7.64%
6.60%
Key characteristics
| FMEIX | OEGYX |
|---|
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMEIX vs. OEGYX - Expense Ratio Comparison
FMEIX has a 0.45% expense ratio, which is lower than OEGYX's 0.78% expense ratio.
Correlation
The correlation between FMEIX and OEGYX is 0.87, 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. OEGYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Enhanced Index Fund (FMEIX) and Invesco Discovery Mid Cap Growth Fund (OEGYX). 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. OEGYX - Dividend Comparison
Neither FMEIX nor OEGYX has paid dividends to shareholders.
| 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% |
OEGYX Invesco Discovery Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMEIX vs. OEGYX - Drawdown Comparison
Volatility
FMEIX vs. OEGYX - Volatility Comparison
The current volatility for Fidelity Mid Cap Enhanced Index Fund (FMEIX) is 0.00%, while Invesco Discovery Mid Cap Growth Fund (OEGYX) has a volatility of 5.93%. This indicates that FMEIX experiences smaller price fluctuations and is considered to be less risky than OEGYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.