Correlation
The correlation between FMSFX and VMBS is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FMSFX vs. VMBS
Compare and contrast key facts about Fidelity Mortgage Securities Fund (FMSFX) and Vanguard Mortgage-Backed Securities ETF (VMBS).
FMSFX is managed by Fidelity. It was launched on Dec 31, 1984. VMBS is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMSFX or VMBS.
Performance
FMSFX vs. VMBS - Performance Comparison
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Key characteristics
FMSFX:
1.02
VMBS:
1.13
FMSFX:
1.40
VMBS:
1.40
FMSFX:
1.17
VMBS:
1.17
FMSFX:
0.52
VMBS:
0.52
FMSFX:
2.35
VMBS:
2.81
FMSFX:
2.43%
VMBS:
2.02%
FMSFX:
5.99%
VMBS:
5.92%
FMSFX:
-18.42%
VMBS:
-17.52%
FMSFX:
-6.57%
VMBS:
-5.03%
Returns By Period
In the year-to-date period, FMSFX achieves a 1.71% return, which is significantly lower than VMBS's 2.16% return. Both investments have delivered pretty close results over the past 10 years, with FMSFX having a 0.95% annualized return and VMBS not far ahead at 0.97%.
FMSFX
1.71%
-1.20%
0.52%
6.16%
0.57%
-1.10%
0.95%
VMBS
2.16%
-1.05%
0.81%
6.64%
1.16%
-0.95%
0.97%
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FMSFX vs. VMBS - Expense Ratio Comparison
FMSFX has a 0.45% expense ratio, which is higher than VMBS's 0.04% expense ratio.
Risk-Adjusted Performance
FMSFX vs. VMBS — Risk-Adjusted Performance Rank
FMSFX
VMBS
FMSFX vs. VMBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mortgage Securities Fund (FMSFX) and Vanguard Mortgage-Backed Securities ETF (VMBS). 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.
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Dividends
FMSFX vs. VMBS - Dividend Comparison
FMSFX's dividend yield for the trailing twelve months is around 4.25%, more than VMBS's 4.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSFX Fidelity Mortgage Securities Fund | 4.25% | 4.13% | 3.50% | 1.90% | 0.79% | 2.40% | 2.63% | 2.57% | 2.61% | 2.34% | 2.36% | 2.55% |
VMBS Vanguard Mortgage-Backed Securities ETF | 4.13% | 3.94% | 3.31% | 2.35% | 1.02% | 1.81% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% | 1.90% |
Drawdowns
FMSFX vs. VMBS - Drawdown Comparison
The maximum FMSFX drawdown since its inception was -18.42%, which is greater than VMBS's maximum drawdown of -17.52%. Use the drawdown chart below to compare losses from any high point for FMSFX and VMBS.
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Volatility
FMSFX vs. VMBS - Volatility Comparison
The current volatility for Fidelity Mortgage Securities Fund (FMSFX) is 1.64%, while Vanguard Mortgage-Backed Securities ETF (VMBS) has a volatility of 1.75%. This indicates that FMSFX experiences smaller price fluctuations and is considered to be less risky than VMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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