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.
Correlation
The correlation between FMSFX and VMBS is 0.80, 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.
Performance
FMSFX vs. VMBS - Performance Comparison
Key characteristics
FMSFX:
0.56
VMBS:
0.65
FMSFX:
0.83
VMBS:
0.95
FMSFX:
1.10
VMBS:
1.11
FMSFX:
0.25
VMBS:
0.31
FMSFX:
1.45
VMBS:
1.90
FMSFX:
2.38%
VMBS:
1.99%
FMSFX:
6.17%
VMBS:
5.86%
FMSFX:
-18.94%
VMBS:
-17.46%
FMSFX:
-8.15%
VMBS:
-6.18%
Returns By Period
In the year-to-date period, FMSFX achieves a 0.62% return, which is significantly lower than VMBS's 0.84% return. Over the past 10 years, FMSFX has underperformed VMBS with an annualized return of 0.77%, while VMBS has yielded a comparatively higher 0.92% annualized return.
FMSFX
0.62%
1.04%
-0.80%
3.36%
-1.04%
0.77%
VMBS
0.84%
1.42%
-0.02%
4.24%
-0.69%
0.92%
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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.
Dividends
FMSFX vs. VMBS - Dividend Comparison
FMSFX's dividend yield for the trailing twelve months is around 3.84%, less than VMBS's 3.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSFX Fidelity Mortgage Securities Fund | 3.84% | 4.13% | 3.50% | 1.90% | 0.47% | 1.54% | 2.63% | 2.57% | 2.61% | 2.34% | 2.31% | 2.52% |
VMBS Vanguard Mortgage-Backed Securities ETF | 3.96% | 3.94% | 3.31% | 2.35% | 1.03% | 2.01% | 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 -18.94%, which is greater than VMBS's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for FMSFX and VMBS. For additional features, visit the drawdowns tool.
Volatility
FMSFX vs. VMBS - Volatility Comparison
Fidelity Mortgage Securities Fund (FMSFX) has a higher volatility of 1.65% compared to Vanguard Mortgage-Backed Securities ETF (VMBS) at 1.56%. This indicates that FMSFX's price experiences larger fluctuations and is considered to be riskier than VMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.