FMWIX vs. VYM
Compare and contrast key facts about Fidelity Moderate with Income Allocation Fund (FMWIX) and Vanguard High Dividend Yield ETF (VYM).
FMWIX is managed by Fidelity. It was launched on Feb 8, 2022. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Feb 7, 2019.
Performance
FMWIX vs. VYM - Performance Comparison
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FMWIX vs. VYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FMWIX Fidelity Moderate with Income Allocation Fund | -0.51% | 11.03% | 6.65% | 10.53% | -9.08% |
VYM Vanguard High Dividend Yield ETF | 3.69% | 15.42% | 17.60% | 6.57% | 0.97% |
Returns By Period
In the year-to-date period, FMWIX achieves a -0.51% return, which is significantly lower than VYM's 3.69% return.
FMWIX
- 1D
- 0.96%
- 1M
- -2.40%
- YTD
- -0.51%
- 6M
- 0.83%
- 1Y
- 8.94%
- 3Y*
- 7.76%
- 5Y*
- —
- 10Y*
- —
VYM
- 1D
- -0.10%
- 1M
- -4.02%
- YTD
- 3.69%
- 6M
- 6.19%
- 1Y
- 17.89%
- 3Y*
- 15.17%
- 5Y*
- 11.02%
- 10Y*
- 11.22%
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FMWIX vs. VYM - Expense Ratio Comparison
FMWIX has a 0.10% expense ratio, which is higher than VYM's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FMWIX vs. VYM — Risk / Return Rank
FMWIX
VYM
FMWIX vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Moderate with Income Allocation Fund (FMWIX) and Vanguard High Dividend Yield ETF (VYM). 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.
| FMWIX | VYM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.19 | +0.40 |
Sortino ratioReturn per unit of downside risk | 2.27 | 1.70 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.56 | +0.66 |
Martin ratioReturn relative to average drawdown | 8.99 | 6.86 | +2.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMWIX | VYM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.19 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.49 | +0.13 |
Correlation
The correlation between FMWIX and VYM is 0.65, 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.
Dividends
FMWIX vs. VYM - Dividend Comparison
FMWIX's dividend yield for the trailing twelve months is around 3.10%, more than VYM's 2.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMWIX Fidelity Moderate with Income Allocation Fund | 3.10% | 2.89% | 2.71% | 2.30% | 1.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VYM Vanguard High Dividend Yield ETF | 2.37% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Drawdowns
FMWIX vs. VYM - Drawdown Comparison
The maximum FMWIX drawdown since its inception was -13.78%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for FMWIX and VYM.
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Drawdown Indicators
| FMWIX | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.78% | -56.98% | +43.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -11.32% | +7.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -2.85% | -4.91% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -7.25% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.57% | -1.55% |
Volatility
FMWIX vs. VYM - Volatility Comparison
The current volatility for Fidelity Moderate with Income Allocation Fund (FMWIX) is 2.41%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 3.60%. This indicates that FMWIX experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMWIX | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 3.60% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 7.96% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 15.14% | -9.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 13.97% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 16.33% | -9.57% |