FSLSX vs. XMMO
Compare and contrast key facts about Fidelity Value Strategies Fund (FSLSX) and Invesco S&P MidCap Momentum ETF (XMMO).
FSLSX is managed by Fidelity. It was launched on Dec 31, 1983. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSLSX or XMMO.
Correlation
The correlation between FSLSX and XMMO is 0.84, 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
FSLSX vs. XMMO - Performance Comparison
Key characteristics
FSLSX:
0.63
XMMO:
1.96
FSLSX:
1.00
XMMO:
2.76
FSLSX:
1.12
XMMO:
1.34
FSLSX:
1.05
XMMO:
4.20
FSLSX:
2.93
XMMO:
12.30
FSLSX:
3.43%
XMMO:
3.18%
FSLSX:
15.69%
XMMO:
19.96%
FSLSX:
-68.98%
XMMO:
-55.37%
FSLSX:
-8.35%
XMMO:
-8.65%
Returns By Period
In the year-to-date period, FSLSX achieves a 9.05% return, which is significantly lower than XMMO's 38.97% return. Over the past 10 years, FSLSX has underperformed XMMO with an annualized return of 9.69%, while XMMO has yielded a comparatively higher 15.34% annualized return.
FSLSX
9.05%
-7.31%
4.80%
6.90%
11.98%
9.69%
XMMO
38.97%
-7.32%
8.72%
38.63%
16.32%
15.34%
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FSLSX vs. XMMO - Expense Ratio Comparison
FSLSX has a 0.86% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Risk-Adjusted Performance
FSLSX vs. XMMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Strategies Fund (FSLSX) and Invesco S&P MidCap Momentum ETF (XMMO). 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
FSLSX vs. XMMO - Dividend Comparison
FSLSX's dividend yield for the trailing twelve months is around 0.58%, more than XMMO's 0.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLSX Fidelity Value Strategies Fund | 0.58% | 0.63% | 0.74% | 0.94% | 0.84% | 1.37% | 1.25% | 1.44% | 1.74% | 1.24% | 0.95% | 0.80% |
XMMO Invesco S&P MidCap Momentum ETF | 0.33% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% | 1.31% |
Drawdowns
FSLSX vs. XMMO - Drawdown Comparison
The maximum FSLSX drawdown since its inception was -68.98%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for FSLSX and XMMO. For additional features, visit the drawdowns tool.
Volatility
FSLSX vs. XMMO - Volatility Comparison
The current volatility for Fidelity Value Strategies Fund (FSLSX) is 4.19%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 5.79%. This indicates that FSLSX experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.