FSMDX vs. FGRTX
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Mega Cap Stock Fund (FGRTX).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. FGRTX is managed by Fidelity. It was launched on Dec 28, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMDX or FGRTX.
Performance
FSMDX vs. FGRTX - Performance Comparison
Returns By Period
In the year-to-date period, FSMDX achieves a 18.51% return, which is significantly lower than FGRTX's 26.53% return. Over the past 10 years, FSMDX has underperformed FGRTX with an annualized return of 9.07%, while FGRTX has yielded a comparatively higher 12.98% annualized return.
FSMDX
18.51%
1.43%
10.26%
31.21%
10.08%
9.07%
FGRTX
26.53%
0.46%
10.07%
33.27%
16.94%
12.98%
Key characteristics
| FSMDX | FGRTX | |
|---|---|---|
| Sharpe Ratio | 2.31 | 2.94 |
| Sortino Ratio | 3.19 | 3.97 |
| Omega Ratio | 1.39 | 1.56 |
| Calmar Ratio | 1.83 | 4.14 |
| Martin Ratio | 13.20 | 21.05 |
| Ulcer Index | 2.31% | 1.62% |
| Daily Std Dev | 13.22% | 11.55% |
| Max Drawdown | -40.35% | -57.06% |
| Current Drawdown | -2.53% | -1.92% |
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FSMDX vs. FGRTX - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than FGRTX's 0.61% expense ratio.
Correlation
The correlation between FSMDX and FGRTX is 0.90, 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
FSMDX vs. FGRTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Mega Cap Stock Fund (FGRTX). 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
FSMDX vs. FGRTX - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 0.96%, which matches FGRTX's 0.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 0.96% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
FGRTX Fidelity Mega Cap Stock Fund | 0.96% | 1.06% | 1.34% | 1.76% | 2.87% | 2.01% | 2.22% | 1.57% | 1.48% | 4.07% | 5.39% | 3.20% |
Drawdowns
FSMDX vs. FGRTX - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum FGRTX drawdown of -57.06%. Use the drawdown chart below to compare losses from any high point for FSMDX and FGRTX. For additional features, visit the drawdowns tool.
Volatility
FSMDX vs. FGRTX - Volatility Comparison
Fidelity Mid Cap Index Fund (FSMDX) has a higher volatility of 4.26% compared to Fidelity Mega Cap Stock Fund (FGRTX) at 3.60%. This indicates that FSMDX's price experiences larger fluctuations and is considered to be riskier than FGRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.