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.
Key characteristics
| FSMDX | FGRTX | |
|---|---|---|
| YTD Return | 11.43% | 19.39% |
| 1Y Return | 20.68% | 26.44% |
| 3Y Return (Ann) | 3.99% | 13.26% |
| 5Y Return (Ann) | 10.50% | 16.98% |
| 10Y Return (Ann) | 9.76% | 12.58% |
| Sharpe Ratio | 1.52 | 2.31 |
| Daily Std Dev | 14.42% | 11.99% |
| Max Drawdown | -40.35% | -57.06% |
| Current Drawdown | -0.66% | -1.38% |
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.
Performance
FSMDX vs. FGRTX - Performance Comparison
In the year-to-date period, FSMDX achieves a 11.43% return, which is significantly lower than FGRTX's 19.39% return. Over the past 10 years, FSMDX has underperformed FGRTX with an annualized return of 9.76%, while FGRTX has yielded a comparatively higher 12.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 1.02%, less than FGRTX's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 1.02% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.68% | 3.82% | 2.74% |
FGRTX Fidelity Mega Cap Stock Fund | 2.95% | 2.06% | 4.38% | 4.79% | 9.09% | 12.98% | 21.72% | 16.27% | 1.97% | 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
The current volatility for Fidelity Mid Cap Index Fund (FSMDX) is 4.02%, while Fidelity Mega Cap Stock Fund (FGRTX) has a volatility of 4.42%. This indicates that FSMDX experiences smaller price fluctuations and is considered to be less risky than FGRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.