FSMDX vs. FKMCX
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Mid-Cap Stock Fund Class K (FKMCX).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. FKMCX is managed by Fidelity. It was launched on May 9, 2008.
Performance
FSMDX vs. FKMCX - Performance Comparison
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FSMDX vs. FKMCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 1.30% | 10.58% | 15.55% | 17.20% | -17.27% | 22.56% | 17.13% | 30.53% | -9.38% | 18.04% |
FKMCX Fidelity Mid-Cap Stock Fund Class K | 4.68% | 11.87% | 14.65% | 11.11% | -6.30% | 28.72% | 11.56% | 25.50% | -10.21% | 18.03% |
Returns By Period
In the year-to-date period, FSMDX achieves a 1.30% return, which is significantly lower than FKMCX's 4.68% return. Over the past 10 years, FSMDX has underperformed FKMCX with an annualized return of 10.81%, while FKMCX has yielded a comparatively higher 11.64% annualized return.
FSMDX
- 1D
- 2.63%
- 1M
- -5.55%
- YTD
- 1.30%
- 6M
- 1.49%
- 1Y
- 15.54%
- 3Y*
- 13.39%
- 5Y*
- 6.99%
- 10Y*
- 10.81%
FKMCX
- 1D
- 3.15%
- 1M
- -5.67%
- YTD
- 4.68%
- 6M
- 7.97%
- 1Y
- 23.47%
- 3Y*
- 13.78%
- 5Y*
- 9.11%
- 10Y*
- 11.64%
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FSMDX vs. FKMCX - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than FKMCX's 0.76% expense ratio.
Return for Risk
FSMDX vs. FKMCX — Risk / Return Rank
FSMDX
FKMCX
FSMDX vs. FKMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Mid-Cap Stock Fund Class K (FKMCX). 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.
| FSMDX | FKMCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.22 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.77 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.69 | -0.46 |
Martin ratioReturn relative to average drawdown | 5.73 | 7.62 | -1.89 |
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
| FSMDX | FKMCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.22 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.52 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.63 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.45 | +0.21 |
Correlation
The correlation between FSMDX and FKMCX is 0.96, 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.
Dividends
FSMDX vs. FKMCX - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 1.09%, less than FKMCX's 1.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 1.09% | 1.10% | 2.46% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.21% | 2.17% | 2.23% | 2.84% |
FKMCX Fidelity Mid-Cap Stock Fund Class K | 1.77% | 1.85% | 8.91% | 2.69% | 5.49% | 12.87% | 6.82% | 6.73% | 13.52% | 6.66% | 8.36% | 14.27% |
Drawdowns
FSMDX vs. FKMCX - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum FKMCX drawdown of -59.55%. Use the drawdown chart below to compare losses from any high point for FSMDX and FKMCX.
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Drawdown Indicators
| FSMDX | FKMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.35% | -59.55% | +19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -13.27% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -22.31% | -3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -40.35% | -40.56% | +0.21% |
Current DrawdownCurrent decline from peak | -5.74% | -5.67% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -7.61% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.95% | -0.06% |
Volatility
FSMDX vs. FKMCX - Volatility Comparison
The current volatility for Fidelity Mid Cap Index Fund (FSMDX) is 5.58%, while Fidelity Mid-Cap Stock Fund Class K (FKMCX) has a volatility of 7.26%. This indicates that FSMDX experiences smaller price fluctuations and is considered to be less risky than FKMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMDX | FKMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 7.26% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 12.29% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 20.12% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 17.64% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 18.55% | +0.75% |