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FSMDX vs. FMDGX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSMDX and FMDGX is 0.88, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

FSMDX vs. FMDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Mid Cap Growth Index Fund (FMDGX). The values are adjusted to include any dividend payments, if applicable.

40.00%50.00%60.00%70.00%80.00%90.00%December2025FebruaryMarchAprilMay
55.59%
66.73%
FSMDX
FMDGX

Key characteristics

Sharpe Ratio

FSMDX:

0.43

FMDGX:

0.69

Sortino Ratio

FSMDX:

0.74

FMDGX:

1.10

Omega Ratio

FSMDX:

1.10

FMDGX:

1.15

Calmar Ratio

FSMDX:

0.38

FMDGX:

0.68

Martin Ratio

FSMDX:

1.32

FMDGX:

2.29

Ulcer Index

FSMDX:

6.38%

FMDGX:

7.46%

Daily Std Dev

FSMDX:

19.42%

FMDGX:

24.68%

Max Drawdown

FSMDX:

-40.35%

FMDGX:

-38.85%

Current Drawdown

FSMDX:

-10.32%

FMDGX:

-10.21%

Returns By Period

In the year-to-date period, FSMDX achieves a -2.37% return, which is significantly lower than FMDGX's -1.03% return.


FSMDX

YTD

-2.37%

1M

11.72%

6M

-2.28%

1Y

6.80%

5Y*

12.82%

10Y*

7.83%

FMDGX

YTD

-1.03%

1M

18.37%

6M

5.10%

1Y

15.68%

5Y*

11.74%

10Y*

N/A

*Annualized

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FSMDX vs. FMDGX - Expense Ratio Comparison

FSMDX has a 0.03% expense ratio, which is lower than FMDGX's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for FMDGX: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FMDGX: 0.05%
Expense ratio chart for FSMDX: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FSMDX: 0.03%

Risk-Adjusted Performance

FSMDX vs. FMDGX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSMDX
The Risk-Adjusted Performance Rank of FSMDX is 4242
Overall Rank
The Sharpe Ratio Rank of FSMDX is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of FSMDX is 4242
Sortino Ratio Rank
The Omega Ratio Rank of FSMDX is 4141
Omega Ratio Rank
The Calmar Ratio Rank of FSMDX is 4545
Calmar Ratio Rank
The Martin Ratio Rank of FSMDX is 4040
Martin Ratio Rank

FMDGX
The Risk-Adjusted Performance Rank of FMDGX is 6060
Overall Rank
The Sharpe Ratio Rank of FMDGX is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of FMDGX is 6060
Sortino Ratio Rank
The Omega Ratio Rank of FMDGX is 5959
Omega Ratio Rank
The Calmar Ratio Rank of FMDGX is 6868
Calmar Ratio Rank
The Martin Ratio Rank of FMDGX is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FSMDX vs. FMDGX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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.


The chart of Sharpe ratio for FSMDX, currently valued at 0.43, compared to the broader market-2.00-1.000.001.002.003.00
FSMDX: 0.43
FMDGX: 0.69
The chart of Sortino ratio for FSMDX, currently valued at 0.74, compared to the broader market-2.000.002.004.006.008.00
FSMDX: 0.74
FMDGX: 1.10
The chart of Omega ratio for FSMDX, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.00
FSMDX: 1.10
FMDGX: 1.15
The chart of Calmar ratio for FSMDX, currently valued at 0.38, compared to the broader market0.002.004.006.008.0010.00
FSMDX: 0.38
FMDGX: 0.68
The chart of Martin ratio for FSMDX, currently valued at 1.32, compared to the broader market0.0010.0020.0030.0040.00
FSMDX: 1.32
FMDGX: 2.29

The current FSMDX Sharpe Ratio is 0.43, which is lower than the FMDGX Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of FSMDX and FMDGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.43
0.69
FSMDX
FMDGX

Dividends

FSMDX vs. FMDGX - Dividend Comparison

FSMDX's dividend yield for the trailing twelve months is around 2.37%, more than FMDGX's 0.47% yield.


TTM20242023202220212020201920182017201620152014
FSMDX
Fidelity Mid Cap Index Fund
2.37%2.32%1.39%2.07%3.35%2.34%2.86%2.60%2.53%2.23%4.68%3.82%
FMDGX
Fidelity Mid Cap Growth Index Fund
0.47%0.47%0.63%0.81%6.43%0.36%0.29%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FSMDX vs. FMDGX - Drawdown Comparison

The maximum FSMDX drawdown since its inception was -40.35%, roughly equal to the maximum FMDGX drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for FSMDX and FMDGX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-10.32%
-10.21%
FSMDX
FMDGX

Volatility

FSMDX vs. FMDGX - Volatility Comparison

The current volatility for Fidelity Mid Cap Index Fund (FSMDX) is 13.92%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 16.49%. This indicates that FSMDX experiences smaller price fluctuations and is considered to be less risky than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%December2025FebruaryMarchAprilMay
13.92%
16.49%
FSMDX
FMDGX