FSMDX vs. FVLKX
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Value Fund Class K (FVLKX).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. FVLKX is managed by Fidelity. It was launched on May 9, 2008.
Performance
FSMDX vs. FVLKX - Performance Comparison
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FSMDX vs. FVLKX - 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% |
FVLKX Fidelity Value Fund Class K | 3.18% | 11.37% | 14.64% | 19.65% | -8.91% | 35.38% | 9.41% | 31.92% | -17.56% | 14.09% |
Returns By Period
In the year-to-date period, FSMDX achieves a 1.30% return, which is significantly lower than FVLKX's 3.18% return. Over the past 10 years, FSMDX has underperformed FVLKX with an annualized return of 10.81%, while FVLKX has yielded a comparatively higher 11.53% 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%
FVLKX
- 1D
- 2.74%
- 1M
- -6.18%
- YTD
- 3.18%
- 6M
- 7.29%
- 1Y
- 20.94%
- 3Y*
- 15.86%
- 5Y*
- 10.13%
- 10Y*
- 11.53%
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FSMDX vs. FVLKX - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than FVLKX's 0.71% expense ratio.
Return for Risk
FSMDX vs. FVLKX — Risk / Return Rank
FSMDX
FVLKX
FSMDX vs. FVLKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Value Fund Class K (FVLKX). 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 | FVLKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.99 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.52 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.28 | -0.05 |
Martin ratioReturn relative to average drawdown | 5.73 | 5.25 | +0.48 |
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 | FVLKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.99 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.44 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.04 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.04 | +0.62 |
Correlation
The correlation between FSMDX and FVLKX is 0.94, 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. FVLKX - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 1.09%, less than FVLKX's 9.72% 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% |
FVLKX Fidelity Value Fund Class K | 9.72% | 10.03% | 20.95% | 3.80% | 7.16% | 9.87% | 1.06% | 3.43% | 16.38% | 3.37% | 1.36% | 11.10% |
Drawdowns
FSMDX vs. FVLKX - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum FVLKX drawdown of -90.17%. Use the drawdown chart below to compare losses from any high point for FSMDX and FVLKX.
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Drawdown Indicators
| FSMDX | FVLKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.35% | -90.17% | +49.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -14.99% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -31.39% | +5.32% |
Max Drawdown (10Y)Largest decline over 10 years | -40.35% | -90.17% | +49.82% |
Current DrawdownCurrent decline from peak | -5.74% | -7.40% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -9.51% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.66% | -0.77% |
Volatility
FSMDX vs. FVLKX - Volatility Comparison
The current volatility for Fidelity Mid Cap Index Fund (FSMDX) is 5.58%, while Fidelity Value Fund Class K (FVLKX) has a volatility of 6.20%. This indicates that FSMDX experiences smaller price fluctuations and is considered to be less risky than FVLKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMDX | FVLKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 6.20% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 12.02% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 21.75% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 23.04% | -4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 288.99% | -269.69% |