FSMDX vs. IMCB
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and iShares Morningstar Mid-Cap ETF (IMCB).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMDX or IMCB.
Correlation
The correlation between FSMDX and IMCB is 0.97, 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. IMCB - Performance Comparison
Key characteristics
FSMDX:
1.26
IMCB:
1.42
FSMDX:
1.79
IMCB:
2.00
FSMDX:
1.22
IMCB:
1.25
FSMDX:
1.84
IMCB:
2.34
FSMDX:
4.98
IMCB:
5.94
FSMDX:
3.29%
IMCB:
2.98%
FSMDX:
13.03%
IMCB:
12.51%
FSMDX:
-40.35%
IMCB:
-58.80%
FSMDX:
-4.48%
IMCB:
-3.14%
Returns By Period
The year-to-date returns for both investments are quite close, with FSMDX having a 4.00% return and IMCB slightly higher at 4.10%. Over the past 10 years, FSMDX has underperformed IMCB with an annualized return of 8.39%, while IMCB has yielded a comparatively higher 9.13% annualized return.
FSMDX
4.00%
-0.99%
7.85%
16.91%
9.13%
8.39%
IMCB
4.10%
-0.83%
9.27%
18.10%
9.62%
9.13%
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FSMDX vs. IMCB - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than IMCB's 0.04% 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%.
Risk-Adjusted Performance
FSMDX vs. IMCB — Risk-Adjusted Performance Rank
FSMDX
IMCB
FSMDX vs. IMCB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and iShares Morningstar Mid-Cap ETF (IMCB). 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. IMCB - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 1.12%, less than IMCB's 1.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 1.12% | 1.17% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% |
IMCB iShares Morningstar Mid-Cap ETF | 1.37% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% |
Drawdowns
FSMDX vs. IMCB - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for FSMDX and IMCB. For additional features, visit the drawdowns tool.
Volatility
FSMDX vs. IMCB - Volatility Comparison
Fidelity Mid Cap Index Fund (FSMDX) has a higher volatility of 2.76% compared to iShares Morningstar Mid-Cap ETF (IMCB) at 2.42%. This indicates that FSMDX's price experiences larger fluctuations and is considered to be riskier than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.