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.
Key characteristics
| FSMDX | IMCB | |
|---|---|---|
| YTD Return | 11.43% | 11.27% |
| 1Y Return | 20.68% | 20.70% |
| 3Y Return (Ann) | 3.99% | 4.58% |
| 5Y Return (Ann) | 10.50% | 9.83% |
| 10Y Return (Ann) | 9.76% | 9.25% |
| Sharpe Ratio | 1.52 | 1.60 |
| Daily Std Dev | 14.42% | 13.71% |
| Max Drawdown | -40.35% | -58.80% |
| Current Drawdown | -0.66% | -0.52% |
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
The year-to-date returns for both stocks are quite close, with FSMDX having a 11.43% return and IMCB slightly lower at 11.27%. Over the past 10 years, FSMDX has outperformed IMCB with an annualized return of 9.76%, while IMCB has yielded a comparatively lower 9.25% 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. 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 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 1.02%, less than IMCB's 1.45% 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% |
IMCB iShares Morningstar Mid-Cap ETF | 1.45% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% | 1.19% |
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 4.02% compared to iShares Morningstar Mid-Cap ETF (IMCB) at 3.68%. 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.