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.
Performance
FSMDX vs. IMCB - Performance Comparison
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FSMDX vs. IMCB - 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% |
IMCB iShares Morningstar Mid-Cap ETF | 1.83% | 10.25% | 15.10% | 16.37% | -16.09% | 22.81% | 13.35% | 31.49% | -11.53% | 19.70% |
Returns By Period
In the year-to-date period, FSMDX achieves a 1.30% return, which is significantly lower than IMCB's 1.83% return. Both investments have delivered pretty close results over the past 10 years, with FSMDX having a 10.81% annualized return and IMCB not far behind at 10.34%.
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%
IMCB
- 1D
- 0.68%
- 1M
- -4.84%
- YTD
- 1.83%
- 6M
- 1.98%
- 1Y
- 14.73%
- 3Y*
- 13.16%
- 5Y*
- 7.31%
- 10Y*
- 10.34%
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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%.
Return for Risk
FSMDX vs. IMCB — Risk / Return Rank
FSMDX
IMCB
FSMDX vs. IMCB - Risk-Adjusted Trends 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.
| FSMDX | IMCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.82 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.26 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.16 | +0.07 |
Martin ratioReturn relative to average drawdown | 5.73 | 5.34 | +0.39 |
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 | IMCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.82 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.42 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.53 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.48 | +0.18 |
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.
Dividends
FSMDX vs. IMCB - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 1.09%, less than IMCB's 1.37% 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% |
IMCB iShares Morningstar Mid-Cap ETF | 1.37% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
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.
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Drawdown Indicators
| FSMDX | IMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.35% | -58.80% | +18.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -12.92% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -25.15% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -40.35% | -40.99% | +0.64% |
Current DrawdownCurrent decline from peak | -5.74% | -5.09% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -7.79% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.81% | +0.08% |
Volatility
FSMDX vs. IMCB - Volatility Comparison
Fidelity Mid Cap Index Fund (FSMDX) has a higher volatility of 5.58% compared to iShares Morningstar Mid-Cap ETF (IMCB) at 5.23%. 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.
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Volatility by Period
| FSMDX | IMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 5.23% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 9.98% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 17.98% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 17.56% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 19.62% | -0.32% |