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.
Performance
FSMDX vs. IMCB - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FSMDX having a 18.51% return and IMCB slightly lower at 18.41%. Over the past 10 years, FSMDX has underperformed IMCB with an annualized return of 9.07%, while IMCB has yielded a comparatively higher 9.67% annualized return.
FSMDX
18.51%
1.43%
10.26%
31.21%
10.08%
9.07%
IMCB
18.41%
1.47%
9.79%
30.85%
10.52%
9.67%
Key characteristics
| FSMDX | IMCB | |
|---|---|---|
| Sharpe Ratio | 2.31 | 2.41 |
| Sortino Ratio | 3.19 | 3.34 |
| Omega Ratio | 1.39 | 1.41 |
| Calmar Ratio | 1.83 | 2.25 |
| Martin Ratio | 13.20 | 13.27 |
| Ulcer Index | 2.31% | 2.27% |
| Daily Std Dev | 13.22% | 12.53% |
| Max Drawdown | -40.35% | -58.80% |
| Current Drawdown | -2.53% | -2.19% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
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.
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 0.96%, less than IMCB's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 0.96% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
IMCB iShares Morningstar Mid-Cap ETF | 1.39% | 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) and iShares Morningstar Mid-Cap ETF (IMCB) have volatilities of 4.26% and 4.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.