FSMDX vs. MISIX
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and Victory Trivalent International Small-Cap Fund Class I (MISIX).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. MISIX is managed by Victory.
Performance
FSMDX vs. MISIX - Performance Comparison
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FSMDX vs. MISIX - 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% |
MISIX Victory Trivalent International Small-Cap Fund Class I | 2.72% | 42.00% | 4.70% | 15.49% | -23.13% | 12.41% | 15.42% | 27.88% | -20.20% | 37.14% |
Returns By Period
In the year-to-date period, FSMDX achieves a 1.30% return, which is significantly lower than MISIX's 2.72% return. Over the past 10 years, FSMDX has outperformed MISIX with an annualized return of 10.81%, while MISIX has yielded a comparatively lower 9.62% 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%
MISIX
- 1D
- 3.45%
- 1M
- -9.81%
- YTD
- 2.72%
- 6M
- 8.14%
- 1Y
- 38.23%
- 3Y*
- 18.09%
- 5Y*
- 7.46%
- 10Y*
- 9.62%
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FSMDX vs. MISIX - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than MISIX's 0.97% expense ratio.
Return for Risk
FSMDX vs. MISIX — Risk / Return Rank
FSMDX
MISIX
FSMDX vs. MISIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and Victory Trivalent International Small-Cap Fund Class I (MISIX). 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 | MISIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 2.29 | -1.45 |
Sortino ratioReturn per unit of downside risk | 1.30 | 2.93 | -1.64 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.68 | -1.45 |
Martin ratioReturn relative to average drawdown | 5.73 | 11.58 | -5.85 |
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 | MISIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.29 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.42 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.54 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.32 | +0.33 |
Correlation
The correlation between FSMDX and MISIX is 0.75, 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. MISIX - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 1.09%, less than MISIX's 5.89% 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% |
MISIX Victory Trivalent International Small-Cap Fund Class I | 5.89% | 6.05% | 2.27% | 1.90% | 1.12% | 8.61% | 0.41% | 1.99% | 3.59% | 1.85% | 1.56% | 1.21% |
Drawdowns
FSMDX vs. MISIX - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum MISIX drawdown of -67.61%. Use the drawdown chart below to compare losses from any high point for FSMDX and MISIX.
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Drawdown Indicators
| FSMDX | MISIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.35% | -67.61% | +27.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -13.84% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -37.69% | +11.62% |
Max Drawdown (10Y)Largest decline over 10 years | -40.35% | -41.82% | +1.47% |
Current DrawdownCurrent decline from peak | -5.74% | -10.87% | +5.13% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -16.99% | +11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.20% | -0.31% |
Volatility
FSMDX vs. MISIX - Volatility Comparison
The current volatility for Fidelity Mid Cap Index Fund (FSMDX) is 5.58%, while Victory Trivalent International Small-Cap Fund Class I (MISIX) has a volatility of 7.91%. This indicates that FSMDX experiences smaller price fluctuations and is considered to be less risky than MISIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMDX | MISIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 7.91% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 11.79% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 16.91% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 17.75% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 17.82% | +1.48% |