FSMDX vs. SPY
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and SPDR S&P 500 ETF (SPY).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMDX or SPY.
Correlation
The correlation between FSMDX and SPY is 0.92, 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. SPY - Performance Comparison
Key characteristics
FSMDX:
0.28
SPY:
0.51
FSMDX:
0.53
SPY:
0.86
FSMDX:
1.07
SPY:
1.13
FSMDX:
0.26
SPY:
0.55
FSMDX:
0.95
SPY:
2.26
FSMDX:
5.65%
SPY:
4.55%
FSMDX:
19.45%
SPY:
20.08%
FSMDX:
-40.35%
SPY:
-55.19%
FSMDX:
-12.01%
SPY:
-9.89%
Returns By Period
In the year-to-date period, FSMDX achieves a -5.30% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, FSMDX has underperformed SPY with an annualized return of 8.61%, while SPY has yielded a comparatively higher 11.99% annualized return.
FSMDX
-5.30%
-3.79%
-4.84%
5.47%
13.73%
8.61%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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FSMDX vs. SPY - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than SPY's 0.09% 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. SPY — Risk-Adjusted Performance Rank
FSMDX
SPY
FSMDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 2.45%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 2.45% | 2.32% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.68% | 3.82% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSMDX vs. SPY - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSMDX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSMDX vs. SPY - Volatility Comparison
The current volatility for Fidelity Mid Cap Index Fund (FSMDX) is 13.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that FSMDX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.