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.
Key characteristics
FSMDX | SPY | |
---|---|---|
YTD Return | 11.43% | 18.37% |
1Y Return | 20.68% | 26.96% |
3Y Return (Ann) | 3.99% | 9.40% |
5Y Return (Ann) | 10.50% | 15.01% |
10Y Return (Ann) | 9.76% | 12.90% |
Sharpe Ratio | 1.52 | 2.14 |
Daily Std Dev | 14.42% | 12.67% |
Max Drawdown | -40.35% | -55.19% |
Current Drawdown | -0.66% | -1.02% |
Correlation
The correlation between FSMDX and SPY is 0.93, 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
In the year-to-date period, FSMDX achieves a 11.43% return, which is significantly lower than SPY's 18.37% return. Over the past 10 years, FSMDX has underperformed SPY with an annualized return of 9.76%, while SPY has yielded a comparatively higher 12.90% 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. 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 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 1.02%, less than SPY's 1.22% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 4.02%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.24%. 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.