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:
1.26
SPY:
1.88
FSMDX:
1.79
SPY:
2.53
FSMDX:
1.22
SPY:
1.35
FSMDX:
1.84
SPY:
2.83
FSMDX:
4.98
SPY:
11.74
FSMDX:
3.29%
SPY:
2.02%
FSMDX:
13.03%
SPY:
12.64%
FSMDX:
-40.35%
SPY:
-55.19%
FSMDX:
-4.48%
SPY:
-0.42%
Returns By Period
The year-to-date returns for both investments are quite close, with FSMDX having a 4.00% return and SPY slightly higher at 4.15%. Over the past 10 years, FSMDX has underperformed SPY with an annualized return of 8.39%, while SPY has yielded a comparatively higher 13.18% annualized return.
FSMDX
4.00%
-0.99%
7.85%
16.91%
9.13%
8.39%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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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 1.12%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 1.12% | 1.17% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% |
SPY SPDR S&P 500 ETF | 1.16% | 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 2.76%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. 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.