FSMDX vs. TRMCX
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and T. Rowe Price Mid-Cap Value Fund (TRMCX).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. TRMCX is managed by T. Rowe Price. It was launched on Jun 28, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMDX or TRMCX.
Performance
FSMDX vs. TRMCX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FSMDX having a 18.51% return and TRMCX slightly higher at 18.91%. Over the past 10 years, FSMDX has underperformed TRMCX with an annualized return of 9.07%, while TRMCX has yielded a comparatively higher 10.37% annualized return.
FSMDX
18.51%
1.43%
10.26%
31.21%
10.08%
9.07%
TRMCX
18.91%
0.19%
7.82%
34.34%
14.21%
10.37%
Key characteristics
| FSMDX | TRMCX | |
|---|---|---|
| Sharpe Ratio | 2.31 | 1.89 |
| Sortino Ratio | 3.19 | 2.72 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 1.83 | 4.30 |
| Martin Ratio | 13.20 | 13.94 |
| Ulcer Index | 2.31% | 2.37% |
| Daily Std Dev | 13.22% | 17.47% |
| Max Drawdown | -40.35% | -55.28% |
| Current Drawdown | -2.53% | -2.50% |
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FSMDX vs. TRMCX - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than TRMCX's 0.77% expense ratio.
Correlation
The correlation between FSMDX and TRMCX 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.
Risk-Adjusted Performance
FSMDX vs. TRMCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and T. Rowe Price Mid-Cap Value Fund (TRMCX). 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. TRMCX - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 0.96%, which matches TRMCX's 0.96% 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% |
TRMCX T. Rowe Price Mid-Cap Value Fund | 0.96% | 1.14% | 0.89% | 1.01% | 1.01% | 1.47% | 1.23% | 1.09% | 0.93% | 1.36% | 1.08% | 0.73% |
Drawdowns
FSMDX vs. TRMCX - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum TRMCX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for FSMDX and TRMCX. For additional features, visit the drawdowns tool.
Volatility
FSMDX vs. TRMCX - Volatility Comparison
Fidelity Mid Cap Index Fund (FSMDX) has a higher volatility of 4.26% compared to T. Rowe Price Mid-Cap Value Fund (TRMCX) at 3.93%. This indicates that FSMDX's price experiences larger fluctuations and is considered to be riskier than TRMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.