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.
Key characteristics
| FSMDX | TRMCX | |
|---|---|---|
| YTD Return | 11.43% | 13.75% |
| 1Y Return | 20.68% | 23.86% |
| 3Y Return (Ann) | 3.99% | 11.62% |
| 5Y Return (Ann) | 10.50% | 13.48% |
| 10Y Return (Ann) | 9.76% | 9.76% |
| Sharpe Ratio | 1.52 | 1.38 |
| Daily Std Dev | 14.42% | 18.26% |
| Max Drawdown | -40.35% | -55.28% |
| Current Drawdown | -0.66% | -1.00% |
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.
Performance
FSMDX vs. TRMCX - Performance Comparison
In the year-to-date period, FSMDX achieves a 11.43% return, which is significantly lower than TRMCX's 13.75% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FSMDX at 9.76% and TRMCX at 9.76%. 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. TRMCX - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than TRMCX's 0.77% expense ratio.
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 1.02%, less than TRMCX's 6.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX 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% |
TRMCX T. Rowe Price Mid-Cap Value Fund | 6.73% | 7.65% | 13.92% | 9.22% | 3.79% | 4.25% | 12.13% | 6.58% | 6.74% | 11.39% | 14.71% | 5.02% |
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) and T. Rowe Price Mid-Cap Value Fund (TRMCX) have volatilities of 4.02% and 3.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.