FSMDX vs. VIMAX
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. VIMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMDX or VIMAX.
Key characteristics
| FSMDX | VIMAX | |
|---|---|---|
| YTD Return | 11.43% | 11.41% |
| 1Y Return | 20.68% | 19.94% |
| 3Y Return (Ann) | 3.99% | 3.43% |
| 5Y Return (Ann) | 10.50% | 10.43% |
| 10Y Return (Ann) | 9.76% | 9.64% |
| Sharpe Ratio | 1.52 | 1.56 |
| Daily Std Dev | 14.42% | 13.51% |
| Max Drawdown | -40.35% | -58.88% |
| Current Drawdown | -0.66% | -0.43% |
Correlation
The correlation between FSMDX and VIMAX is 0.99, 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. VIMAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FSMDX having a 11.43% return and VIMAX slightly lower at 11.41%. Both investments have delivered pretty close results over the past 10 years, with FSMDX having a 9.76% annualized return and VIMAX not far behind at 9.64%. 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. VIMAX - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than VIMAX's 0.05% 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. VIMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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. VIMAX - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 1.02%, less than VIMAX's 1.49% 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% |
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares | 1.49% | 1.51% | 1.59% | 1.11% | 1.44% | 1.47% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
FSMDX vs. VIMAX - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum VIMAX drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for FSMDX and VIMAX. For additional features, visit the drawdowns tool.
Volatility
FSMDX vs. VIMAX - Volatility Comparison
Fidelity Mid Cap Index Fund (FSMDX) has a higher volatility of 4.02% compared to Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) at 3.70%. This indicates that FSMDX's price experiences larger fluctuations and is considered to be riskier than VIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.