FSMDX vs. VOO
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and Vanguard S&P 500 ETF (VOO).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMDX or VOO.
Key characteristics
| FSMDX | VOO | |
|---|---|---|
| YTD Return | 11.43% | 19.06% |
| 1Y Return | 20.68% | 26.65% |
| 3Y Return (Ann) | 3.99% | 9.85% |
| 5Y Return (Ann) | 10.50% | 15.18% |
| 10Y Return (Ann) | 9.76% | 12.95% |
| Sharpe Ratio | 1.52 | 2.18 |
| Daily Std Dev | 14.42% | 12.72% |
| Max Drawdown | -40.35% | -33.99% |
| Current Drawdown | -0.66% | -0.48% |
Correlation
The correlation between FSMDX and VOO 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. VOO - Performance Comparison
In the year-to-date period, FSMDX achieves a 11.43% return, which is significantly lower than VOO's 19.06% return. Over the past 10 years, FSMDX has underperformed VOO with an annualized return of 9.76%, while VOO has yielded a comparatively higher 12.95% 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. VOO - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is lower than VOO's 0.03% 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 1.02%, less than VOO's 1.28% 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% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FSMDX vs. VOO - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FSMDX and VOO. For additional features, visit the drawdowns tool.
Volatility
FSMDX vs. VOO - Volatility Comparison
The current volatility for Fidelity Mid Cap Index Fund (FSMDX) is 4.02%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.25%. This indicates that FSMDX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.