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.
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
Key characteristics
FSMDX:
1.22
VOO:
2.04
FSMDX:
1.71
VOO:
2.72
FSMDX:
1.21
VOO:
1.38
FSMDX:
1.56
VOO:
3.02
FSMDX:
6.81
VOO:
13.60
FSMDX:
2.41%
VOO:
1.88%
FSMDX:
13.46%
VOO:
12.52%
FSMDX:
-40.35%
VOO:
-33.99%
FSMDX:
-7.42%
VOO:
-3.52%
Returns By Period
In the year-to-date period, FSMDX achieves a 14.97% return, which is significantly lower than VOO's 24.65% return. Over the past 10 years, FSMDX has underperformed VOO with an annualized return of 8.74%, while VOO has yielded a comparatively higher 13.02% annualized return.
FSMDX
14.97%
-3.45%
9.31%
15.28%
9.08%
8.74%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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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 0.03%, less than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 0.03% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
VOO Vanguard S&P 500 ETF | 1.26% | 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
Fidelity Mid Cap Index Fund (FSMDX) has a higher volatility of 4.65% compared to Vanguard S&P 500 ETF (VOO) at 3.58%. This indicates that FSMDX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.