FUMIX vs. FUQIX
Compare and contrast key facts about Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Fidelity SAI U.S. Quality Index Fund (FUQIX).
FUMIX is managed by Fidelity. It was launched on Feb 9, 2017. FUQIX is managed by Fidelity. It was launched on Oct 8, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMIX or FUQIX.
Performance
FUMIX vs. FUQIX - Performance Comparison
Returns By Period
In the year-to-date period, FUMIX achieves a 36.25% return, which is significantly higher than FUQIX's 26.00% return.
FUMIX
36.25%
2.26%
12.35%
42.72%
16.70%
N/A
FUQIX
26.00%
1.79%
11.24%
31.85%
16.77%
N/A
Key characteristics
| FUMIX | FUQIX | |
|---|---|---|
| Sharpe Ratio | 2.47 | 2.31 |
| Sortino Ratio | 3.29 | 3.10 |
| Omega Ratio | 1.44 | 1.42 |
| Calmar Ratio | 3.45 | 3.42 |
| Martin Ratio | 14.46 | 13.67 |
| Ulcer Index | 2.96% | 2.33% |
| Daily Std Dev | 17.28% | 13.81% |
| Max Drawdown | -33.36% | -31.19% |
| Current Drawdown | -0.17% | -1.25% |
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FUMIX vs. FUQIX - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is higher than FUQIX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FUMIX and FUQIX is 0.88, 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
FUMIX vs. FUQIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Fidelity SAI U.S. Quality Index Fund (FUQIX). 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
FUMIX vs. FUQIX - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 0.56%, less than FUQIX's 1.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.56% | 0.80% | 2.10% | 0.61% | 1.06% | 1.54% | 1.02% | 0.53% | 0.00% | 0.00% |
FUQIX Fidelity SAI U.S. Quality Index Fund | 1.04% | 1.17% | 1.42% | 1.08% | 1.71% | 2.15% | 1.53% | 1.46% | 1.28% | 0.29% |
Drawdowns
FUMIX vs. FUQIX - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -33.36%, which is greater than FUQIX's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for FUMIX and FUQIX. For additional features, visit the drawdowns tool.
Volatility
FUMIX vs. FUQIX - Volatility Comparison
Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Fidelity SAI U.S. Quality Index Fund (FUQIX) have volatilities of 3.88% and 3.98%, 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.