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.
Correlation
The correlation between FUMIX and FUQIX is 0.87, 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
FUMIX vs. FUQIX - Performance Comparison
Key characteristics
FUMIX:
0.57
FUQIX:
0.05
FUMIX:
0.93
FUQIX:
0.21
FUMIX:
1.13
FUQIX:
1.03
FUMIX:
0.57
FUQIX:
0.05
FUMIX:
2.30
FUQIX:
0.13
FUMIX:
5.73%
FUQIX:
8.30%
FUMIX:
23.09%
FUQIX:
20.93%
FUMIX:
-39.68%
FUQIX:
-31.19%
FUMIX:
-9.56%
FUQIX:
-11.70%
Returns By Period
In the year-to-date period, FUMIX achieves a 2.99% return, which is significantly higher than FUQIX's -1.74% return.
FUMIX
2.99%
16.35%
-0.29%
11.14%
5.74%
N/A
FUQIX
-1.74%
11.64%
-5.18%
-0.27%
9.55%
N/A
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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%.
Risk-Adjusted Performance
FUMIX vs. FUQIX — Risk-Adjusted Performance Rank
FUMIX
FUQIX
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 0.48%, less than FUQIX's 13.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.48% | 0.50% | 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 | 13.03% | 12.80% | 2.38% | 1.42% | 8.55% | 9.46% | 13.68% | 2.41% | 3.79% | 1.57% | 0.29% |
Drawdowns
FUMIX vs. FUQIX - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -39.68%, 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) has a higher volatility of 11.75% compared to Fidelity SAI U.S. Quality Index Fund (FUQIX) at 10.84%. This indicates that FUMIX's price experiences larger fluctuations and is considered to be riskier than FUQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.