FUMIX vs. IBOT
Compare and contrast key facts about Fidelity SAI U.S. Momentum Index Fund (FUMIX) and VanEck Robotics ETF (IBOT).
FUMIX is managed by Fidelity. It was launched on Feb 9, 2017. IBOT is a passively managed fund by VanEck that tracks the performance of the BlueStar® Robotics Index. It was launched on Apr 5, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMIX or IBOT.
Performance
FUMIX vs. IBOT - Performance Comparison
Returns By Period
In the year-to-date period, FUMIX achieves a 36.25% return, which is significantly higher than IBOT's 9.29% return.
FUMIX
36.25%
2.26%
12.35%
42.72%
16.70%
N/A
IBOT
9.29%
1.62%
-2.34%
20.69%
N/A
N/A
Key characteristics
| FUMIX | IBOT | |
|---|---|---|
| Sharpe Ratio | 2.47 | 1.00 |
| Sortino Ratio | 3.29 | 1.45 |
| Omega Ratio | 1.44 | 1.18 |
| Calmar Ratio | 3.45 | 1.36 |
| Martin Ratio | 14.46 | 3.82 |
| Ulcer Index | 2.96% | 5.42% |
| Daily Std Dev | 17.28% | 20.65% |
| Max Drawdown | -33.36% | -19.16% |
| Current Drawdown | -0.17% | -7.72% |
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FUMIX vs. IBOT - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is lower than IBOT's 0.47% expense ratio.
Correlation
The correlation between FUMIX and IBOT is 0.83, 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. IBOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and VanEck Robotics ETF (IBOT). 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. IBOT - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 0.56%, less than IBOT's 1.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.56% | 0.80% | 2.10% | 0.61% | 1.06% | 1.54% | 1.02% | 0.53% |
IBOT VanEck Robotics ETF | 1.88% | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FUMIX vs. IBOT - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -33.36%, which is greater than IBOT's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for FUMIX and IBOT. For additional features, visit the drawdowns tool.
Volatility
FUMIX vs. IBOT - Volatility Comparison
The current volatility for Fidelity SAI U.S. Momentum Index Fund (FUMIX) is 3.88%, while VanEck Robotics ETF (IBOT) has a volatility of 5.01%. This indicates that FUMIX experiences smaller price fluctuations and is considered to be less risky than IBOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.