FUMIX vs. MEIFX
FUMIX (Fidelity SAI U.S. Momentum Index Fund) and MEIFX (Meridian Enhanced Equity Fund) are both Large Cap Growth Equities funds. Over the past 5 years, FUMIX returned 14.44%/yr vs 6.13%/yr for MEIFX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. FUMIX charges 0.11%/yr vs 1.20%/yr for MEIFX.
Performance
FUMIX vs. MEIFX - Performance Comparison
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Returns By Period
In the year-to-date period, FUMIX achieves a 22.70% return, which is significantly higher than MEIFX's 8.48% return.
FUMIX
- 1D
- 1.04%
- 1M
- -2.34%
- 6M
- 19.44%
- YTD
- 22.70%
- 1Y
- 26.67%
- 3Y*
- 28.91%
- 5Y*
- 14.44%
- 10Y*
- —
- ALL TIME*
- 16.99%
MEIFX
- 1D
- 0.78%
- 1M
- 3.12%
- 6M
- 7.74%
- YTD
- 8.48%
- 1Y
- 9.32%
- 3Y*
- 11.54%
- 5Y*
- 6.13%
- 10Y*
- 13.76%
- ALL TIME*
- 9.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FUMIX vs. MEIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 22.70% | 17.01% | 33.39% | 14.67% | -15.79% | 22.56% | 29.92% | 24.16% | -1.41% | 22.71% |
MEIFX Meridian Enhanced Equity Fund | 8.48% | 6.51% | 13.19% | 18.96% | -16.43% | 15.15% | 26.18% | 44.95% | -0.51% | 24.87% |
Correlation
The correlation between FUMIX and MEIFX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.64 |
Over the past year, the correlation between FUMIX and MEIFX has dropped to 0.35 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
FUMIX vs. MEIFX — Risk / Return Rank
FUMIX
MEIFX
FUMIX vs. MEIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Meridian Enhanced Equity Fund (MEIFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FUMIX | MEIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.06 | +0.18 |
| Martin ratioReturn relative to average drawdown | 8.89 | 6.38 | +2.50 |
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Drawdowns
FUMIX vs. MEIFX - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -33.36%, smaller than the maximum MEIFX drawdown of -54.37%. Use the drawdown chart below to compare losses from any high point for FUMIX and MEIFX.
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Drawdown Indicators
| FUMIX | MEIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.36% | -54.37% | +21.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -4.80% | -8.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.90% | -19.30% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -23.54% | -4.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.67% | — |
Current DrawdownCurrent decline from peak | -7.52% | 0.00% | -7.52% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -7.67% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 1.55% | +1.67% |
Volatility
FUMIX vs. MEIFX - Volatility Comparison
Fidelity SAI U.S. Momentum Index Fund (FUMIX) has a higher volatility of 8.17% compared to Meridian Enhanced Equity Fund (MEIFX) at 3.38%. This indicates that FUMIX's price experiences larger fluctuations and is considered to be riskier than MEIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUMIX | MEIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 3.38% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 18.85% | 7.46% | +11.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 9.98% | +11.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.82% | 15.99% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 17.96% | +4.02% |
FUMIX vs. MEIFX - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is lower than MEIFX's 1.20% expense ratio.
Dividends
FUMIX vs. MEIFX - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 2.26%, less than MEIFX's 6.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 2.26% | 2.77% | 5.89% | 18.09% | 2.10% | 20.67% | 8.68% | 2.09% | 3.84% | 0.88% | 0.00% | 0.00% |
MEIFX Meridian Enhanced Equity Fund | 6.68% | 7.25% | 14.61% | 0.61% | 9.28% | 25.44% | 13.26% | 40.49% | 11.67% | 1.18% | 0.78% | 4.24% |
Frequently Asked Questions
FUMIX and MEIFX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUMIX has higher volatility (8.17%) compared to MEIFX (3.38%). In terms of maximum drawdown, FUMIX dropped -33.36% vs MEIFX's -54.37%.
FUMIX currently has the higher Sharpe Ratio (1.37 vs 0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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