FUMIX vs. MTUM
Compare and contrast key facts about Fidelity SAI U.S. Momentum Index Fund (FUMIX) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
FUMIX is managed by Fidelity. It was launched on Feb 9, 2017. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMIX or MTUM.
Correlation
The correlation between FUMIX and MTUM is 0.97, 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. MTUM - Performance Comparison
Key characteristics
FUMIX:
0.16
MTUM:
0.35
FUMIX:
0.38
MTUM:
0.64
FUMIX:
1.05
MTUM:
1.09
FUMIX:
0.16
MTUM:
0.41
FUMIX:
0.68
MTUM:
1.51
FUMIX:
5.34%
MTUM:
5.65%
FUMIX:
22.93%
MTUM:
24.68%
FUMIX:
-39.68%
MTUM:
-34.08%
FUMIX:
-16.91%
MTUM:
-14.65%
Returns By Period
The year-to-date returns for both investments are quite close, with FUMIX having a -5.38% return and MTUM slightly higher at -5.35%.
FUMIX
-5.38%
-4.35%
-8.77%
7.93%
4.81%
N/A
MTUM
-5.35%
-4.19%
-6.11%
13.59%
12.03%
11.99%
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FUMIX vs. MTUM - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is lower than MTUM's 0.15% 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
FUMIX vs. MTUM — Risk-Adjusted Performance Rank
FUMIX
MTUM
FUMIX vs. MTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). 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. MTUM - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 0.52%, less than MTUM's 0.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.52% | 0.50% | 0.80% | 2.10% | 0.61% | 1.06% | 1.54% | 1.02% | 0.53% | 0.00% | 0.00% | 0.00% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.98% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% |
Drawdowns
FUMIX vs. MTUM - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -39.68%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for FUMIX and MTUM. For additional features, visit the drawdowns tool.
Volatility
FUMIX vs. MTUM - Volatility Comparison
Fidelity SAI U.S. Momentum Index Fund (FUMIX) and iShares Edge MSCI USA Momentum Factor ETF (MTUM) have volatilities of 14.75% and 15.30%, 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.