Correlation
The correlation between FUMIX and MTUM is 0.86, 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.
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.
Performance
FUMIX vs. MTUM - Performance Comparison
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Key characteristics
FUMIX:
0.55
MTUM:
0.83
FUMIX:
0.86
MTUM:
1.24
FUMIX:
1.12
MTUM:
1.18
FUMIX:
0.52
MTUM:
0.98
FUMIX:
2.10
MTUM:
3.36
FUMIX:
5.76%
MTUM:
6.10%
FUMIX:
23.25%
MTUM:
25.03%
FUMIX:
-39.68%
MTUM:
-34.08%
FUMIX:
-6.04%
MTUM:
-2.37%
Returns By Period
In the year-to-date period, FUMIX achieves a 7.00% return, which is significantly lower than MTUM's 9.37% return.
FUMIX
7.00%
7.45%
1.82%
11.46%
11.54%
6.18%
N/A
MTUM
9.37%
9.16%
5.67%
19.54%
19.54%
14.04%
13.58%
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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.
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Dividends
FUMIX vs. MTUM - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 5.51%, more than MTUM's 0.85% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 5.51% | 5.89% | 18.09% | 2.10% | 20.67% | 8.68% | 2.09% | 3.84% | 0.88% | 0.00% | 0.00% | 0.00% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.85% | 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.
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Volatility
FUMIX vs. MTUM - Volatility Comparison
The current volatility for Fidelity SAI U.S. Momentum Index Fund (FUMIX) is 4.29%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 4.69%. This indicates that FUMIX experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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