FUMIX vs. SCHD
Compare and contrast key facts about Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Schwab US Dividend Equity ETF (SCHD).
FUMIX is managed by Fidelity. It was launched on Feb 9, 2017. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMIX or SCHD.
Key characteristics
| FUMIX | SCHD | |
|---|---|---|
| YTD Return | 26.27% | 12.56% |
| 1Y Return | 40.93% | 18.96% |
| 3Y Return (Ann) | 8.58% | 7.38% |
| 5Y Return (Ann) | 15.18% | 12.84% |
| Sharpe Ratio | 2.25 | 1.58 |
| Daily Std Dev | 18.07% | 11.80% |
| Max Drawdown | -33.36% | -33.37% |
| Current Drawdown | -2.47% | -0.46% |
Correlation
The correlation between FUMIX and SCHD is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FUMIX vs. SCHD - Performance Comparison
In the year-to-date period, FUMIX achieves a 26.27% return, which is significantly higher than SCHD's 12.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FUMIX vs. SCHD - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is higher than SCHD's 0.06% 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. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 5.76%, more than SCHD's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 5.76% | 18.09% | 2.10% | 20.67% | 8.68% | 2.09% | 3.84% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.37% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FUMIX vs. SCHD - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -33.36%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FUMIX and SCHD. For additional features, visit the drawdowns tool.
Volatility
FUMIX vs. SCHD - Volatility Comparison
Fidelity SAI U.S. Momentum Index Fund (FUMIX) has a higher volatility of 5.79% compared to Schwab US Dividend Equity ETF (SCHD) at 3.09%. This indicates that FUMIX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.