FUMIX vs. VOO
Compare and contrast key facts about Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Vanguard S&P 500 ETF (VOO).
FUMIX is managed by Fidelity. It was launched on Feb 9, 2017. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
FUMIX vs. VOO - Performance Comparison
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FUMIX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | -3.26% | 17.01% | 33.39% | 14.67% | -15.79% | 22.56% | 29.92% | 24.16% | -1.41% | 22.71% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 18.09% |
Returns By Period
In the year-to-date period, FUMIX achieves a -3.26% return, which is significantly higher than VOO's -3.66% return.
FUMIX
- 1D
- 4.25%
- 1M
- -5.54%
- YTD
- -3.26%
- 6M
- -4.57%
- 1Y
- 14.77%
- 3Y*
- 21.47%
- 5Y*
- 11.77%
- 10Y*
- —
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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FUMIX vs. VOO - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is higher than VOO's 0.03% 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%.
Return for Risk
FUMIX vs. VOO — Risk / Return Rank
FUMIX
VOO
FUMIX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Vanguard S&P 500 ETF (VOO). 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.
| FUMIX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 1.01 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.53 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.55 | -0.37 |
Martin ratioReturn relative to average drawdown | 5.06 | 7.31 | -2.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUMIX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.01 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.71 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.83 | -0.16 |
Correlation
The correlation between FUMIX and VOO is 0.87, 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.
Dividends
FUMIX vs. VOO - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 2.87%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 2.87% | 2.77% | 5.89% | 18.09% | 2.10% | 20.67% | 8.68% | 2.09% | 3.84% | 0.88% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
FUMIX vs. VOO - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -33.36%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FUMIX and VOO.
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Drawdown Indicators
| FUMIX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.36% | -33.99% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -11.98% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -24.52% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -7.21% | -5.55% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -3.72% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.55% | +0.28% |
Volatility
FUMIX vs. VOO - Volatility Comparison
Fidelity SAI U.S. Momentum Index Fund (FUMIX) has a higher volatility of 8.16% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that FUMIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUMIX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 5.34% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.26% | 9.47% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.35% | 18.11% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.05% | 16.82% | +4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 17.99% | +3.77% |