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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMIX or VOO.
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.
Performance
FUMIX vs. VOO - Performance Comparison
Key characteristics
FUMIX:
0.50
VOO:
0.57
FUMIX:
0.84
VOO:
0.92
FUMIX:
1.12
VOO:
1.13
FUMIX:
0.50
VOO:
0.59
FUMIX:
2.04
VOO:
2.33
FUMIX:
5.68%
VOO:
4.70%
FUMIX:
23.12%
VOO:
19.10%
FUMIX:
-39.68%
VOO:
-33.99%
FUMIX:
-10.82%
VOO:
-8.61%
Returns By Period
In the year-to-date period, FUMIX achieves a 1.56% return, which is significantly higher than VOO's -4.39% return.
FUMIX
1.56%
2.97%
1.24%
14.22%
6.46%
N/A
VOO
-4.39%
-0.47%
-1.13%
13.11%
16.41%
12.23%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
Risk-Adjusted Performance
FUMIX vs. VOO — Risk-Adjusted Performance Rank
FUMIX
VOO
FUMIX vs. VOO - Risk-Adjusted Performance 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.
Dividends
FUMIX vs. VOO - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 0.49%, less than VOO's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.49% | 0.50% | 0.80% | 2.10% | 0.61% | 1.06% | 1.54% | 1.02% | 0.53% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.36% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FUMIX vs. VOO - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -39.68%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FUMIX and VOO. For additional features, visit the drawdowns tool.
Volatility
FUMIX vs. VOO - Volatility Comparison
Fidelity SAI U.S. Momentum Index Fund (FUMIX) has a higher volatility of 15.18% compared to Vanguard S&P 500 ETF (VOO) at 13.84%. 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.