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:
1.87
VOO:
2.22
FUMIX:
2.55
VOO:
2.95
FUMIX:
1.33
VOO:
1.42
FUMIX:
2.66
VOO:
3.27
FUMIX:
10.86
VOO:
14.57
FUMIX:
3.03%
VOO:
1.90%
FUMIX:
17.63%
VOO:
12.47%
FUMIX:
-33.36%
VOO:
-33.99%
FUMIX:
-3.98%
VOO:
-1.77%
Returns By Period
In the year-to-date period, FUMIX achieves a 32.54% return, which is significantly higher than VOO's 26.92% return.
FUMIX
32.54%
-2.73%
5.74%
32.94%
15.31%
N/A
VOO
26.92%
0.27%
10.43%
27.36%
14.95%
13.12%
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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%.
Risk-Adjusted Performance
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 0.26%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.26% | 0.80% | 2.10% | 0.61% | 1.06% | 1.54% | 1.02% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
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. 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 4.83% compared to Vanguard S&P 500 ETF (VOO) at 3.77%. 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.