FUMIX vs. XMMO
Compare and contrast key facts about Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Invesco S&P MidCap Momentum ETF (XMMO).
FUMIX is managed by Fidelity. It was launched on Feb 9, 2017. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMIX or XMMO.
Correlation
The correlation between FUMIX and XMMO is 0.81, 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. XMMO - Performance Comparison
Key characteristics
FUMIX:
0.93
XMMO:
0.85
FUMIX:
1.34
XMMO:
1.29
FUMIX:
1.17
XMMO:
1.16
FUMIX:
0.70
XMMO:
1.43
FUMIX:
4.76
XMMO:
3.84
FUMIX:
3.40%
XMMO:
4.29%
FUMIX:
17.47%
XMMO:
19.44%
FUMIX:
-39.68%
XMMO:
-55.37%
FUMIX:
-7.77%
XMMO:
-10.25%
Returns By Period
In the year-to-date period, FUMIX achieves a 5.02% return, which is significantly higher than XMMO's -1.09% return.
FUMIX
5.02%
-0.57%
4.54%
13.27%
5.48%
N/A
XMMO
-1.09%
-7.21%
3.44%
13.72%
16.64%
14.91%
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FUMIX vs. XMMO - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is lower than XMMO's 0.33% expense ratio.
Risk-Adjusted Performance
FUMIX vs. XMMO — Risk-Adjusted Performance Rank
FUMIX
XMMO
FUMIX vs. XMMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Invesco S&P MidCap Momentum ETF (XMMO). 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. XMMO - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 0.47%, more than XMMO's 0.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.47% | 0.50% | 0.80% | 2.10% | 0.61% | 1.06% | 1.54% | 1.02% | 0.53% | 0.00% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.34% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% |
Drawdowns
FUMIX vs. XMMO - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -39.68%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for FUMIX and XMMO. For additional features, visit the drawdowns tool.
Volatility
FUMIX vs. XMMO - Volatility Comparison
The current volatility for Fidelity SAI U.S. Momentum Index Fund (FUMIX) is 4.76%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 5.91%. This indicates that FUMIX experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.