FZFLX vs. IVOO
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Vanguard S&P Mid-Cap 400 ETF (IVOO).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. IVOO is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 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: FZFLX or IVOO.
Key characteristics
| FZFLX | IVOO | |
|---|---|---|
| YTD Return | 17.08% | 19.12% |
| 1Y Return | 31.17% | 31.38% |
| 3Y Return (Ann) | 4.17% | 5.74% |
| 5Y Return (Ann) | 11.50% | 12.04% |
| Sharpe Ratio | 2.28 | 2.23 |
| Sortino Ratio | 3.17 | 3.15 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 2.52 | 3.37 |
| Martin Ratio | 12.14 | 13.18 |
| Ulcer Index | 3.00% | 2.76% |
| Daily Std Dev | 15.92% | 16.33% |
| Max Drawdown | -42.04% | -42.33% |
| Current Drawdown | -1.30% | -1.53% |
Correlation
The correlation between FZFLX and IVOO is 0.98, 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
FZFLX vs. IVOO - Performance Comparison
In the year-to-date period, FZFLX achieves a 17.08% return, which is significantly lower than IVOO's 19.12% 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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FZFLX vs. IVOO - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is lower than IVOO's 0.10% expense ratio. Despite the difference, 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
FZFLX vs. IVOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Vanguard S&P Mid-Cap 400 ETF (IVOO). 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
FZFLX vs. IVOO - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 1.58%, more than IVOO's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 1.58% | 1.49% | 1.99% | 2.00% | 1.20% | 3.48% | 1.69% | 1.04% | 0.81% | 1.21% | 0.00% | 0.00% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.27% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% | 0.92% |
Drawdowns
FZFLX vs. IVOO - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.04%, roughly equal to the maximum IVOO drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for FZFLX and IVOO. For additional features, visit the drawdowns tool.
Volatility
FZFLX vs. IVOO - Volatility Comparison
The current volatility for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) is 4.61%, while Vanguard S&P Mid-Cap 400 ETF (IVOO) has a volatility of 5.27%. This indicates that FZFLX experiences smaller price fluctuations and is considered to be less risky than IVOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.