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.
Correlation
The correlation between FZFLX and IVOO is 0.97, 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
Key characteristics
FZFLX:
-0.58
IVOO:
-0.29
FZFLX:
-0.68
IVOO:
-0.28
FZFLX:
0.91
IVOO:
0.96
FZFLX:
-0.16
IVOO:
-0.30
FZFLX:
-1.76
IVOO:
-0.97
FZFLX:
5.92%
IVOO:
5.41%
FZFLX:
17.89%
IVOO:
17.97%
FZFLX:
-70.34%
IVOO:
-42.33%
FZFLX:
-64.37%
IVOO:
-17.50%
Returns By Period
The year-to-date returns for both investments are quite close, with FZFLX having a -10.66% return and IVOO slightly higher at -10.51%.
FZFLX
-10.66%
-6.86%
-10.49%
-10.83%
-6.23%
N/A
IVOO
-10.51%
-6.37%
-9.18%
-5.71%
17.57%
7.74%
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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 Rank
FZFLX
IVOO
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 2.07%, more than IVOO's 1.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 2.07% | 1.85% | 1.49% | 1.99% | 2.00% | 1.20% | 3.48% | 1.69% | 1.04% | 0.81% | 1.21% | 0.00% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.78% | 1.48% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% |
Drawdowns
FZFLX vs. IVOO - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -70.34%, which is greater than IVOO's maximum 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
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 9.65% compared to Vanguard S&P Mid-Cap 400 ETF (IVOO) at 9.18%. This indicates that FZFLX's price experiences larger fluctuations and is considered to be riskier than IVOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.