GSMYX vs. FMDGX
GSMYX (Goldman Sachs Small/Mid Cap Growth Fund) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, GSMYX returned 1.31%/yr vs 4.43%/yr for FMDGX. Their correlation of 0.95 means they have usually moved in the same direction. GSMYX charges 0.89%/yr vs 0.05%/yr for FMDGX.
Performance
GSMYX vs. FMDGX - Performance Comparison
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Returns By Period
In the year-to-date period, GSMYX achieves a 13.73% return, which is significantly higher than FMDGX's 0.60% return.
GSMYX
- 1D
- 3.00%
- 1M
- -5.82%
- 6M
- 10.39%
- YTD
- 13.73%
- 1Y
- 22.40%
- 3Y*
- 9.73%
- 5Y*
- 1.31%
- 10Y*
- 11.11%
- ALL TIME*
- 10.67%
FMDGX
- 1D
- 2.29%
- 1M
- -3.87%
- 6M
- 1.50%
- YTD
- 0.60%
- 1Y
- -0.77%
- 3Y*
- 11.99%
- 5Y*
- 4.43%
- 10Y*
- —
- ALL TIME*
- 10.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GSMYX vs. FMDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSMYX Goldman Sachs Small/Mid Cap Growth Fund | 13.73% | 2.15% | 12.88% | 14.28% | -28.45% | 7.93% | 53.14% | 6.84% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.60% | 8.60% | 22.03% | 25.79% | -26.67% | 12.67% | 34.84% | 4.63% |
Correlation
The correlation between GSMYX and FMDGX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.95 |
The correlation between GSMYX and FMDGX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
GSMYX vs. FMDGX — Risk / Return Rank
GSMYX
FMDGX
GSMYX vs. FMDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small/Mid Cap Growth Fund (GSMYX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSMYX | FMDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.99 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.21 | +1.73 |
| Martin ratioReturn relative to average drawdown | 5.34 | -0.57 | +5.91 |
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Drawdowns
GSMYX vs. FMDGX - Drawdown Comparison
The maximum GSMYX drawdown since its inception was -55.00%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for GSMYX and FMDGX.
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Drawdown Indicators
| GSMYX | FMDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.00% | -38.59% | -16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -14.75% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -29.90% | -25.30% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -42.51% | -38.59% | -3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -42.51% | — | — |
Current DrawdownCurrent decline from peak | -8.90% | -6.20% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -11.03% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 5.29% | -1.71% |
Volatility
GSMYX vs. FMDGX - Volatility Comparison
Goldman Sachs Small/Mid Cap Growth Fund (GSMYX) has a higher volatility of 6.57% compared to Fidelity Mid Cap Growth Index Fund (FMDGX) at 5.15%. This indicates that GSMYX's price experiences larger fluctuations and is considered to be riskier than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSMYX | FMDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 5.15% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 14.00% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 17.61% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 22.54% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.82% | 24.23% | -1.41% |
GSMYX vs. FMDGX - Expense Ratio Comparison
GSMYX has a 0.89% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Dividends
GSMYX vs. FMDGX - Dividend Comparison
GSMYX's dividend yield for the trailing twelve months is around 13.86%, more than FMDGX's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 1.84% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
GSMYX Goldman Sachs Small/Mid Cap Growth Fund | 13.86% | 15.76% | 0.67% | 0.00% | 0.00% | 14.07% | 13.51% | 14.27% | 20.82% | 12.92% | 3.50% | 3.62% |
Frequently Asked Questions
GSMYX and FMDGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSMYX has higher volatility (6.57%) compared to FMDGX (5.15%). In terms of maximum drawdown, GSMYX dropped -55.00% vs FMDGX's -38.59%.
GSMYX currently has the higher Sharpe Ratio (0.85 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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