IMCB vs. FSMDX
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCB) and Fidelity Mid Cap Index Fund (FSMDX).
IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMCB or FSMDX.
Key characteristics
| IMCB | FSMDX | |
|---|---|---|
| YTD Return | 20.18% | 20.41% |
| 1Y Return | 32.56% | 33.07% |
| 3Y Return (Ann) | 4.94% | 3.73% |
| 5Y Return (Ann) | 10.86% | 10.45% |
| 10Y Return (Ann) | 9.91% | 9.31% |
| Sharpe Ratio | 2.87 | 2.77 |
| Sortino Ratio | 4.00 | 3.84 |
| Omega Ratio | 1.50 | 1.48 |
| Calmar Ratio | 2.76 | 2.25 |
| Martin Ratio | 16.28 | 16.31 |
| Ulcer Index | 2.27% | 2.30% |
| Daily Std Dev | 12.87% | 13.55% |
| Max Drawdown | -58.80% | -40.35% |
| Current Drawdown | -0.73% | -0.96% |
Correlation
The correlation between IMCB and FSMDX 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
IMCB vs. FSMDX - Performance Comparison
The year-to-date returns for both investments are quite close, with IMCB having a 20.18% return and FSMDX slightly higher at 20.41%. Over the past 10 years, IMCB has outperformed FSMDX with an annualized return of 9.91%, while FSMDX has yielded a comparatively lower 9.31% annualized 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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IMCB vs. FSMDX - Expense Ratio Comparison
IMCB has a 0.04% expense ratio, which is higher than FSMDX'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
IMCB vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) and Fidelity Mid Cap Index Fund (FSMDX). 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
IMCB vs. FSMDX - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.37%, more than FSMDX's 0.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.37% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% | 1.19% |
FSMDX Fidelity Mid Cap Index Fund | 0.95% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
Drawdowns
IMCB vs. FSMDX - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for IMCB and FSMDX. For additional features, visit the drawdowns tool.
Volatility
IMCB vs. FSMDX - Volatility Comparison
iShares Morningstar Mid-Cap ETF (IMCB) and Fidelity Mid Cap Index Fund (FSMDX) have volatilities of 3.95% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.