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.
Performance
IMCB vs. FSMDX - Performance Comparison
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IMCB vs. FSMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.14% | 10.25% | 15.10% | 16.37% | -16.09% | 22.81% | 13.35% | 31.49% | -11.53% | 19.70% |
FSMDX Fidelity Mid Cap Index Fund | -1.30% | 10.58% | 15.55% | 17.20% | -17.27% | 22.56% | 17.13% | 30.53% | -9.38% | 18.04% |
Returns By Period
In the year-to-date period, IMCB achieves a 1.14% return, which is significantly higher than FSMDX's -1.30% return. Both investments have delivered pretty close results over the past 10 years, with IMCB having a 10.27% annualized return and FSMDX not far ahead at 10.52%.
IMCB
- 1D
- 2.52%
- 1M
- -5.47%
- YTD
- 1.14%
- 6M
- 1.17%
- 1Y
- 14.21%
- 3Y*
- 12.90%
- 5Y*
- 7.16%
- 10Y*
- 10.27%
FSMDX
- 1D
- -0.76%
- 1M
- -7.77%
- YTD
- -1.30%
- 6M
- -1.14%
- 1Y
- 13.02%
- 3Y*
- 12.41%
- 5Y*
- 6.74%
- 10Y*
- 10.52%
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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%.
Return for Risk
IMCB vs. FSMDX — Risk / Return Rank
IMCB
FSMDX
IMCB vs. FSMDX - Risk-Adjusted Trends 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.
| IMCB | FSMDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.72 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.13 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.87 | +0.29 |
Martin ratioReturn relative to average drawdown | 5.35 | 4.07 | +1.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMCB | FSMDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.72 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.37 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.55 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.65 | -0.17 |
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.
Dividends
IMCB vs. FSMDX - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.38%, more than FSMDX's 1.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.38% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
FSMDX Fidelity Mid Cap Index Fund | 1.12% | 1.10% | 2.46% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.21% | 2.17% | 2.23% | 2.84% |
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.
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Drawdown Indicators
| IMCB | FSMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.80% | -40.35% | -18.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -13.42% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -26.07% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -40.35% | -0.64% |
Current DrawdownCurrent decline from peak | -5.73% | -8.16% | +2.43% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -5.00% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.86% | -0.07% |
Volatility
IMCB vs. FSMDX - Volatility Comparison
iShares Morningstar Mid-Cap ETF (IMCB) has a higher volatility of 5.32% compared to Fidelity Mid Cap Index Fund (FSMDX) at 4.74%. This indicates that IMCB's price experiences larger fluctuations and is considered to be riskier than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMCB | FSMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 4.74% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 10.17% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 18.96% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 18.23% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 19.28% | +0.35% |