IVOO vs. FZFLX
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 ETF (IVOO) and Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX).
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. FZFLX is managed by Fidelity. It was launched on Aug 12, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVOO or FZFLX.
Performance
IVOO vs. FZFLX - Performance Comparison
Returns By Period
In the year-to-date period, IVOO achieves a 16.69% return, which is significantly higher than FZFLX's 14.67% return.
IVOO
16.69%
0.50%
6.99%
29.34%
11.56%
10.01%
FZFLX
14.67%
0.75%
7.47%
28.95%
11.01%
N/A
Key characteristics
| IVOO | FZFLX | |
|---|---|---|
| Sharpe Ratio | 1.75 | 1.78 |
| Sortino Ratio | 2.50 | 2.48 |
| Omega Ratio | 1.30 | 1.30 |
| Calmar Ratio | 2.59 | 1.91 |
| Martin Ratio | 10.10 | 9.17 |
| Ulcer Index | 2.77% | 3.01% |
| Daily Std Dev | 15.98% | 15.52% |
| Max Drawdown | -42.33% | -42.04% |
| Current Drawdown | -3.54% | -3.33% |
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IVOO vs. FZFLX - Expense Ratio Comparison
IVOO has a 0.10% expense ratio, which is higher than FZFLX's 0.05% 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%.
Correlation
The correlation between IVOO and FZFLX 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.
Risk-Adjusted Performance
IVOO vs. FZFLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 ETF (IVOO) and Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX). 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
IVOO vs. FZFLX - Dividend Comparison
IVOO's dividend yield for the trailing twelve months is around 1.29%, less than FZFLX's 1.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.29% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% | 0.92% |
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 1.62% | 1.49% | 1.99% | 2.00% | 1.20% | 3.48% | 1.69% | 1.04% | 0.81% | 1.21% | 0.00% | 0.00% |
Drawdowns
IVOO vs. FZFLX - Drawdown Comparison
The maximum IVOO drawdown since its inception was -42.33%, roughly equal to the maximum FZFLX drawdown of -42.04%. Use the drawdown chart below to compare losses from any high point for IVOO and FZFLX. For additional features, visit the drawdowns tool.
Volatility
IVOO vs. FZFLX - Volatility Comparison
Vanguard S&P Mid-Cap 400 ETF (IVOO) has a higher volatility of 5.46% compared to Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) at 4.83%. This indicates that IVOO's price experiences larger fluctuations and is considered to be riskier than FZFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.