JPME vs. FSMDX
Compare and contrast key facts about JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) and Fidelity Mid Cap Index Fund (FSMDX).
JPME is a passively managed fund by JPMorgan that tracks the performance of the JPMorgan Diversified Factor US Mid Cap Equity Index. It was launched on May 11, 2016. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
JPME vs. FSMDX - Performance Comparison
Loading graphics...
JPME vs. FSMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPME JPMorgan Diversified Return US Mid Cap Equity ETF | 5.77% | 8.26% | 13.55% | 11.28% | -10.12% | 28.90% | 8.46% | 25.87% | -8.92% | 19.09% |
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, JPME achieves a 5.77% return, which is significantly higher than FSMDX's -1.30% return.
JPME
- 1D
- 1.79%
- 1M
- -3.84%
- YTD
- 5.77%
- 6M
- 6.68%
- 1Y
- 16.25%
- 3Y*
- 12.28%
- 5Y*
- 8.43%
- 10Y*
- —
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JPME vs. FSMDX - Expense Ratio Comparison
JPME has a 0.24% 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
JPME vs. FSMDX — Risk / Return Rank
JPME
FSMDX
JPME vs. FSMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) 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.
| JPME | FSMDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.72 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.13 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.87 | +0.50 |
Martin ratioReturn relative to average drawdown | 6.27 | 4.07 | +2.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| JPME | FSMDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.72 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.37 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.65 | -0.04 |
Correlation
The correlation between JPME and FSMDX is 0.94, 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
JPME vs. FSMDX - Dividend Comparison
JPME's dividend yield for the trailing twelve months is around 1.95%, more than FSMDX's 1.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPME JPMorgan Diversified Return US Mid Cap Equity ETF | 1.95% | 2.03% | 1.77% | 1.84% | 1.84% | 1.44% | 1.51% | 1.68% | 1.80% | 1.17% | 0.91% | 0.00% |
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
JPME vs. FSMDX - Drawdown Comparison
The maximum JPME drawdown since its inception was -41.01%, roughly equal to the maximum FSMDX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for JPME and FSMDX.
Loading graphics...
Drawdown Indicators
| JPME | FSMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.01% | -40.35% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -13.42% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -26.07% | +6.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.35% | — |
Current DrawdownCurrent decline from peak | -4.11% | -8.16% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -5.00% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.86% | -0.13% |
Volatility
JPME vs. FSMDX - Volatility Comparison
JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) and Fidelity Mid Cap Index Fund (FSMDX) have volatilities of 4.63% and 4.74%, 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.
Loading graphics...
Volatility by Period
| JPME | FSMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.74% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 10.17% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 18.96% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 18.23% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 19.28% | -1.52% |