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MAMEX vs. FZFLX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

MAMEX vs. FZFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mutual of America Mid-Cap Equity Index Fund (MAMEX) and Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX). The values are adjusted to include any dividend payments, if applicable.

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MAMEX vs. FZFLX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
MAMEX
Mutual of America Mid-Cap Equity Index Fund
-0.45%7.40%13.08%13.99%-13.59%23.35%925.33%
FZFLX
Fidelity SAI Small-Mid Cap 500 Index Fund
2.68%10.76%15.52%17.75%-15.62%20.40%19.69%

Returns By Period

In the year-to-date period, MAMEX achieves a -0.45% return, which is significantly lower than FZFLX's 2.68% return.


MAMEX

1D
-2.44%
1M
-8.80%
YTD
-0.45%
6M
1.26%
1Y
13.94%
3Y*
10.08%
5Y*
5.30%
10Y*

FZFLX

1D
-2.75%
1M
-9.45%
YTD
2.68%
6M
4.85%
1Y
21.13%
3Y*
14.17%
5Y*
7.49%
10Y*
11.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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MAMEX vs. FZFLX - Expense Ratio Comparison

MAMEX has a 0.16% 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%.


Return for Risk

MAMEX vs. FZFLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAMEX
MAMEX Risk / Return Rank: 2424
Overall Rank
MAMEX Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
MAMEX Sortino Ratio Rank: 3333
Sortino Ratio Rank
MAMEX Omega Ratio Rank: 3131
Omega Ratio Rank
MAMEX Calmar Ratio Rank: 1313
Calmar Ratio Rank
MAMEX Martin Ratio Rank: 1414
Martin Ratio Rank

FZFLX
FZFLX Risk / Return Rank: 4949
Overall Rank
FZFLX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
FZFLX Sortino Ratio Rank: 4848
Sortino Ratio Rank
FZFLX Omega Ratio Rank: 4545
Omega Ratio Rank
FZFLX Calmar Ratio Rank: 5353
Calmar Ratio Rank
FZFLX Martin Ratio Rank: 5656
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAMEX vs. FZFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mutual of America Mid-Cap Equity Index Fund (MAMEX) 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.


MAMEXFZFLXDifference

Sharpe ratio

Return per unit of total volatility

0.72

0.90

-0.18

Sortino ratio

Return per unit of downside risk

1.18

1.36

-0.19

Omega ratio

Gain probability vs. loss probability

1.16

1.19

-0.03

Calmar ratio

Return relative to maximum drawdown

0.35

1.25

-0.90

Martin ratio

Return relative to average drawdown

1.45

5.41

-3.96

MAMEX vs. FZFLX - Sharpe Ratio Comparison

The current MAMEX Sharpe Ratio is 0.72, which is comparable to the FZFLX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of MAMEX and FZFLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


MAMEXFZFLXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

0.90

-0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.36

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

0.51

-0.35

Correlation

The correlation between MAMEX and FZFLX is 0.85, 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

MAMEX vs. FZFLX - Dividend Comparison

MAMEX's dividend yield for the trailing twelve months is around 11.90%, less than FZFLX's 56.26% yield.


TTM20252024202320222021202020192018201720162015
MAMEX
Mutual of America Mid-Cap Equity Index Fund
11.90%11.85%9.07%7.67%14.01%12.96%0.00%0.00%0.00%0.00%0.00%0.00%
FZFLX
Fidelity SAI Small-Mid Cap 500 Index Fund
56.26%57.77%10.20%2.35%79.79%50.77%7.19%6.49%7.69%1.68%0.93%0.67%

Drawdowns

MAMEX vs. FZFLX - Drawdown Comparison

The maximum MAMEX drawdown since its inception was -42.17%, roughly equal to the maximum FZFLX drawdown of -42.03%. Use the drawdown chart below to compare losses from any high point for MAMEX and FZFLX.


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Drawdown Indicators


MAMEXFZFLXDifference

Max Drawdown

Largest peak-to-trough decline

-42.17%

-42.03%

-0.14%

Max Drawdown (1Y)

Largest decline over 1 year

-14.16%

-14.54%

+0.38%

Max Drawdown (5Y)

Largest decline over 5 years

-24.39%

-24.77%

+0.38%

Max Drawdown (10Y)

Largest decline over 10 years

-42.03%

Current Drawdown

Current decline from peak

-8.84%

-10.68%

+1.84%

Average Drawdown

Average peak-to-trough decline

-7.68%

-5.81%

-1.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.14%

3.36%

+0.78%

Volatility

MAMEX vs. FZFLX - Volatility Comparison

The current volatility for Mutual of America Mid-Cap Equity Index Fund (MAMEX) is 4.62%, while Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a volatility of 10.12%. This indicates that MAMEX experiences smaller price fluctuations and is considered to be less risky than FZFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


MAMEXFZFLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.62%

10.12%

-5.50%

Volatility (6M)

Calculated over the trailing 6-month period

11.83%

15.61%

-3.78%

Volatility (1Y)

Calculated over the trailing 1-year period

21.79%

23.87%

-2.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.02%

20.66%

+1.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

389.19%

20.85%

+368.34%