MEFAX vs. FMDGX
Compare and contrast key facts about MassMutual Mid Cap Growth Fund (MEFAX) and Fidelity Mid Cap Growth Index Fund (FMDGX).
MEFAX is managed by MassMutual. It was launched on May 31, 2000. FMDGX is managed by Fidelity. It was launched on Jul 11, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEFAX or FMDGX.
Correlation
The correlation between MEFAX and FMDGX is 0.96, 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
MEFAX vs. FMDGX - Performance Comparison
Key characteristics
MEFAX:
-0.44
FMDGX:
1.46
MEFAX:
-0.38
FMDGX:
2.02
MEFAX:
0.92
FMDGX:
1.26
MEFAX:
-0.18
FMDGX:
1.66
MEFAX:
-1.05
FMDGX:
6.76
MEFAX:
9.20%
FMDGX:
3.54%
MEFAX:
22.13%
FMDGX:
16.34%
MEFAX:
-60.53%
FMDGX:
-38.85%
MEFAX:
-52.02%
FMDGX:
-3.31%
Returns By Period
In the year-to-date period, MEFAX achieves a 1.94% return, which is significantly lower than FMDGX's 6.57% return.
MEFAX
1.94%
-2.01%
-12.15%
-9.00%
-8.31%
-2.90%
FMDGX
6.57%
0.40%
19.93%
25.73%
10.40%
N/A
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MEFAX vs. FMDGX - Expense Ratio Comparison
MEFAX has a 1.20% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Risk-Adjusted Performance
MEFAX vs. FMDGX — Risk-Adjusted Performance Rank
MEFAX
FMDGX
MEFAX vs. FMDGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Mid Cap Growth Fund (MEFAX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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
MEFAX vs. FMDGX - Dividend Comparison
MEFAX's dividend yield for the trailing twelve months is around 0.42%, less than FMDGX's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
MEFAX MassMutual Mid Cap Growth Fund | 0.42% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.44% | 0.47% | 0.63% | 0.81% | 0.42% | 0.36% | 0.27% |
Drawdowns
MEFAX vs. FMDGX - Drawdown Comparison
The maximum MEFAX drawdown since its inception was -60.53%, which is greater than FMDGX's maximum drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for MEFAX and FMDGX. For additional features, visit the drawdowns tool.
Volatility
MEFAX vs. FMDGX - Volatility Comparison
The current volatility for MassMutual Mid Cap Growth Fund (MEFAX) is 3.10%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 5.04%. This indicates that MEFAX experiences smaller price fluctuations and is considered to be less risky than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.