Correlation
The correlation between MIEDX and FDGRX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MIEDX vs. FDGRX
Compare and contrast key facts about MassMutual International Equity Fund (MIEDX) and Fidelity Growth Company Fund (FDGRX).
MIEDX is managed by MassMutual. It was launched on Jan 31, 1995. FDGRX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIEDX or FDGRX.
Performance
MIEDX vs. FDGRX - Performance Comparison
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Key characteristics
MIEDX:
0.81
FDGRX:
0.45
MIEDX:
1.07
FDGRX:
0.69
MIEDX:
1.14
FDGRX:
1.09
MIEDX:
0.32
FDGRX:
0.37
MIEDX:
1.50
FDGRX:
1.16
MIEDX:
6.55%
FDGRX:
8.46%
MIEDX:
13.28%
FDGRX:
27.09%
MIEDX:
-68.86%
FDGRX:
-71.50%
MIEDX:
-17.80%
FDGRX:
-7.48%
Returns By Period
In the year-to-date period, MIEDX achieves a 15.49% return, which is significantly higher than FDGRX's -3.07% return. Over the past 10 years, MIEDX has underperformed FDGRX with an annualized return of 5.17%, while FDGRX has yielded a comparatively higher 17.72% annualized return.
MIEDX
15.49%
4.16%
11.01%
9.60%
6.90%
8.52%
5.17%
FDGRX
-3.07%
8.61%
-2.30%
12.19%
21.00%
18.24%
17.72%
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MIEDX vs. FDGRX - Expense Ratio Comparison
MIEDX has a 1.07% expense ratio, which is higher than FDGRX's 0.79% expense ratio.
Risk-Adjusted Performance
MIEDX vs. FDGRX — Risk-Adjusted Performance Rank
MIEDX
FDGRX
MIEDX vs. FDGRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual International Equity Fund (MIEDX) and Fidelity Growth Company Fund (FDGRX). 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.
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Dividends
MIEDX vs. FDGRX - Dividend Comparison
MIEDX's dividend yield for the trailing twelve months is around 4.71%, less than FDGRX's 9.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIEDX MassMutual International Equity Fund | 4.71% | 5.43% | 3.25% | 5.78% | 13.28% | 51.42% | 3.75% | 5.39% | 1.14% | 2.81% | 4.88% | 20.39% |
FDGRX Fidelity Growth Company Fund | 9.14% | 8.86% | 3.83% | 7.20% | 10.67% | 8.86% | 3.84% | 6.38% | 4.73% | 6.23% | 3.92% | 3.94% |
Drawdowns
MIEDX vs. FDGRX - Drawdown Comparison
The maximum MIEDX drawdown since its inception was -68.86%, roughly equal to the maximum FDGRX drawdown of -71.50%. Use the drawdown chart below to compare losses from any high point for MIEDX and FDGRX.
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Volatility
MIEDX vs. FDGRX - Volatility Comparison
The current volatility for MassMutual International Equity Fund (MIEDX) is 2.98%, while Fidelity Growth Company Fund (FDGRX) has a volatility of 6.17%. This indicates that MIEDX experiences smaller price fluctuations and is considered to be less risky than FDGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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