Correlation
The correlation between MIEYX and FITLX 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.
MIEYX vs. FITLX
Compare and contrast key facts about MM S&P 500 Index Fund (MIEYX) and Fidelity US Sustainability Index Fund (FITLX).
MIEYX is managed by MassMutual. It was launched on Feb 27, 1998. FITLX is managed by Fidelity. It was launched on May 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIEYX or FITLX.
Performance
MIEYX vs. FITLX - Performance Comparison
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Key characteristics
MIEYX:
0.71
FITLX:
0.62
MIEYX:
1.01
FITLX:
0.87
MIEYX:
1.15
FITLX:
1.12
MIEYX:
0.66
FITLX:
0.54
MIEYX:
2.49
FITLX:
1.87
MIEYX:
4.97%
FITLX:
5.74%
MIEYX:
19.78%
FITLX:
20.66%
MIEYX:
-55.79%
FITLX:
-34.35%
MIEYX:
-3.55%
FITLX:
-3.53%
Returns By Period
In the year-to-date period, MIEYX achieves a 0.86% return, which is significantly lower than FITLX's 1.00% return.
MIEYX
0.86%
5.60%
-1.62%
12.90%
13.81%
15.33%
12.29%
FITLX
1.00%
7.29%
-1.97%
11.74%
14.55%
15.71%
N/A
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MIEYX vs. FITLX - Expense Ratio Comparison
MIEYX has a 0.46% expense ratio, which is higher than FITLX's 0.11% expense ratio.
Risk-Adjusted Performance
MIEYX vs. FITLX — Risk-Adjusted Performance Rank
MIEYX
FITLX
MIEYX vs. FITLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MM S&P 500 Index Fund (MIEYX) and Fidelity US Sustainability Index Fund (FITLX). 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
MIEYX vs. FITLX - Dividend Comparison
MIEYX's dividend yield for the trailing twelve months is around 32.62%, more than FITLX's 1.28% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
MIEYX MM S&P 500 Index Fund | 32.62% | 32.90% | 7.13% | 33.24% | 13.29% | 16.30% | 6.38% | 19.13% | 24.03% | 6.20% | 3.92% | 3.63% |
FITLX Fidelity US Sustainability Index Fund | 1.28% | 1.29% | 1.12% | 1.49% | 0.99% | 1.01% | 1.41% | 1.58% | 0.76% | 0.00% | 0.00% | 0.00% |
Drawdowns
MIEYX vs. FITLX - Drawdown Comparison
The maximum MIEYX drawdown since its inception was -55.79%, which is greater than FITLX's maximum drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for MIEYX and FITLX.
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Volatility
MIEYX vs. FITLX - Volatility Comparison
MM S&P 500 Index Fund (MIEYX) and Fidelity US Sustainability Index Fund (FITLX) have volatilities of 4.83% and 4.96%, 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.
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