MISEX vs. FLCPX
Compare and contrast key facts about Midas Magic (MISEX) and Fidelity SAI U.S. Large Cap Index Fund (FLCPX).
MISEX is managed by Midas. It was launched on Mar 20, 1986. FLCPX is managed by Fidelity. It was launched on Feb 2, 2016.
Performance
MISEX vs. FLCPX - Performance Comparison
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MISEX vs. FLCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MISEX Midas Magic | -10.54% | 29.83% | 26.58% | 32.71% | -23.29% | 38.28% | 13.69% | 33.49% | -11.36% | 17.90% |
FLCPX Fidelity SAI U.S. Large Cap Index Fund | -7.05% | 17.84% | 25.08% | 26.25% | -18.06% | 28.61% | 18.24% | 31.59% | -4.38% | 21.74% |
Returns By Period
In the year-to-date period, MISEX achieves a -10.54% return, which is significantly lower than FLCPX's -7.05% return. Both investments have delivered pretty close results over the past 10 years, with MISEX having a 13.74% annualized return and FLCPX not far ahead at 13.75%.
MISEX
- 1D
- -0.05%
- 1M
- -11.11%
- YTD
- -10.54%
- 6M
- -4.14%
- 1Y
- 19.29%
- 3Y*
- 23.12%
- 5Y*
- 12.22%
- 10Y*
- 13.74%
FLCPX
- 1D
- -0.39%
- 1M
- -7.70%
- YTD
- -7.05%
- 6M
- -4.58%
- 1Y
- 14.45%
- 3Y*
- 17.20%
- 5Y*
- 11.42%
- 10Y*
- 13.75%
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MISEX vs. FLCPX - Expense Ratio Comparison
MISEX has a 2.95% expense ratio, which is higher than FLCPX's 0.02% expense ratio.
Return for Risk
MISEX vs. FLCPX — Risk / Return Rank
MISEX
FLCPX
MISEX vs. FLCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Midas Magic (MISEX) and Fidelity SAI U.S. Large Cap Index Fund (FLCPX). 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.
| MISEX | FLCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.84 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.30 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.00 | -0.03 |
Martin ratioReturn relative to average drawdown | 3.85 | 4.86 | -1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MISEX | FLCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.84 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.67 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.76 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.82 | -0.53 |
Correlation
The correlation between MISEX and FLCPX is 0.89, 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
MISEX vs. FLCPX - Dividend Comparison
MISEX's dividend yield for the trailing twelve months is around 10.01%, more than FLCPX's 0.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISEX Midas Magic | 10.01% | 8.95% | 2.03% | 2.17% | 5.23% | 6.96% | 2.81% | 4.69% | 4.49% | 2.79% | 23.93% | 23.05% |
FLCPX Fidelity SAI U.S. Large Cap Index Fund | 0.60% | 0.56% | 6.11% | 7.05% | 11.23% | 10.38% | 3.93% | 1.74% | 2.18% | 1.57% | 0.76% | 0.00% |
Drawdowns
MISEX vs. FLCPX - Drawdown Comparison
The maximum MISEX drawdown since its inception was -71.80%, which is greater than FLCPX's maximum drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for MISEX and FLCPX.
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Drawdown Indicators
| MISEX | FLCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.80% | -33.87% | -37.93% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -12.14% | -4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -31.37% | -24.40% | -6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -43.11% | -33.87% | -9.24% |
Current DrawdownCurrent decline from peak | -16.98% | -8.89% | -8.09% |
Average DrawdownAverage peak-to-trough decline | -21.50% | -4.24% | -17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 2.56% | +1.70% |
Volatility
MISEX vs. FLCPX - Volatility Comparison
Midas Magic (MISEX) has a higher volatility of 6.05% compared to Fidelity SAI U.S. Large Cap Index Fund (FLCPX) at 4.24%. This indicates that MISEX's price experiences larger fluctuations and is considered to be riskier than FLCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MISEX | FLCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 4.24% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 9.09% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 18.14% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 17.03% | +4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.37% | 18.12% | +5.25% |