PESPX vs. FMDGX
PESPX (BNY Mellon MidCap Index Fund) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both mutual funds - PESPX is a Mid Cap Blend Equities fund managed by BNY Mellon, while FMDGX is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index. Over the past 5 years, PESPX returned 7.44%/yr vs 4.43%/yr for FMDGX. Their correlation of 0.83 means they have usually moved in the same direction. PESPX charges 0.50%/yr vs 0.05%/yr for FMDGX.
Performance
PESPX vs. FMDGX - Performance Comparison
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Returns By Period
In the year-to-date period, PESPX achieves a 14.35% return, which is significantly higher than FMDGX's 0.60% return.
PESPX
- 1D
- 0.78%
- 1M
- -0.96%
- 6M
- 9.95%
- YTD
- 14.35%
- 1Y
- 22.24%
- 3Y*
- 11.56%
- 5Y*
- 7.44%
- 10Y*
- 10.57%
- ALL TIME*
- 6.80%
FMDGX
- 1D
- 2.29%
- 1M
- -3.87%
- 6M
- 1.50%
- YTD
- 0.60%
- 1Y
- -0.77%
- 3Y*
- 11.99%
- 5Y*
- 4.43%
- 10Y*
- —
- ALL TIME*
- 10.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PESPX vs. FMDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PESPX BNY Mellon MidCap Index Fund | 14.35% | 6.90% | 11.88% | 14.75% | -13.67% | 24.34% | 13.30% | 19.22% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.60% | 8.60% | 22.03% | 25.79% | -26.67% | 12.67% | 34.84% | 4.63% |
Correlation
The correlation between PESPX and FMDGX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.83 |
The correlation between PESPX and FMDGX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
PESPX vs. FMDGX — Risk / Return Rank
PESPX
FMDGX
PESPX vs. FMDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon MidCap Index Fund (PESPX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PESPX | FMDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.99 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.21 | +2.37 |
| Martin ratioReturn relative to average drawdown | 7.84 | -0.57 | +8.42 |
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Drawdowns
PESPX vs. FMDGX - Drawdown Comparison
The maximum PESPX drawdown since its inception was -61.56%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for PESPX and FMDGX.
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Drawdown Indicators
| PESPX | FMDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.56% | -38.59% | -22.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -14.75% | +5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -25.18% | -25.30% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.18% | -38.59% | +13.41% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -6.20% | +3.95% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -11.03% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 5.29% | -2.83% |
Volatility
PESPX vs. FMDGX - Volatility Comparison
The current volatility for BNY Mellon MidCap Index Fund (PESPX) is 3.46%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 5.15%. This indicates that PESPX 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.
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Volatility by Period
| PESPX | FMDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 5.15% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 14.00% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 17.61% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 22.54% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 24.23% | -2.69% |
PESPX vs. FMDGX - Expense Ratio Comparison
PESPX has a 0.50% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Dividends
PESPX vs. FMDGX - Dividend Comparison
PESPX's dividend yield for the trailing twelve months is around 10.71%, more than FMDGX's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 1.84% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
PESPX BNY Mellon MidCap Index Fund | 10.71% | 12.24% | 11.73% | 8.19% | 16.04% | 15.10% | 11.21% | 21.60% | 14.61% | 9.22% | 1.09% | 1.34% |
Frequently Asked Questions
PESPX and FMDGX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMDGX has higher volatility (5.15%) compared to PESPX (3.46%). In terms of maximum drawdown, PESPX dropped -61.56% vs FMDGX's -38.59%.
PESPX currently has the higher Sharpe Ratio (1.23 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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