PQCCX vs. FSMAX
PQCCX (PGIM Quant Solutions Mid-Cap Core Equity Fund) and FSMAX (Fidelity Extended Market Index Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, PQCCX returned 13.50%/yr vs 6.17%/yr for FSMAX. Their correlation of 0.93 means they have usually moved in the same direction. PQCCX charges 0.81%/yr vs 0.04%/yr for FSMAX.
Performance
PQCCX vs. FSMAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PQCCX having a 14.53% return and FSMAX slightly lower at 13.84%.
PQCCX
- 1D
- 0.81%
- 1M
- -0.97%
- 6M
- 10.17%
- YTD
- 14.53%
- 1Y
- 22.65%
- 3Y*
- 20.68%
- 5Y*
- 13.50%
- 10Y*
- —
- ALL TIME*
- 11.69%
FSMAX
- 1D
- 1.41%
- 1M
- -2.65%
- 6M
- 11.17%
- YTD
- 13.84%
- 1Y
- 23.61%
- 3Y*
- 15.94%
- 5Y*
- 6.17%
- 10Y*
- 11.60%
- ALL TIME*
- 12.12%
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 |
PQCCX vs. FSMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQCCX PGIM Quant Solutions Mid-Cap Core Equity Fund | 14.53% | 7.08% | 37.16% | 18.91% | -10.54% | 28.16% | 3.01% | 24.76% | -15.38% | 15.48% |
FSMAX Fidelity Extended Market Index Fund | 13.84% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
Correlation
The correlation between PQCCX and FSMAX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.93 |
The correlation between PQCCX and FSMAX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
PQCCX vs. FSMAX — Risk / Return Rank
PQCCX
FSMAX
PQCCX vs. FSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Quant Solutions Mid-Cap Core Equity Fund (PQCCX) and Fidelity Extended Market Index Fund (FSMAX). 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.
| PQCCX | FSMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.00 | +0.19 |
| Martin ratioReturn relative to average drawdown | 8.01 | 6.80 | +1.21 |
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Drawdowns
PQCCX vs. FSMAX - Drawdown Comparison
The maximum PQCCX drawdown since its inception was -45.27%, smaller than the maximum FSMAX drawdown of -50.55%. Use the drawdown chart below to compare losses from any high point for PQCCX and FSMAX.
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Drawdown Indicators
| PQCCX | FSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.27% | -50.55% | +5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -10.26% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -34.53% | -26.82% | -7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -34.53% | -36.31% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.55% | — |
Current DrawdownCurrent decline from peak | -2.48% | -3.77% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -12.06% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.02% | -0.56% |
Volatility
PQCCX vs. FSMAX - Volatility Comparison
The current volatility for PGIM Quant Solutions Mid-Cap Core Equity Fund (PQCCX) is 3.53%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 3.90%. This indicates that PQCCX experiences smaller price fluctuations and is considered to be less risky than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PQCCX | FSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 3.90% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 13.31% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 17.80% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.55% | 22.39% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 30.22% | -3.63% |
PQCCX vs. FSMAX - Expense Ratio Comparison
PQCCX has a 0.81% expense ratio, which is higher than FSMAX's 0.04% expense ratio.
Dividends
PQCCX vs. FSMAX - Dividend Comparison
PQCCX's dividend yield for the trailing twelve months is around 3.09%, more than FSMAX's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | 0.50% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
PQCCX PGIM Quant Solutions Mid-Cap Core Equity Fund | 3.09% | 3.54% | 38.85% | 7.15% | 17.18% | 26.66% | 0.71% | 1.00% | 7.37% | 2.85% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, PQCCX and FSMAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FSMAX has higher volatility (3.90%) compared to PQCCX (3.53%). In terms of maximum drawdown, PQCCX dropped -45.27% vs FSMAX's -50.55%.
PQCCX currently has the higher Sharpe Ratio (1.24 vs 1.16), 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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