SSMHX vs. FSMDX
Compare and contrast key facts about State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and Fidelity Mid Cap Index Fund (FSMDX).
SSMHX is managed by State Street Global Advisors. It was launched on Aug 11, 2015. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSMHX or FSMDX.
Correlation
The correlation between SSMHX and FSMDX is 0.96, 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.
Performance
SSMHX vs. FSMDX - Performance Comparison
Key characteristics
SSMHX:
0.79
FSMDX:
1.28
SSMHX:
1.17
FSMDX:
1.82
SSMHX:
1.15
FSMDX:
1.23
SSMHX:
0.53
FSMDX:
1.87
SSMHX:
3.05
FSMDX:
5.08
SSMHX:
4.67%
FSMDX:
3.28%
SSMHX:
17.99%
FSMDX:
13.02%
SSMHX:
-43.83%
FSMDX:
-40.35%
SSMHX:
-12.88%
FSMDX:
-3.71%
Returns By Period
In the year-to-date period, SSMHX achieves a 5.19% return, which is significantly higher than FSMDX's 4.83% return.
SSMHX
5.19%
1.12%
8.26%
16.61%
5.77%
N/A
FSMDX
4.83%
1.14%
8.22%
17.92%
9.31%
8.47%
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SSMHX vs. FSMDX - Expense Ratio Comparison
SSMHX has a 0.02% expense ratio, which is lower than FSMDX's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SSMHX vs. FSMDX — Risk-Adjusted Performance Rank
SSMHX
FSMDX
SSMHX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and Fidelity Mid Cap Index Fund (FSMDX). 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.
Dividends
SSMHX vs. FSMDX - Dividend Comparison
SSMHX's dividend yield for the trailing twelve months is around 1.29%, more than FSMDX's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 1.29% | 1.36% | 1.30% | 1.40% | 1.10% | 0.88% | 1.30% | 1.80% | 1.26% | 0.88% | 0.60% | 0.00% |
FSMDX Fidelity Mid Cap Index Fund | 1.12% | 1.17% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% |
Drawdowns
SSMHX vs. FSMDX - Drawdown Comparison
The maximum SSMHX drawdown since its inception was -43.83%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for SSMHX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
SSMHX vs. FSMDX - Volatility Comparison
State Street Small/Mid Cap Equity Index Portfolio (SSMHX) has a higher volatility of 3.87% compared to Fidelity Mid Cap Index Fund (FSMDX) at 2.97%. This indicates that SSMHX's price experiences larger fluctuations and is considered to be riskier than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.