TMIFX vs. FMDGX
TMIFX (Transamerica Mid Cap Growth) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, TMIFX returned 3.15%/yr vs 4.43%/yr for FMDGX. Their correlation of 0.95 means they have usually moved in the same direction. TMIFX charges 0.95%/yr vs 0.05%/yr for FMDGX.
Performance
TMIFX vs. FMDGX - Performance Comparison
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Returns By Period
In the year-to-date period, TMIFX achieves a 5.75% return, which is significantly higher than FMDGX's 0.60% return.
TMIFX
- 1D
- 1.55%
- 1M
- -4.17%
- 6M
- 7.61%
- YTD
- 5.75%
- 1Y
- 1.42%
- 3Y*
- 11.41%
- 5Y*
- 3.15%
- 10Y*
- —
- ALL TIME*
- 8.41%
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 |
TMIFX vs. FMDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TMIFX Transamerica Mid Cap Growth | 5.75% | 6.85% | 16.25% | 31.92% | -32.11% | 8.15% | 30.28% | 8.41% |
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 TMIFX and FMDGX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.95 |
The correlation between TMIFX and FMDGX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
TMIFX vs. FMDGX — Risk / Return Rank
TMIFX
FMDGX
TMIFX vs. FMDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Mid Cap Growth (TMIFX) 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.
| TMIFX | FMDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.99 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.21 | +0.07 |
| Martin ratioReturn relative to average drawdown | -0.36 | -0.57 | +0.22 |
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Drawdowns
TMIFX vs. FMDGX - Drawdown Comparison
The maximum TMIFX drawdown since its inception was -55.26%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for TMIFX and FMDGX.
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Drawdown Indicators
| TMIFX | FMDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.26% | -38.59% | -16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -14.75% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -25.30% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -55.26% | -38.59% | -16.67% |
Current DrawdownCurrent decline from peak | -16.47% | -6.20% | -10.27% |
Average DrawdownAverage peak-to-trough decline | -19.05% | -11.03% | -8.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 5.29% | +0.72% |
Volatility
TMIFX vs. FMDGX - Volatility Comparison
The current volatility for Transamerica Mid Cap Growth (TMIFX) is 4.54%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 5.15%. This indicates that TMIFX 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
| TMIFX | FMDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 5.15% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.38% | 14.00% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 17.61% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.69% | 22.54% | +13.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.89% | 24.23% | +5.66% |
TMIFX vs. FMDGX - Expense Ratio Comparison
TMIFX has a 0.95% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Dividends
TMIFX vs. FMDGX - Dividend Comparison
TMIFX's dividend yield for the trailing twelve months is around 23.27%, more than FMDGX's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TMIFX Transamerica Mid Cap Growth | 23.27% | 24.61% | 4.10% | 0.00% | 0.00% | 43.24% | 4.67% | 1.66% | 53.57% | 0.09% |
Frequently Asked Questions
With a correlation of 0.94, TMIFX and FMDGX 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.
FMDGX has higher volatility (5.15%) compared to TMIFX (4.54%). In terms of maximum drawdown, TMIFX dropped -55.26% vs FMDGX's -38.59%.
TMIFX currently has the higher Sharpe Ratio (-0.11 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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