TRMCX vs. FSMDX
Compare and contrast key facts about T. Rowe Price Mid-Cap Value Fund (TRMCX) and Fidelity Mid Cap Index Fund (FSMDX).
TRMCX is managed by T. Rowe Price. It was launched on Jun 28, 1996. 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: TRMCX or FSMDX.
Key characteristics
| TRMCX | FSMDX | |
|---|---|---|
| YTD Return | 21.15% | 20.45% |
| 1Y Return | 41.86% | 39.05% |
| 3Y Return (Ann) | 11.27% | 3.70% |
| 5Y Return (Ann) | 14.58% | 10.67% |
| 10Y Return (Ann) | 10.62% | 9.30% |
| Sharpe Ratio | 2.30 | 2.77 |
| Sortino Ratio | 3.25 | 3.85 |
| Omega Ratio | 1.47 | 1.48 |
| Calmar Ratio | 3.73 | 1.87 |
| Martin Ratio | 17.28 | 16.38 |
| Ulcer Index | 2.36% | 2.30% |
| Daily Std Dev | 17.75% | 13.59% |
| Max Drawdown | -55.28% | -40.35% |
| Current Drawdown | -0.21% | 0.00% |
Correlation
The correlation between TRMCX and FSMDX is 0.92, 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
TRMCX vs. FSMDX - Performance Comparison
The year-to-date returns for both stocks are quite close, with TRMCX having a 21.15% return and FSMDX slightly lower at 20.45%. Over the past 10 years, TRMCX has outperformed FSMDX with an annualized return of 10.62%, while FSMDX has yielded a comparatively lower 9.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TRMCX vs. FSMDX - Expense Ratio Comparison
TRMCX has a 0.77% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
TRMCX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Mid-Cap Value Fund (TRMCX) 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
TRMCX vs. FSMDX - Dividend Comparison
TRMCX's dividend yield for the trailing twelve months is around 0.94%, less than FSMDX's 0.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRMCX T. Rowe Price Mid-Cap Value Fund | 0.94% | 1.14% | 0.89% | 1.01% | 1.01% | 1.47% | 1.23% | 1.09% | 0.93% | 1.36% | 1.08% | 0.73% |
FSMDX Fidelity Mid Cap Index Fund | 0.95% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
Drawdowns
TRMCX vs. FSMDX - Drawdown Comparison
The maximum TRMCX drawdown since its inception was -55.28%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for TRMCX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
TRMCX vs. FSMDX - Volatility Comparison
The current volatility for T. Rowe Price Mid-Cap Value Fund (TRMCX) is 3.87%, while Fidelity Mid Cap Index Fund (FSMDX) has a volatility of 4.08%. This indicates that TRMCX experiences smaller price fluctuations and is considered to be less risky than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.