VSPMX vs. FMCSX
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Fidelity Mid-Cap Stock Fund (FMCSX).
VSPMX is managed by Vanguard. It was launched on Mar 28, 2011. FMCSX is managed by Fidelity. It was launched on Mar 29, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSPMX or FMCSX.
Performance
VSPMX vs. FMCSX - Performance Comparison
Returns By Period
In the year-to-date period, VSPMX achieves a 17.71% return, which is significantly higher than FMCSX's 12.27% return. Over the past 10 years, VSPMX has outperformed FMCSX with an annualized return of 10.07%, while FMCSX has yielded a comparatively lower 3.40% annualized return.
VSPMX
17.71%
2.42%
8.90%
29.51%
11.93%
10.07%
FMCSX
12.27%
2.76%
4.96%
19.72%
5.51%
3.40%
Key characteristics
| VSPMX | FMCSX | |
|---|---|---|
| Sharpe Ratio | 1.82 | 1.26 |
| Sortino Ratio | 2.58 | 1.69 |
| Omega Ratio | 1.32 | 1.24 |
| Calmar Ratio | 2.85 | 1.30 |
| Martin Ratio | 10.37 | 4.62 |
| Ulcer Index | 2.78% | 4.19% |
| Daily Std Dev | 15.88% | 15.30% |
| Max Drawdown | -42.04% | -62.17% |
| Current Drawdown | -2.72% | -1.45% |
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VSPMX vs. FMCSX - Expense Ratio Comparison
VSPMX has a 0.08% expense ratio, which is lower than FMCSX's 0.85% expense ratio.
Correlation
The correlation between VSPMX and FMCSX 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.
Risk-Adjusted Performance
VSPMX vs. FMCSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Fidelity Mid-Cap Stock Fund (FMCSX). 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
VSPMX vs. FMCSX - Dividend Comparison
VSPMX's dividend yield for the trailing twelve months is around 1.30%, more than FMCSX's 0.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPMX Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares | 1.30% | 1.27% | 1.60% | 1.15% | 1.24% | 1.49% | 1.64% | 1.27% | 1.54% | 1.52% | 1.32% | 0.97% |
FMCSX Fidelity Mid-Cap Stock Fund | 0.78% | 0.92% | 0.73% | 1.15% | 1.14% | 0.98% | 0.94% | 0.57% | 0.77% | 9.86% | 10.28% | 3.30% |
Drawdowns
VSPMX vs. FMCSX - Drawdown Comparison
The maximum VSPMX drawdown since its inception was -42.04%, smaller than the maximum FMCSX drawdown of -62.17%. Use the drawdown chart below to compare losses from any high point for VSPMX and FMCSX. For additional features, visit the drawdowns tool.
Volatility
VSPMX vs. FMCSX - Volatility Comparison
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) has a higher volatility of 5.25% compared to Fidelity Mid-Cap Stock Fund (FMCSX) at 4.41%. This indicates that VSPMX's price experiences larger fluctuations and is considered to be riskier than FMCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.