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VSPMX vs. FSMDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VSPMX and FSMDX is 0.97, 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.


-0.50.00.51.0
Correlation: 1.0

Performance

VSPMX vs. FSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Fidelity Mid Cap Index Fund (FSMDX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%NovemberDecember2025FebruaryMarchApril
-5.49%
-3.33%
VSPMX
FSMDX

Key characteristics

Sharpe Ratio

VSPMX:

-0.15

FSMDX:

0.13

Sortino Ratio

VSPMX:

-0.10

FSMDX:

0.28

Omega Ratio

VSPMX:

0.99

FSMDX:

1.03

Calmar Ratio

VSPMX:

-0.17

FSMDX:

0.13

Martin Ratio

VSPMX:

-0.48

FSMDX:

0.40

Ulcer Index

VSPMX:

5.28%

FSMDX:

4.58%

Daily Std Dev

VSPMX:

16.59%

FSMDX:

14.30%

Max Drawdown

VSPMX:

-42.04%

FSMDX:

-40.35%

Current Drawdown

VSPMX:

-13.20%

FSMDX:

-10.95%

Returns By Period

In the year-to-date period, VSPMX achieves a -5.89% return, which is significantly lower than FSMDX's -3.05% return. Over the past 10 years, VSPMX has outperformed FSMDX with an annualized return of 8.40%, while FSMDX has yielded a comparatively lower 7.66% annualized return.


VSPMX

YTD

-5.89%

1M

-5.26%

6M

-4.77%

1Y

-1.86%

5Y*

18.09%

10Y*

8.40%

FSMDX

YTD

-3.05%

1M

-4.27%

6M

-2.88%

1Y

2.58%

5Y*

16.24%

10Y*

7.66%

*Annualized

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VSPMX vs. FSMDX - Expense Ratio Comparison

VSPMX has a 0.08% expense ratio, which is higher than FSMDX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for VSPMX: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VSPMX: 0.08%
Expense ratio chart for FSMDX: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FSMDX: 0.03%

Risk-Adjusted Performance

VSPMX vs. FSMDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VSPMX
The Risk-Adjusted Performance Rank of VSPMX is 2222
Overall Rank
The Sharpe Ratio Rank of VSPMX is 2323
Sharpe Ratio Rank
The Sortino Ratio Rank of VSPMX is 2323
Sortino Ratio Rank
The Omega Ratio Rank of VSPMX is 2323
Omega Ratio Rank
The Calmar Ratio Rank of VSPMX is 1919
Calmar Ratio Rank
The Martin Ratio Rank of VSPMX is 2121
Martin Ratio Rank

FSMDX
The Risk-Adjusted Performance Rank of FSMDX is 3838
Overall Rank
The Sharpe Ratio Rank of FSMDX is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of FSMDX is 3838
Sortino Ratio Rank
The Omega Ratio Rank of FSMDX is 3737
Omega Ratio Rank
The Calmar Ratio Rank of FSMDX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of FSMDX is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VSPMX vs. FSMDX - 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 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.


The chart of Sharpe ratio for VSPMX, currently valued at -0.15, compared to the broader market-1.000.001.002.003.00
VSPMX: -0.15
FSMDX: 0.13
The chart of Sortino ratio for VSPMX, currently valued at -0.10, compared to the broader market0.002.004.006.008.00
VSPMX: -0.10
FSMDX: 0.28
The chart of Omega ratio for VSPMX, currently valued at 0.99, compared to the broader market0.501.001.502.002.503.003.50
VSPMX: 0.99
FSMDX: 1.03
The chart of Calmar ratio for VSPMX, currently valued at -0.17, compared to the broader market0.002.004.006.008.0010.0012.00
VSPMX: -0.17
FSMDX: 0.13
The chart of Martin ratio for VSPMX, currently valued at -0.48, compared to the broader market0.0010.0020.0030.0040.0050.0060.00
VSPMX: -0.48
FSMDX: 0.40

The current VSPMX Sharpe Ratio is -0.15, which is lower than the FSMDX Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of VSPMX and FSMDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
-0.15
0.13
VSPMX
FSMDX

Dividends

VSPMX vs. FSMDX - Dividend Comparison

VSPMX's dividend yield for the trailing twelve months is around 1.16%, less than FSMDX's 1.21% yield.


TTM20242023202220212020201920182017201620152014
VSPMX
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares
1.16%1.32%1.27%1.60%1.15%1.24%1.49%1.64%1.27%1.54%1.52%1.32%
FSMDX
Fidelity Mid Cap Index Fund
1.21%1.17%1.39%1.59%1.10%1.37%1.42%1.85%1.32%1.35%2.29%3.82%

Drawdowns

VSPMX vs. FSMDX - Drawdown Comparison

The maximum VSPMX drawdown since its inception was -42.04%, roughly equal to the maximum FSMDX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for VSPMX and FSMDX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-13.20%
-10.95%
VSPMX
FSMDX

Volatility

VSPMX vs. FSMDX - Volatility Comparison

Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Fidelity Mid Cap Index Fund (FSMDX) have volatilities of 6.15% and 6.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%NovemberDecember2025FebruaryMarchApril
6.15%
6.06%
VSPMX
FSMDX