- ISIN
- US31635T7735
- CUSIP
- 31635T773
- Issuer
- Fidelity
- Inception Date
- Jul 11, 2019
- Region
- North America (U.S.)
- Category
- Small Cap Value Equities
- Leveraged
- 1x (No leverage)
- Min. Investment
- $0
- Index Tracked
- Russell 2000 Value Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FISVX Performance Chart
Fidelity Small Cap Value Index Fund (FISVX) is up 20.6% since the beginning of the year. FISVX is currently trading at $34 per share. Investors who bought $1,000 worth of FISVX shares 5 years ago would now be looking at an investment worth $1,495.
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Returns By Period
Fidelity Small Cap Value Index Fund (FISVX) has returned 20.57% so far this year and 44.34% over the past 12 months.
Fidelity Small Cap Value Index Fund
- 1D
- 1.61%
- 1M
- 3.16%
- YTD
- 20.57%
- 6M
- 17.69%
- 1Y
- 44.34%
- 3Y*
- 18.15%
- 5Y*
- 8.38%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FISVX Monthly Returns History
Based on dividend-adjusted daily data since Jul 17, 2019, FISVX's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +19.3%, while the worst month was Mar 2020 at -24.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FISVX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +9.0%, while the worst single day was Mar 16, 2020 at -13.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.84% | 1.92% | -3.65% | 9.67% | 2.77% | 1.95% | 20.57% | ||||||
| 2025 | 2.07% | -3.87% | -5.97% | -3.98% | 4.19% | 4.99% | 1.77% | 8.45% | 2.03% | 0.25% | 2.82% | 0.18% | 12.70% |
| 2024 | -4.53% | 3.26% | 4.34% | -6.34% | 4.66% | -1.69% | 12.19% | -1.88% | 0.04% | -1.53% | 9.68% | -8.26% | 8.16% |
| 2023 | 9.61% | -2.30% | -7.19% | -2.49% | -1.97% | 8.00% | 7.55% | -4.83% | -5.20% | -5.96% | 9.00% | 12.40% | 14.72% |
| 2022 | -5.82% | 1.68% | 1.93% | -7.74% | 1.93% | -9.87% | 9.69% | -3.15% | -10.18% | 12.58% | 3.06% | -6.57% | -14.42% |
| 2021 | 5.26% | 9.39% | 5.19% | 2.04% | 3.09% | -0.60% | -3.58% | 2.74% | -2.02% | 3.81% | -3.40% | 4.05% | 28.26% |
Benchmark Metrics
Fidelity Small Cap Value Index Fund has an annualized alpha of -2.11%, beta of 1.09, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since July 17, 2019.
- This fund participated in 114.14% of S&P 500 Index downside but only 103.67% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.11% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.09 and R2 of 0.67, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.11%
- Beta
- 1.09
- R²
- 0.67
- Upside Capture
- 103.67%
- Downside Capture
- 114.14%
Expense Ratio
FISVX has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
FISVX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Small Cap Value Index Fund (FISVX) and compare them to S&P 500 Index.
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.
| FISVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.19 | 2.78 | +2.41 |
| Martin ratioReturn relative to average drawdown | 17.61 | 12.44 | +5.17 |
Dividends
Dividend History
Fidelity Small Cap Value Index Fund provided a 1.81% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.62 | $0.43 | $0.50 | $0.79 | $2.48 | $0.30 | $0.13 |
Dividend yield | 1.81% | 2.18% | 1.70% | 2.06% | 3.69% | 9.55% | 1.33% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Small Cap Value Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.00 | $0.32 | $0.62 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.27 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.28 | $0.50 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.27 | $0.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.12 | $0.00 | $0.00 | $0.00 | $0.36 | $2.48 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Small Cap Value Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Small Cap Value Index Fund was 44.66%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current Fidelity Small Cap Value Index Fund drawdown is 0.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -44.66%Mar 2020 | 2mo 6d | 8mo 6d | 10mo 12dJan 2020 - Nov 2020 |
2025 selloff2025 | -26.50%Apr 2025 | 4mo 13d | 5mo 13d | 9mo 26dNov 2024 - Sep 2025 |
2023 bear market2023 | -25.49%Oct 2023 | 1y 11mo | 8mo 23d | 2y 8moNov 2021 - Jul 2024 |
2021 correction2021 | -11.97%Jul 2021 | 1mo 10d | 3mo 17d | 4mo 27dJun 2021 - Nov 2021 |
2024 pullback2024 | -9.77%Aug 2024 | 9d | 2mo 10d | 2mo 19dJul 2024 - Oct 2024 |
Drawdown Indicators
| FISVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.66% | -56.78% | +12.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -9.10% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -26.50% | -18.90% | -7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | -25.43% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.15% | -1.80% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -10.71% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.03% | +0.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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