- ISIN
- US31635V4977
- CUSIP
- 31635V497
- Issuer
- Fidelity
- Inception Date
- Mar 9, 2017
- Category
- Mid Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FLAPX Performance Chart
Fidelity Flex Mid Cap Index Fund (FLAPX) is up 14.8% since the beginning of the year. FLAPX is currently trading at $25 per share. Investors who bought $1,000 worth of FLAPX shares 5 years ago would now be looking at an investment worth $1,566.
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Returns By Period
Fidelity Flex Mid Cap Index Fund (FLAPX) has returned 14.77% so far this year and 29.70% over the past 12 months.
Fidelity Flex Mid Cap Index Fund
- 1D
- -0.16%
- 1M
- 2.67%
- YTD
- 14.77%
- 6M
- 15.69%
- 1Y
- 29.70%
- 3Y*
- 19.53%
- 5Y*
- 9.38%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
FLAPX Monthly Returns History
Based on dividend-adjusted daily data since Mar 9, 2017, FLAPX's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +14.3%, while the worst month was Mar 2020 at -19.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FLAPX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.15% | 3.98% | -5.34% | 8.91% | 2.96% | -0.16% | 14.77% | ||||||
| 2025 | 4.26% | -2.81% | -4.68% | -0.99% | 5.68% | 3.74% | 1.68% | 3.80% | 1.06% | -0.24% | 2.48% | 0.00% | 14.33% |
| 2024 | -1.40% | 5.55% | 4.38% | -5.43% | 2.84% | -0.67% | 4.70% | 2.05% | 2.23% | -0.53% | 8.82% | -7.07% | 15.30% |
| 2023 | 8.31% | -2.39% | -1.52% | -0.54% | -2.83% | 8.38% | 3.98% | -3.46% | -5.06% | -4.99% | 10.22% | 7.75% | 17.28% |
| 2022 | -7.37% | -0.67% | 2.53% | -7.70% | 0.07% | -9.92% | 9.88% | -3.17% | -9.22% | 8.88% | 6.01% | -5.46% | -17.28% |
| 2021 | -0.27% | 5.62% | 2.69% | 5.06% | 0.83% | 1.49% | 0.76% | 2.49% | -4.07% | 5.95% | -3.50% | 4.07% | 22.59% |
Benchmark Metrics
Fidelity Flex Mid Cap Index Fund has an annualized alpha of -1.19%, beta of 1.01, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since March 10, 2017.
- This fund participated in 104.46% of S&P 500 Index downside but only 98.60% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.01 and R2 of 0.89, 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
- -1.19%
- Beta
- 1.01
- R²
- 0.89
- Upside Capture
- 98.60%
- Downside Capture
- 104.46%
Expense Ratio
FLAPX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FLAPX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Flex Mid Cap Index Fund (FLAPX) and compare them to S&P 500 Index.
| FLAPX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 2.39 | -0.45 |
Sortino ratioReturn per unit of downside risk | 2.78 | 3.25 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.27 | 3.11 | +0.16 |
Martin ratioReturn relative to average drawdown | 12.95 | 14.38 | -1.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Flex Mid Cap Index Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.20 | $0.33 | $0.26 | $0.50 | $0.32 | $0.28 | $0.23 | $0.05 |
Dividend yield | 0.00% | 0.00% | 1.08% | 1.99% | 1.82% | 2.83% | 2.16% | 2.18% | 2.24% | 0.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Flex Mid Cap 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.20 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.50 |
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 Flex Mid Cap 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 Flex Mid Cap Index Fund was 40.31%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current Fidelity Flex Mid Cap Index Fund drawdown is 0.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.31%Mar 2020 | 1mo 1d | 6mo 23d | 7mo 24dFeb 2020 - Oct 2020 |
Bear market2022 | -26.09%Oct 2022 | 11mo 1d | 1y 4mo | 2y 3moNov 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -21.27%Dec 2018 | 3mo 26d | 3mo 12d | 7mo 8dAug 2018 - Apr 2019 |
2025 selloff2025 | -21.02%Apr 2025 | 4mo 13d | 3mo 15d | 7mo 28dNov 2024 - Jul 2025 |
2018 pullback2018 | -9.67%Feb 2018 | 10d | 5mo 18d | 5mo 28dJan 2018 - Jul 2018 |
Drawdown Indicators
| FLAPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.31% | -56.78% | +16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -9.10% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -21.02% | -18.90% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -25.43% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.16% | 0.00% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -10.72% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.97% | +0.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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