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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Flex Mid Cap Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Fidelity Flex Mid Cap Index Fund (FLAPX) has returned -0.79% so far this year and 17.43% over the past 12 months.
Fidelity Flex Mid Cap Index Fund
- 1D
- -1.02%
- 1M
- -8.39%
- YTD
- -0.79%
- 6M
- 1.43%
- 1Y
- 17.43%
- 3Y*
- 13.78%
- 5Y*
- 7.53%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Mar 9, 2017, FLAPX's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, your investment would double in approximately 6.0 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% | -8.39% | -0.79% | |||||||||
| 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 -0.81%, beta of 1.01, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since March 10, 2017.
- 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
- -0.81%
- Beta
- 1.01
- R²
- 0.89
- Upside Capture
- 100.41%
- Downside Capture
- 104.55%
Expense Ratio
FLAPX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FLAPX ranks 44 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 a chosen benchmark (S&P 500 Index).
| FLAPX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.90 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.39 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.40 | -0.26 |
Martin ratioReturn relative to average drawdown | 5.07 | 6.61 | -1.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FLAPX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
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 | |||||||||
| 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 9.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.31% | Feb 21, 2020 | 22 | Mar 23, 2020 | 141 | Oct 12, 2020 | 163 |
| -26.09% | Nov 17, 2021 | 229 | Oct 14, 2022 | 349 | Mar 7, 2024 | 578 |
| -21.27% | Aug 30, 2018 | 80 | Dec 24, 2018 | 70 | Apr 5, 2019 | 150 |
| -21.02% | Nov 26, 2024 | 90 | Apr 8, 2025 | 71 | Jul 22, 2025 | 161 |
| -9.67% | Jan 29, 2018 | 9 | Feb 8, 2018 | 116 | Jul 26, 2018 | 125 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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