Fidelity Flex Small Cap Index Fund (FLXSX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Flex Small 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.

Fidelity Flex Small Cap Index Fund (FLXSX) has returned -3.13% so far this year and 19.83% over the past 12 months.

Based on dividend-adjusted daily data since Mar 9, 2017, FLXSX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, your investment would double in approximately 7.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +18.4%, while the worst month was Mar 2020 at -21.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FLXSX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -14.3%.

Fidelity Flex Small Cap Index Fund has an annualized alpha of -3.56%, beta of 1.12, and R² of 0.75 versus S&P 500 Index. Calculated based on daily prices since March 10, 2017.

• This fund participated in 116.22% of S&P 500 Index downside but only 102.10% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -3.56% versus S&P 500 Index — delivering less than market exposure alone would predict.
• With beta of 1.12 and R² of 0.75, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

FLXSX has an expense ratio of 0.00%, meaning no management fees are charged.

FLXSX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Fidelity Flex Small Cap Index Fund (FLXSX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Flex Small Cap Index Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for Fidelity Flex Small Cap Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Flex Small 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 Small Cap Index Fund was 41.72%, occurring on Mar 18, 2020. Recovery took 164 trading sessions.

The current Fidelity Flex Small Cap Index Fund drawdown is 12.25%.

The chart below shows the rolling one-month volatility.