- ISIN
- US3159117437
- CUSIP
- 315911743
- Issuer
- Fidelity
- Category
- Mid Cap Blend Equities
- Min. Investment
- $0
- Index Tracked
- Dow Jones U.S. Completion Total Stock Market Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FSMAX Performance Chart
Fidelity Extended Market Index Fund (FSMAX) is up 12.4% since the beginning of the year. FSMAX is currently trading at $113 per share. Investors who bought $1,000 worth of FSMAX shares 5 years ago would now be looking at an investment worth $1,337.
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Returns By Period
Fidelity Extended Market Index Fund (FSMAX) has returned 12.35% so far this year and 25.01% over the past 12 months. Over the last ten years, FSMAX has returned 11.97% per year, falling short of the S&P 500 Index benchmark, which averaged 13.24% annually.
Fidelity Extended Market Index Fund
- 1D
- 0.35%
- 1M
- 2.06%
- YTD
- 12.35%
- 6M
- 9.39%
- 1Y
- 25.01%
- 3Y*
- 18.78%
- 5Y*
- 5.98%
- 10Y*
- 11.97%
Benchmark (S&P 500 Index)
- 1D
- -1.62%
- 1M
- -1.97%
- YTD
- 6.16%
- 6M
- 5.52%
- 1Y
- 20.34%
- 3Y*
- 19.12%
- 5Y*
- 11.34%
- 10Y*
- 13.24%
FSMAX Monthly Returns History
Based on dividend-adjusted daily data since Sep 8, 2011, FSMAX's average daily return is +0.06%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +18.3%, while the worst month was Mar 2020 at -21.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FSMAX closed higher 54% of trading days. The best single day was Sep 21, 2017 with a return of +54.0%, while the worst single day was Sep 22, 2017 at -35.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.40% | 1.06% | -4.59% | 9.92% | 4.46% | -0.90% | 12.35% | ||||||
| 2025 | 4.98% | -5.79% | -7.92% | -0.76% | 7.22% | 5.40% | 2.55% | 4.07% | 2.04% | 1.17% | -0.48% | -0.53% | 11.40% |
| 2024 | -2.38% | 6.04% | 3.35% | -6.47% | 3.37% | -0.11% | 6.19% | 0.26% | 1.54% | 0.62% | 11.97% | -7.02% | 16.99% |
| 2023 | 10.84% | -1.63% | -2.90% | -2.17% | 0.44% | 8.31% | 5.91% | -4.07% | -4.89% | -6.25% | 11.21% | 10.43% | 25.36% |
| 2022 | -10.08% | -0.03% | 0.85% | -10.56% | -2.23% | -9.24% | 10.29% | -2.09% | -9.92% | 8.54% | 3.59% | -6.54% | -26.44% |
| 2021 | 2.83% | 5.20% | -0.39% | 4.24% | -0.66% | 3.45% | -1.23% | 2.01% | -4.01% | 5.45% | -5.04% | 0.56% | 12.41% |
Benchmark Metrics
Fidelity Extended Market Index Fund has an annualized alpha of -0.45%, beta of 1.12, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since September 08, 2011.
- This fund participated in 114.29% of S&P 500 Index downside but only 107.88% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.12 and R2 of 0.50, 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
- -0.45%
- Beta
- 1.12
- R²
- 0.50
- Upside Capture
- 107.88%
- Downside Capture
- 114.29%
Expense Ratio
FSMAX has an expense ratio of 0.04%, which is considered low.
Return for Risk
Risk / Return Rank
FSMAX ranks 40 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 Extended Market Index Fund (FSMAX) 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.
| FSMAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.25 | +0.23 |
| Martin ratioReturn relative to average drawdown | 8.71 | 10.14 | -1.42 |
Dividends
Dividend History
Fidelity Extended Market Index Fund provided a 0.51% dividend yield over the last twelve months, with an annual payout of $0.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.58 | $0.44 | $0.92 | $1.20 | $6.53 | $1.79 | $2.80 | $3.23 | $3.37 | $2.69 | $3.18 |
Dividend yield | 0.51% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Extended Market 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 | $0.58 | $0.58 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.92 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $1.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $5.36 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $6.53 |
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 Extended Market 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 Extended Market Index Fund was 50.55%, occurring on Mar 18, 2020. Recovery took 177 trading sessions.
The current Fidelity Extended Market Index Fund drawdown is 2.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -50.55%Mar 2020 | 2y 5mo | 8mo 14d | 3y 2moSep 2017 - Nov 2020 |
Bear market2022 | -36.31%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
2025 selloff2025 | -26.82%Apr 2025 | 4mo 4d | 4mo 21d | 8mo 25dDec 2024 - Aug 2025 |
2016 bear market2016 | -25.01%Feb 2016 | 7mo 22d | 9mo 8d | 1y 4moJun 2015 - Nov 2016 |
2011 correction2011 | -14.45%Oct 2011 | 14d | 21d | 1mo 5dSep 2011 - Oct 2011 |
Drawdown Indicators
| FSMAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.55% | -56.78% | +6.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -9.10% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -26.82% | -18.90% | -7.92% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -25.43% | -10.88% |
Max Drawdown (10Y)Largest decline over 10 years | -50.55% | -33.92% | -16.63% |
Current DrawdownCurrent decline from peak | -2.33% | -4.50% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -12.15% | -10.72% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.01% | +0.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with FSMAX
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