- ISIN
- US3161462656
- CUSIP
- 316146265
- Issuer
- Fidelity
- Inception Date
- Sep 8, 2011
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Min. Investment
- $0
- Index Tracked
- Russell Midcap Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FSMDX Performance Chart
Fidelity Mid Cap Index Fund (FSMDX) is up 12.3% since the beginning of the year. FSMDX is currently trading at $41 per share. Investors who bought $1,000 worth of FSMDX shares 5 years ago would now be looking at an investment worth $1,469.
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Returns By Period
Fidelity Mid Cap Index Fund (FSMDX) has returned 12.29% so far this year and 20.88% over the past 12 months. Over the last ten years, FSMDX has returned 11.76% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
Fidelity Mid Cap Index Fund
- 1D
- 2.24%
- 1M
- 2.90%
- YTD
- 12.29%
- 6M
- 11.02%
- 1Y
- 20.88%
- 3Y*
- 16.72%
- 5Y*
- 8.00%
- 10Y*
- 11.76%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
FSMDX Monthly Returns History
Based on dividend-adjusted daily data since Sep 9, 2011, FSMDX's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 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 -19.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FSMDX 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 | 3.06% | 3.84% | -5.34% | 7.35% | 2.84% | 0.41% | 12.29% | ||||||
| 2025 | 4.23% | -2.84% | -4.65% | -1.01% | 5.70% | 3.74% | 1.84% | 2.50% | 0.90% | -0.83% | 1.30% | -0.29% | 10.58% |
| 2024 | -1.40% | 5.59% | 4.33% | -5.41% | 2.86% | -0.66% | 4.71% | 2.04% | 2.20% | -0.52% | 8.82% | -6.88% | 15.55% |
| 2023 | 8.29% | -2.42% | -1.53% | -0.52% | -2.80% | 8.32% | 3.98% | -3.45% | -5.02% | -5.03% | 10.24% | 7.72% | 17.20% |
| 2022 | -7.38% | -0.71% | 2.55% | -7.69% | 0.07% | -9.97% | 9.88% | -3.14% | -9.25% | 8.90% | 6.00% | -5.40% | -17.27% |
| 2021 | -0.26% | 5.57% | 2.71% | 5.10% | 0.81% | 1.43% | 0.77% | 2.54% | -4.12% | 5.94% | -3.47% | 4.08% | 22.56% |
Benchmark Metrics
Fidelity Mid Cap Index Fund has an annualized alpha of -0.56%, beta of 1.02, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since September 09, 2011.
- With beta of 1.02 and R2 of 0.90, 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
- -0.56%
- Beta
- 1.02
- R²
- 0.90
- Upside Capture
- 99.92%
- Downside Capture
- 103.09%
Expense Ratio
FSMDX has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
FSMDX ranks 45 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 Mid Cap Index Fund (FSMDX) 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.
| FSMDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.53 | +0.05 |
| Martin ratioReturn relative to average drawdown | 9.88 | 11.37 | -1.49 |
Dividends
Dividend History
Fidelity Mid Cap Index Fund provided a 0.98% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.83 | $0.42 | $0.54 | $1.07 | $0.63 | $0.68 | $0.41 | $0.45 | $0.41 | $0.46 |
Dividend yield | 0.98% | 1.10% | 2.46% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.21% | 2.17% | 2.23% | 2.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity 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 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.83 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $1.07 |
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 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 Mid Cap Index Fund was 40.35%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current Fidelity Mid Cap Index Fund drawdown is 0.67%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.35%Mar 2020 | 1mo 1d | 6mo 23d | 7mo 24dFeb 2020 - Oct 2020 |
Bear market2022 | -26.07%Oct 2022 | 11mo 1d | 1y 4mo | 2y 3moNov 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -21.18%Dec 2018 | 3mo 26d | 3mo 15d | 7mo 11dAug 2018 - Apr 2019 |
2025 selloff2025 | -20.92%Apr 2025 | 4mo 13d | 3mo 15d | 7mo 28dNov 2024 - Jul 2025 |
2016 bear market2016 | -20.46%Feb 2016 | 9mo 23d | 5mo 16d | 1y 3moApr 2015 - Jul 2016 |
Drawdown Indicators
| FSMDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.35% | -56.78% | +16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.10% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -20.92% | -18.90% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -25.43% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -40.35% | -33.92% | -6.43% |
Current DrawdownCurrent decline from peak | -0.67% | -2.34% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -10.72% | +5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.02% | +0.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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