- ISIN
- US3161461823
- CUSIP
- 316146182
- Issuer
- Fidelity
- Inception Date
- Sep 8, 2011
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Min. Investment
- $0
- Index Tracked
- Russell 2000 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FSSNX Performance Chart
Fidelity Small Cap Index Fund (FSSNX) is up 18.3% since the beginning of the year. FSSNX is currently trading at $37 per share. Investors who bought $1,000 worth of FSSNX shares 5 years ago would now be looking at an investment worth $1,346.
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Returns By Period
Fidelity Small Cap Index Fund (FSSNX) has returned 18.33% so far this year and 40.92% over the past 12 months. Over the last ten years, FSSNX has returned 11.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
Fidelity Small Cap Index Fund
- 1D
- 3.04%
- 1M
- 4.69%
- YTD
- 18.33%
- 6M
- 15.24%
- 1Y
- 40.92%
- 3Y*
- 17.71%
- 5Y*
- 6.13%
- 10Y*
- 11.30%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
FSSNX Monthly Returns History
Based on dividend-adjusted daily data since Sep 9, 2011, FSSNX'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, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +18.4%, while the worst month was Mar 2020 at -21.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FSSNX 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 -14.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.37% | 0.80% | -4.99% | 12.24% | 4.37% | 0.11% | 18.33% | ||||||
| 2025 | 2.64% | -5.35% | -6.81% | -2.27% | 5.35% | 5.43% | 1.76% | 7.12% | 3.14% | 1.83% | 0.96% | -0.57% | 12.94% |
| 2024 | -3.87% | 5.65% | 3.58% | -7.02% | 5.02% | -0.92% | 10.18% | -1.50% | 0.69% | -1.40% | 10.98% | -8.20% | 11.71% |
| 2023 | 9.82% | -1.68% | -4.78% | -1.79% | -0.87% | 8.09% | 6.16% | -4.99% | -5.89% | -6.80% | 9.04% | 12.22% | 17.11% |
| 2022 | -9.58% | 1.08% | 1.23% | -9.88% | 0.17% | -8.25% | 10.51% | -2.01% | -9.58% | 10.98% | 2.35% | -6.47% | -20.28% |
| 2021 | 5.04% | 6.21% | 1.04% | 2.10% | 0.21% | 1.91% | -3.62% | 2.23% | -2.98% | 4.25% | -4.18% | 2.20% | 14.70% |
Benchmark Metrics
Fidelity Small Cap Index Fund has an annualized alpha of -2.09%, beta of 1.14, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since September 09, 2011.
- This fund participated in 116.26% of S&P 500 Index downside but only 107.89% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.09% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.14 and R2 of 0.76, 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
- -2.09%
- Beta
- 1.14
- R²
- 0.76
- Upside Capture
- 107.89%
- Downside Capture
- 116.26%
Expense Ratio
FSSNX has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
FSSNX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Small Cap Index Fund (FSSNX) 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.
| FSSNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.53 | +0.93 |
| Martin ratioReturn relative to average drawdown | 12.23 | 11.37 | +0.86 |
Dividends
Dividend History
Fidelity Small Cap Index Fund provided a 0.92% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.29 | $0.36 | $0.27 | $1.08 | $0.23 | $0.62 | $0.85 | $0.69 | $0.42 | $0.41 |
Dividend yield | 0.92% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Small 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 | $0.34 | $0.34 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.29 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $1.08 |
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 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 Small Cap Index Fund was 41.72%, occurring on Mar 18, 2020. Recovery took 164 trading sessions.
The current Fidelity Small Cap Index Fund drawdown is 0.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.72%Mar 2020 | 2mo 1d | 7mo 26d | 9mo 27dJan 2020 - Nov 2020 |
Bear market2022 | -31.87%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
2025 selloff2025 | -27.45%Apr 2025 | 4mo 13d | 5mo 6d | 9mo 19dNov 2024 - Sep 2025 |
Rate-hike selloffLate 2018 | -26.91%Dec 2018 | 3mo 21d | 1y 23d | 1y 4moSep 2018 - Jan 2020 |
2016 bear market2016 | -26.32%Feb 2016 | 7mo 22d | 9mo 4d | 1y 4moJun 2015 - Nov 2016 |
Drawdown Indicators
| FSSNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -56.78% | +15.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -9.10% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -27.45% | -18.90% | -8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -25.43% | -6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -41.72% | -33.92% | -7.80% |
Current DrawdownCurrent decline from peak | -0.46% | -2.34% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -10.72% | +2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.02% | +1.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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