- ISIN
- US31635V8697
- CUSIP
- 31635V869
- Issuer
- Fidelity
- Inception Date
- Aug 12, 2015
- Category
- Mid Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FZFLX Performance Chart
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) is up 26.3% since the beginning of the year. FZFLX is currently trading at $6 per share. Investors who bought $1,000 worth of FZFLX shares 5 years ago would now be looking at an investment worth $1,663.
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Returns By Period
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has returned 26.34% so far this year and 36.30% over the past 12 months. Over the last ten years, FZFLX has had an annualized return of 13.18%, just under the S&P 500 Index benchmark’s 13.29%.
Fidelity SAI Small-Mid Cap 500 Index Fund
- 1D
- 0.18%
- 1M
- -3.25%
- 6M
- 16.70%
- YTD
- 26.34%
- 1Y
- 36.30%
- 3Y*
- 18.81%
- 5Y*
- 10.71%
- 10Y*
- 13.18%
- ALL TIME*
- 12.41%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
FZFLX Monthly Returns History
Based on dividend-adjusted daily data since Aug 20, 2015, FZFLX's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2026 with a return of +15.7%, 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, FZFLX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -13.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.70% | 6.28% | -4.92% | 15.73% | 5.72% | 4.40% | -8.27% | 26.34% | |||||
| 2025 | 4.23% | -4.21% | -5.97% | -1.84% | 6.46% | 3.99% | 2.15% | 3.91% | 0.15% | -0.23% | 2.03% | 0.31% | 10.76% |
| 2024 | -1.63% | 5.32% | 4.57% | -6.49% | 3.55% | -2.02% | 5.56% | 0.60% | 2.23% | -0.62% | 8.98% | -4.41% | 15.52% |
| 2023 | 10.13% | -2.90% | -2.81% | -1.08% | -2.37% | 8.97% | 4.12% | -3.13% | -5.43% | -5.48% | 8.90% | 9.65% | 17.75% |
| 2022 | -7.38% | 1.25% | 1.80% | -7.46% | 0.50% | -10.52% | 10.19% | -3.05% | -8.38% | 8.50% | 5.78% | -5.46% | -15.62% |
| 2021 | 0.42% | 6.75% | 2.17% | 5.54% | 0.24% | 0.55% | -0.24% | 2.31% | -3.76% | 5.44% | -4.20% | 4.14% | 20.40% |
Benchmark Metrics
Fidelity SAI Small-Mid Cap 500 Index Fund has an annualized alpha of -0.12%, beta of 1.05, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since August 20, 2015.
- This fund participated in 108.19% of S&P 500 Index downside but only 107.32% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.05 and R2 of 0.81, 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
- -0.12%
- Beta
- 1.05
- R²
- 0.81
- Upside Capture
- 107.32%
- Downside Capture
- 108.19%
Expense Ratio
FZFLX has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
FZFLX ranks 64 for risk / return — above 64% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) 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.
| FZFLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 2.41 | +0.55 |
| Martin ratioReturn relative to average drawdown | 10.71 | 10.22 | +0.48 |
Dividends
Dividend History
Fidelity SAI Small-Mid Cap 500 Index Fund provided a 45.72% dividend yield over the last twelve months, with an annual payout of $2.59 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.59 | $2.59 | $0.65 | $0.14 | $4.25 | $5.71 | $1.02 | $0.84 | $0.80 | $0.21 | $0.10 | $0.06 |
Dividend yield | 45.72% | 57.77% | 10.20% | 2.35% | 79.79% | 50.77% | 7.19% | 6.49% | 7.69% | 1.68% | 0.93% | 0.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Small-Mid Cap 500 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 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.53 | $0.00 | $0.00 | $0.05 | $2.59 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.34 | $0.65 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.05 | $0.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.22 | $0.00 | $0.00 | $0.03 | $4.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.54 | $0.00 | $0.00 | $0.17 | $5.71 |
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 SAI Small-Mid Cap 500 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 SAI Small-Mid Cap 500 Index Fund was 42.03%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.
The current Fidelity SAI Small-Mid Cap 500 Index Fund drawdown is 8.27%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-42.03%Mar 2020 | 1mo 1d | 7mo 17d | 8mo 18dFeb 2020 - Nov 2020 | COVID crash2020 |
-24.77%Jun 2022 | 7mo 1d | 1y 8mo | 2y 3moNov 2021 - Mar 2024 | Bear market2022 |
-23.06%Dec 2018 | 3mo 26d | 3mo 12d | 7mo 8dAug 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-22.29%Apr 2025 | 2mo 14d | 3mo 15d | 5mo 29dJan 2025 - Jul 2025 | 2025 selloff2025 |
-16.96%Feb 2016 | 2mo 11d | 2mo 8d | 4mo 19dDec 2015 - Apr 2016 | — |
Drawdown Indicators
| FZFLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.03% | -56.78% | +14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -9.10% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -22.29% | -18.90% | -3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | -25.43% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -42.03% | -33.92% | -8.11% |
Current DrawdownCurrent decline from peak | -8.27% | -0.12% | -8.15% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -10.70% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.14% | +1.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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