Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity SAI Small-Mid Cap 500 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 SAI Small-Mid Cap 500 Index Fund (FZFLX) has returned 2.68% so far this year and 21.13% over the past 12 months. Over the last ten years, FZFLX has returned 11.53% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Aug 20, 2015, FZFLX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, your investment would double in approximately 5.9 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +14.9%, 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%.

Fidelity SAI Small-Mid Cap 500 Index Fund has an annualized alpha of -0.62%, beta of 1.04, and R² of 0.83 versus S&P 500 Index. Calculated based on daily prices since August 21, 2015.

• This fund participated in 108.57% of S&P 500 Index downside but only 105.35% of its upside — more exposed to losses than it benefited from rallies.
• With beta of 1.04 and R² of 0.83, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

FZFLX has an expense ratio of 0.05%, which is considered low.

FZFLX ranks 47 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.

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

Fidelity SAI Small-Mid Cap 500 Index Fund provided a 56.26% 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.

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.

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 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 10.68%.

The chart below shows the rolling one-month volatility.