- ISIN
- US3159116363
- Issuer
- Fidelity
- Category
- Mid Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FZIPX Performance Chart
Fidelity ZERO Extended Market Index Fund (FZIPX) is up 15.5% since the beginning of the year. FZIPX is currently trading at $17 per share. Investors who bought $1,000 worth of FZIPX shares 5 years ago would now be looking at an investment worth $1,431.
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Returns By Period
Fidelity ZERO Extended Market Index Fund (FZIPX) has returned 15.53% so far this year and 34.94% over the past 12 months.
Fidelity ZERO Extended Market Index Fund
- 1D
- -0.06%
- 1M
- 2.76%
- YTD
- 15.53%
- 6M
- 16.69%
- 1Y
- 34.94%
- 3Y*
- 18.21%
- 5Y*
- 7.43%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
FZIPX Monthly Returns History
Based on dividend-adjusted daily data since Sep 28, 2018, FZIPX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +16.6%, while the worst month was Mar 2020 at -23.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FZIPX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -13.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.69% | 2.59% | -5.35% | 10.34% | 3.06% | -0.06% | 15.53% | ||||||
| 2025 | 3.89% | -4.53% | -6.22% | -1.97% | 5.72% | 4.57% | 1.97% | 5.22% | 1.83% | 0.60% | 1.59% | -0.05% | 12.51% |
| 2024 | -2.86% | 5.80% | 4.29% | -7.01% | 4.01% | -1.34% | 7.34% | -0.07% | 1.49% | -0.81% | 10.05% | -7.54% | 12.39% |
| 2023 | 10.08% | -2.25% | -3.80% | -1.19% | -1.95% | 8.82% | 5.23% | -4.14% | -5.53% | -6.12% | 9.06% | 10.95% | 18.13% |
| 2022 | -7.36% | 0.83% | 1.31% | -8.43% | -0.18% | -9.31% | 10.17% | -2.75% | -9.67% | 10.10% | 4.22% | -5.88% | -18.01% |
| 2021 | 3.47% | 6.80% | 2.75% | 3.90% | 0.74% | 0.58% | -1.53% | 2.14% | -2.96% | 4.84% | -4.26% | 3.60% | 21.31% |
Benchmark Metrics
Fidelity ZERO Extended Market Index Fund has an annualized alpha of -3.15%, beta of 1.08, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since October 01, 2018.
- This fund participated in 115.04% of S&P 500 Index downside but only 103.99% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.15% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.08 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
- -3.15%
- Beta
- 1.08
- R²
- 0.81
- Upside Capture
- 103.99%
- Downside Capture
- 115.04%
Expense Ratio
FZIPX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FZIPX ranks 58 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 ZERO Extended Market Index Fund (FZIPX) and compare them to S&P 500 Index.
| FZIPX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 2.39 | -0.34 |
Sortino ratioReturn per unit of downside risk | 2.88 | 3.25 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.64 | 3.11 | +0.53 |
Martin ratioReturn relative to average drawdown | 13.88 | 14.38 | -0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity ZERO Extended Market Index Fund provided a 1.08% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.17 | $0.18 | $0.17 | $0.91 | $0.25 | $0.18 | $0.04 |
Dividend yield | 1.08% | 1.24% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity ZERO 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 | $0.19 | $0.19 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.91 |
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 ZERO 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 ZERO Extended Market Index Fund was 42.71%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Fidelity ZERO Extended Market Index Fund drawdown is 0.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -42.71%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
Bear market2022 | -28.19%Jun 2022 | 7mo 9d | 2y 1mo | 2y 8moNov 2021 - Jul 2024 |
2025 selloff2025 | -25.16%Apr 2025 | 4mo 13d | 4mo 22d | 9mo 5dNov 2024 - Aug 2025 |
Rate-hike selloffLate 2018 | -22.36%Dec 2018 | 2mo 24d | 10mo 16d | 1y 1moOct 2018 - Nov 2019 |
2026 pullback2026 | -9.61%Mar 2026 | 1mo 1d | 14d | 1mo 15dFeb 2026 - Apr 2026 |
Drawdown Indicators
| FZIPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -56.78% | +14.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -9.10% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -25.16% | -18.90% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -25.43% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.29% | 0.00% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -10.72% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.97% | +0.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with FZIPX
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