- ISIN
- US45407J3005
- CUSIP
- 31635V539
- Issuer
- Fidelity
- Inception Date
- Mar 9, 2017
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
INDEX Performance Chart
Index Funds S&P 500 Equal Weight (INDEX) is up 11.2% since the beginning of the year. INDEX is currently trading at $72 per share. Investors who bought $1,000 worth of INDEX shares 5 years ago would now be looking at an investment worth $1,718.
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Returns By Period
Index Funds S&P 500 Equal Weight (INDEX) has returned 11.19% so far this year and 29.10% over the past 12 months.
Index Funds S&P 500 Equal Weight
- 1D
- 0.42%
- 1M
- 3.08%
- YTD
- 11.19%
- 6M
- 10.90%
- 1Y
- 29.10%
- 3Y*
- 21.02%
- 5Y*
- 11.43%
- 10Y*
- 13.02%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDEX Monthly Returns History
Based on dividend-adjusted daily data since May 11, 2015, INDEX's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +14.4%, while the worst month was Mar 2020 at -17.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, INDEX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.38% | -0.80% | -4.97% | 10.45% | 5.24% | 0.08% | 11.19% | ||||||
| 2025 | 2.75% | -1.32% | -5.63% | -0.72% | 6.25% | 5.04% | 2.22% | 2.07% | 3.58% | 2.37% | 0.36% | 0.04% | 17.77% |
| 2024 | 1.66% | 5.32% | 3.19% | -4.11% | 4.92% | 3.59% | 1.27% | 2.38% | 2.08% | -0.95% | 5.82% | -2.34% | 24.73% |
| 2023 | 7.48% | -3.25% | -0.86% | 0.30% | -3.90% | 7.79% | 3.08% | -2.97% | -5.09% | -4.08% | 8.46% | 4.53% | 10.58% |
| 2022 | -4.39% | -0.84% | 2.57% | -6.49% | 0.95% | -9.43% | 8.71% | -3.49% | -9.22% | 9.74% | 6.57% | -4.79% | -11.84% |
| 2021 | -0.89% | 5.98% | 5.92% | 4.70% | 1.84% | 0.15% | 1.28% | 2.37% | -3.82% | 5.34% | -2.53% | 6.13% | 29.10% |
Benchmark Metrics
Index Funds S&P 500 Equal Weight has an annualized alpha of 1.22%, beta of 0.99, and R2 of 1.00 versus S&P 500 Index. Calculated based on daily prices since May 12, 2015.
- This fund captured 103.22% of S&P 500 Index gains but only 95.85% of its losses - a favorable profile for investors.
- With beta of 0.99 and R2 of 1.00, 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
- 1.22%
- Beta
- 0.99
- R²
- 1.00
- Upside Capture
- 103.22%
- Downside Capture
- 95.85%
Expense Ratio
INDEX has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
INDEX ranks 72 for risk / return — better than 72% 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 Index Funds S&P 500 Equal Weight (INDEX) and compare them to S&P 500 Index.
| INDEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | — | — |
| Martin ratioReturn relative to average drawdown | 15.00 | — | — |
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
Index Funds S&P 500 Equal Weight provided a 0.94% dividend yield over the last twelve months, with an annual payout of $0.67 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.67 | $1.09 | $0.71 | $1.35 | $0.88 | $0.58 | $0.55 | $0.84 | $0.35 |
Dividend yield | 0.94% | 1.04% | 1.97% | 1.56% | 3.25% | 1.81% | 1.53% | 1.61% | 3.09% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Index Funds S&P 500 Equal Weight. 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 | $0.67 | $0.67 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.71 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.35 | $1.35 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.88 |
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 Index Funds S&P 500 Equal Weight. 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 Index Funds S&P 500 Equal Weight was 38.82%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Index Funds S&P 500 Equal Weight drawdown is 0.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.82%Mar 2020 | 1mo 9d | 7mo 21d | 9moFeb 2020 - Nov 2020 |
Bear market2022 | -21.52%Sep 2022 | 8mo 28d | 1y 4mo | 2y 28dJan 2022 - Feb 2024 |
Rate-hike selloffLate 2018 | -19.85%Dec 2018 | 3mo 1d | 3mo 12d | 6mo 13dSep 2018 - Apr 2019 |
2016 correction2016 | -18.87%Feb 2016 | 8mo 25d | 5mo 10d | 1y 2moMay 2015 - Jul 2016 |
2025 selloff2025 | -18.75%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
Drawdown Indicators
| INDEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.82% | -9.10% | -29.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -2.97% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -1.13% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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