Correlation
The correlation between DISSX and FSSNX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
DISSX vs. FSSNX
Compare and contrast key facts about BNY Mellon Smallcap Stock Index Fund (DISSX) and Fidelity Small Cap Index Fund (FSSNX).
DISSX is managed by BNY Mellon. It was launched on Jun 30, 1997. FSSNX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DISSX or FSSNX.
Performance
DISSX vs. FSSNX - Performance Comparison
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Key characteristics
DISSX:
-0.05
FSSNX:
0.08
DISSX:
0.11
FSSNX:
0.27
DISSX:
1.01
FSSNX:
1.03
DISSX:
-0.04
FSSNX:
0.06
DISSX:
-0.12
FSSNX:
0.15
DISSX:
10.27%
FSSNX:
9.83%
DISSX:
24.40%
FSSNX:
24.64%
DISSX:
-58.30%
FSSNX:
-41.72%
DISSX:
-16.38%
FSSNX:
-14.70%
Returns By Period
In the year-to-date period, DISSX achieves a -8.40% return, which is significantly lower than FSSNX's -6.79% return. Both investments have delivered pretty close results over the past 10 years, with DISSX having a 7.08% annualized return and FSSNX not far behind at 6.73%.
DISSX
-8.40%
4.53%
-15.74%
-2.25%
2.25%
10.88%
7.08%
FSSNX
-6.79%
4.75%
-14.45%
1.36%
5.18%
9.74%
6.73%
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DISSX vs. FSSNX - Expense Ratio Comparison
DISSX has a 0.50% expense ratio, which is higher than FSSNX's 0.03% expense ratio.
Risk-Adjusted Performance
DISSX vs. FSSNX — Risk-Adjusted Performance Rank
DISSX
FSSNX
DISSX vs. FSSNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Smallcap Stock Index Fund (DISSX) and Fidelity Small Cap Index Fund (FSSNX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
DISSX vs. FSSNX - Dividend Comparison
DISSX's dividend yield for the trailing twelve months is around 17.54%, more than FSSNX's 1.10% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
DISSX BNY Mellon Smallcap Stock Index Fund | 17.54% | 16.07% | 9.64% | 13.87% | 10.72% | 7.62% | 8.36% | 13.18% | 7.40% | 6.50% | 11.30% | 8.00% |
FSSNX Fidelity Small Cap Index Fund | 1.10% | 1.03% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 5.39% | 3.67% | 2.27% | 4.08% | 3.57% |
Drawdowns
DISSX vs. FSSNX - Drawdown Comparison
The maximum DISSX drawdown since its inception was -58.30%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for DISSX and FSSNX.
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Volatility
DISSX vs. FSSNX - Volatility Comparison
BNY Mellon Smallcap Stock Index Fund (DISSX) and Fidelity Small Cap Index Fund (FSSNX) have volatilities of 6.61% and 6.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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