FCFMX vs. FSUVX

Last updated Aug 1, 2026

FCFMX (Fidelity Series Total Market Index Fund) and FSUVX (Fidelity SAI U.S. Low Volatility Index Fund) are both mutual funds - FCFMX is a Large Cap Blend Equities fund managed by Fidelity, while FSUVX is a Low Volatility fund managed by Fidelity. Over the past 5 years, FCFMX returned 11.71%/yr vs 9.11%/yr for FSUVX. Their correlation of 0.85 means they have usually moved in the same direction. FCFMX charges 0.00%/yr vs 0.11%/yr for FSUVX.

Performance

FCFMX vs. FSUVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Total Market Index Fund (FCFMX) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCFMX achieves a 9.88% return, which is significantly higher than FSUVX's 8.73% return.

FCFMX

• 1D: 1.63%
• 1M: -0.77%
• 6M: 8.22%
• YTD: 9.88%
• 1Y: 21.00%
• 3Y*: 18.76%
• 5Y*: 11.71%
• 10Y*: —
• ALL TIME*: 14.80%

FSUVX

• 1D: 0.00%
• 1M: 1.14%
• 6M: 6.39%
• YTD: 8.73%
• 1Y: 14.88%
• 3Y*: 14.07%
• 5Y*: 9.11%
• 10Y*: 11.13%
• ALL TIME*: 11.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCFMX Fidelity Series Total Market Index Fund	$0.00	$0.00	$0.00
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	$0.00	$0.00	$0.00

FCFMX vs. FSUVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCFMX Fidelity Series Total Market Index Fund	9.88%	17.43%	23.92%	26.15%	-19.53%	25.64%	20.81%	10.60%
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	8.73%	11.03%	17.40%	14.80%	-10.93%	21.51%	9.86%	12.23%

Correlation

The correlation between FCFMX and FSUVX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019	0.85

Over the past year, the correlation between FCFMX and FSUVX has dropped to 0.65 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

FCFMX vs. FSUVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCFMX

FCFMX Risk / Return Rank: 62
FCFMX Sharpe Ratio Rank: 58
FCFMX Sortino Ratio Rank: 56
FCFMX Omega Ratio Rank: 55
FCFMX Calmar Ratio Rank: 65
FCFMX Martin Ratio Rank: 76

FSUVX

FSUVX Risk / Return Rank: 61
FSUVX Sharpe Ratio Rank: 65
FSUVX Sortino Ratio Rank: 65
FSUVX Omega Ratio Rank: 61
FSUVX Calmar Ratio Rank: 53
FSUVX Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCFMX vs. FSUVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Total Market Index Fund (FCFMX) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX). 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.

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.

	FCFMX	FSUVX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.52	-0.11
Sortino ratio: Return per unit of downside risk	1.98	2.21	-0.23
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	2.10	1.87	+0.22
Martin ratio: Return relative to average drawdown	8.98	7.68	+1.30

FCFMX vs. FSUVX - Sharpe Ratio Comparison

The current FCFMX Sharpe Ratio is 1.41, which is comparable to the FSUVX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of FCFMX and FSUVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCFMX vs. FSUVX - Drawdown Comparison

The maximum FCFMX drawdown since its inception was -34.99%, which is greater than FSUVX's maximum drawdown of -32.41%. Use the drawdown chart below to compare losses from any high point for FCFMX and FSUVX.

Drawdown Indicators

	FCFMX	FSUVX	Difference
Max Drawdown Largest peak-to-trough decline	-34.99%	-32.41%	-2.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-7.28%	-1.61%
Max Drawdown (3Y) Largest decline over 3 years	-19.41%	-11.55%	-7.86%
Max Drawdown (5Y) Largest decline over 5 years	-25.34%	-19.48%	-5.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.41%	—
Current Drawdown Current decline from peak	-1.97%	-0.68%	-1.29%
Average Drawdown Average peak-to-trough decline	-5.48%	-3.25%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.77%	+0.30%

Volatility

FCFMX vs. FSUVX - Volatility Comparison

Fidelity Series Total Market Index Fund (FCFMX) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) have volatilities of 3.41% and 3.36%, 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.

Volatility by Period

	FCFMX	FSUVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	3.36%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	7.10%	+3.22%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	9.00%	+4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	13.00%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	15.19%	+5.11%

FCFMX vs. FSUVX - Expense Ratio Comparison

FCFMX has a 0.00% expense ratio, which is lower than FSUVX's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FCFMX vs. FSUVX - Dividend Comparison

FCFMX's dividend yield for the trailing twelve months is around 1.02%, less than FSUVX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCFMX Fidelity Series Total Market Index Fund	1.02%	1.41%	1.27%	1.45%	1.78%	1.56%	1.88%	1.35%	0.00%	0.00%	0.00%	0.00%
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	4.09%	4.45%	2.25%	1.74%	4.12%	3.52%	1.31%	3.80%	2.63%	2.94%	2.23%	1.17%

Frequently Asked Questions

Can I hold both FCFMX and FSUVX in my portfolio?

FCFMX and FSUVX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCFMX or FSUVX?

FCFMX has higher volatility (3.41%) compared to FSUVX (3.36%). In terms of maximum drawdown, FCFMX dropped -34.99% vs FSUVX's -32.41%.

Which has better risk-adjusted returns?

FSUVX currently has the higher Sharpe Ratio (1.52 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.