FDFIX vs. FID

Last updated Jun 4, 2026

FDFIX (Fidelity Flex 500 Index Fund) and FID (First Trust S&P International Dividend Aristocrats ETF) are both funds - FDFIX is a Large Cap Blend Equities fund managed by Fidelity, while FID is a Foreign Large Cap Equities fund tracking the S&P International Dividend Aristocrats Index. Over the past 5 years, FDFIX returned 14.20%/yr vs 7.74%/yr for FID. A 0.58 correlation means they provide meaningful diversification when combined. FDFIX charges 0.00%/yr vs 0.60%/yr for FID.

Performance

FDFIX vs. FID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex 500 Index Fund (FDFIX) and First Trust S&P International Dividend Aristocrats ETF (FID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDFIX achieves a 11.53% return, which is significantly higher than FID's 8.56% return.

FDFIX

• 1D: 0.22%
• 1M: 6.02%
• YTD: 11.53%
• 6M: 11.45%
• 1Y: 28.49%
• 3Y*: 22.62%
• 5Y*: 14.20%
• 10Y*: —

FID

• 1D: -1.11%
• 1M: 2.56%
• YTD: 8.56%
• 6M: 10.95%
• 1Y: 23.28%
• 3Y*: 17.43%
• 5Y*: 7.74%
• 10Y*: —

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

FDFIX vs. FID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FDFIX Fidelity Flex 500 Index Fund	11.53%	17.59%	25.06%	26.27%	-18.10%	28.69%	18.46%	31.47%	-13.37%
FID First Trust S&P International Dividend Aristocrats ETF	8.56%	32.07%	5.42%	9.92%	-9.69%	12.90%	-7.56%	20.82%	-8.00%

Correlation

The correlation between FDFIX and FID is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Aug 30, 2018	0.58

The correlation between FDFIX and FID has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

Return for Risk

FDFIX vs. FID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDFIX

FDFIX Risk / Return Rank: 70
FDFIX Sharpe Ratio Rank: 72
FDFIX Sortino Ratio Rank: 64
FDFIX Omega Ratio Rank: 64
FDFIX Calmar Ratio Rank: 72
FDFIX Martin Ratio Rank: 80

FID

FID Risk / Return Rank: 62
FID Sharpe Ratio Rank: 69
FID Sortino Ratio Rank: 71
FID Omega Ratio Rank: 67
FID Calmar Ratio Rank: 53
FID Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDFIX vs. FID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex 500 Index Fund (FDFIX) and First Trust S&P International Dividend Aristocrats ETF (FID). 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.

	FDFIX	FID	Difference
Sharpe ratio Return per unit of total volatility	2.47	2.30	+0.17
Sortino ratio Return per unit of downside risk	3.34	3.26	+0.08
Omega ratio Gain probability vs. loss probability	1.45	1.41	+0.04
Calmar ratio Return relative to maximum drawdown	3.28	2.62	+0.67
Martin ratio Return relative to average drawdown	14.96	9.14	+5.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDFIX vs. FID - Sharpe Ratio Comparison

The current FDFIX Sharpe Ratio is 2.47, which is comparable to the FID Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of FDFIX and FID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDFIX	FID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.30	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.46	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.39	+0.43

Drawdowns

FDFIX vs. FID - Drawdown Comparison

The maximum FDFIX drawdown since its inception was -33.77%, smaller than the maximum FID drawdown of -39.79%. Use the drawdown chart below to compare losses from any high point for FDFIX and FID.

Drawdown Indicators

	FDFIX	FID	Difference
Max Drawdown Largest peak-to-trough decline	-33.77%	-39.79%	+6.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-8.93%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	-10.97%	-7.79%
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	-29.13%	+4.62%
Current Drawdown Current decline from peak	0.00%	-1.11%	+1.11%
Average Drawdown Average peak-to-trough decline	-4.58%	-8.47%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.55%	-0.58%

Volatility

FDFIX vs. FID - Volatility Comparison

Fidelity Flex 500 Index Fund (FDFIX) and First Trust S&P International Dividend Aristocrats ETF (FID) have volatilities of 2.92% and 3.00%, 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

	FDFIX	FID	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	3.00%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	8.12%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	11.96%	10.16%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	17.04%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	18.96%	-0.37%

FDFIX vs. FID - Expense Ratio Comparison

FDFIX has a 0.00% expense ratio, which is lower than FID's 0.60% expense ratio.

Dividends

FDFIX vs. FID - Dividend Comparison

FDFIX's dividend yield for the trailing twelve months is around 1.03%, less than FID's 4.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDFIX Fidelity Flex 500 Index Fund	1.03%	1.11%	1.26%	1.48%	1.70%	1.27%	1.52%	1.78%	2.16%	0.50%
FID First Trust S&P International Dividend Aristocrats ETF	4.02%	4.30%	4.31%	4.19%	4.22%	3.76%	3.91%	3.70%	1.74%	0.00%

Frequently Asked Questions

Can I hold both FDFIX and FID in my portfolio?

FDFIX and FID have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDFIX or FID?

FID has higher volatility (3.00%) compared to FDFIX (2.92%). In terms of maximum drawdown, FDFIX dropped -33.77% vs FID's -39.79%.

Which has better risk-adjusted returns?

FDFIX currently has the higher Sharpe Ratio (2.47 vs 2.30), 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.