FDFIX vs. FLAPX
Compare and contrast key facts about Fidelity Flex 500 Index Fund (FDFIX) and Fidelity Flex Mid Cap Index Fund (FLAPX).
FDFIX is managed by Fidelity. It was launched on Mar 9, 2017. FLAPX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDFIX or FLAPX.
Correlation
The correlation between FDFIX and FLAPX is 0.91, 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.
Performance
FDFIX vs. FLAPX - Performance Comparison
Key characteristics
FDFIX:
2.03
FLAPX:
1.22
FDFIX:
2.71
FLAPX:
1.72
FDFIX:
1.38
FLAPX:
1.21
FDFIX:
3.04
FLAPX:
2.02
FDFIX:
13.54
FLAPX:
6.78
FDFIX:
1.89%
FLAPX:
2.42%
FDFIX:
12.62%
FLAPX:
13.43%
FDFIX:
-33.77%
FLAPX:
-40.31%
FDFIX:
-3.53%
FLAPX:
-7.41%
Returns By Period
In the year-to-date period, FDFIX achieves a 24.80% return, which is significantly higher than FLAPX's 14.93% return.
FDFIX
24.80%
-0.24%
7.73%
24.86%
14.59%
N/A
FLAPX
14.93%
-3.43%
9.29%
15.28%
9.95%
N/A
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FDFIX vs. FLAPX - Expense Ratio Comparison
FDFIX has a 0.00% expense ratio, which is lower than FLAPX's 0.00% 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%.
Risk-Adjusted Performance
FDFIX vs. FLAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex 500 Index Fund (FDFIX) and Fidelity Flex Mid Cap Index Fund (FLAPX). 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.
Dividends
FDFIX vs. FLAPX - Dividend Comparison
FDFIX's dividend yield for the trailing twelve months is around 0.89%, more than FLAPX's 0.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FDFIX Fidelity Flex 500 Index Fund | 0.89% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% |
FLAPX Fidelity Flex Mid Cap Index Fund | 0.28% | 1.48% | 1.63% | 1.06% | 1.34% | 1.39% | 1.84% | 0.38% |
Drawdowns
FDFIX vs. FLAPX - Drawdown Comparison
The maximum FDFIX drawdown since its inception was -33.77%, smaller than the maximum FLAPX drawdown of -40.31%. Use the drawdown chart below to compare losses from any high point for FDFIX and FLAPX. For additional features, visit the drawdowns tool.
Volatility
FDFIX vs. FLAPX - Volatility Comparison
The current volatility for Fidelity Flex 500 Index Fund (FDFIX) is 3.64%, while Fidelity Flex Mid Cap Index Fund (FLAPX) has a volatility of 4.63%. This indicates that FDFIX experiences smaller price fluctuations and is considered to be less risky than FLAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.