FGKPX vs. FXAIX
Compare and contrast key facts about Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and Fidelity 500 Index Fund (FXAIX).
FGKPX is managed by Fidelity. It was launched on Jan 30, 2019. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FGKPX vs. FXAIX - Performance Comparison
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FGKPX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | -1.04% | 12.56% | 5.96% | 15.28% | -12.98% | 10.75% | 5.22% | 3.48% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 21.60% |
Returns By Period
In the year-to-date period, FGKPX achieves a -1.04% return, which is significantly higher than FXAIX's -7.05% return.
FGKPX
- 1D
- -0.52%
- 1M
- -5.86%
- YTD
- -1.04%
- 6M
- 0.80%
- 1Y
- 11.99%
- 3Y*
- 9.63%
- 5Y*
- 4.79%
- 10Y*
- —
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FGKPX vs. FXAIX - Expense Ratio Comparison
FGKPX has a 0.23% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FGKPX vs. FXAIX — Risk / Return Rank
FGKPX
FXAIX
FGKPX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and Fidelity 500 Index Fund (FXAIX). 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.
| FGKPX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.84 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.30 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.05 | +0.30 |
Martin ratioReturn relative to average drawdown | 4.89 | 5.13 | -0.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGKPX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.84 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.68 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.75 | -0.34 |
Correlation
The correlation between FGKPX and FXAIX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FGKPX vs. FXAIX - Dividend Comparison
FGKPX's dividend yield for the trailing twelve months is around 7.83%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | 7.83% | 7.75% | 5.07% | 2.91% | 1.88% | 2.30% | 1.77% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FGKPX vs. FXAIX - Drawdown Comparison
The maximum FGKPX drawdown since its inception was -32.05%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FGKPX and FXAIX.
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Drawdown Indicators
| FGKPX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.05% | -33.79% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -12.13% | +4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -24.50% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -6.93% | -8.89% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -3.83% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.50% | -0.31% |
Volatility
FGKPX vs. FXAIX - Volatility Comparison
Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) has a higher volatility of 4.58% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that FGKPX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGKPX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 4.24% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 9.08% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.86% | 18.13% | -8.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.05% | 16.88% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.46% | 18.03% | -5.57% |