FISVX vs. FSSNX
Compare and contrast key facts about Fidelity Small Cap Value Index Fund (FISVX) and Fidelity Small Cap Index Fund (FSSNX).
FISVX is managed by Fidelity. It was launched on Jul 11, 2019. 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: FISVX or FSSNX.
Performance
FISVX vs. FSSNX - Performance Comparison
Returns By Period
In the year-to-date period, FISVX achieves a 16.86% return, which is significantly lower than FSSNX's 20.29% return.
FISVX
16.86%
8.04%
16.42%
32.51%
10.10%
N/A
FSSNX
20.29%
8.87%
17.15%
36.08%
10.23%
9.12%
Key characteristics
| FISVX | FSSNX | |
|---|---|---|
| Sharpe Ratio | 1.52 | 1.72 |
| Sortino Ratio | 2.26 | 2.47 |
| Omega Ratio | 1.27 | 1.30 |
| Calmar Ratio | 1.78 | 1.50 |
| Martin Ratio | 8.00 | 9.52 |
| Ulcer Index | 4.06% | 3.79% |
| Daily Std Dev | 21.32% | 20.98% |
| Max Drawdown | -44.66% | -41.72% |
| Current Drawdown | -1.17% | -1.09% |
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FISVX vs. FSSNX - Expense Ratio Comparison
FISVX has a 0.05% expense ratio, which is higher than FSSNX's 0.03% 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%.
Correlation
The correlation between FISVX and FSSNX is 0.97, 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.
Risk-Adjusted Performance
FISVX vs. FSSNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Value Index Fund (FISVX) 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.
Dividends
FISVX vs. FSSNX - Dividend Comparison
FISVX's dividend yield for the trailing twelve months is around 1.58%, more than FSSNX's 1.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISVX Fidelity Small Cap Value Index Fund | 1.58% | 2.06% | 1.94% | 1.58% | 1.33% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSSNX Fidelity Small Cap Index Fund | 1.02% | 1.43% | 1.26% | 1.26% | 0.94% | 1.32% | 1.33% | 1.15% | 1.24% | 2.80% | 4.80% | 2.82% |
Drawdowns
FISVX vs. FSSNX - Drawdown Comparison
The maximum FISVX drawdown since its inception was -44.66%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for FISVX and FSSNX. For additional features, visit the drawdowns tool.
Volatility
FISVX vs. FSSNX - Volatility Comparison
Fidelity Small Cap Value Index Fund (FISVX) and Fidelity Small Cap Index Fund (FSSNX) have volatilities of 7.95% and 7.67%, 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.