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FITFX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FITFXFXAIX
YTD Return7.38%26.92%
1Y Return17.57%37.57%
3Y Return (Ann)0.73%10.24%
5Y Return (Ann)5.46%15.96%
Sharpe Ratio1.323.05
Sortino Ratio1.924.06
Omega Ratio1.251.57
Calmar Ratio1.254.44
Martin Ratio7.5720.09
Ulcer Index2.34%1.86%
Daily Std Dev13.34%12.28%
Max Drawdown-34.27%-33.79%
Current Drawdown-6.69%-0.28%

Correlation

-0.50.00.51.00.8

The correlation between FITFX and FXAIX is 0.77, 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

FITFX vs. FXAIX - Performance Comparison

In the year-to-date period, FITFX achieves a 7.38% return, which is significantly lower than FXAIX's 26.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
0.37%
14.80%
FITFX
FXAIX

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FITFX vs. FXAIX - Expense Ratio Comparison

FITFX has a 0.00% expense ratio, which is lower than FXAIX's 0.02% 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%.


FXAIX
Fidelity 500 Index Fund
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%
Expense ratio chart for FITFX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

FITFX vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex International Index Fund (FITFX) 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.


FITFX
Sharpe ratio
The chart of Sharpe ratio for FITFX, currently valued at 1.32, compared to the broader market0.002.004.001.32
Sortino ratio
The chart of Sortino ratio for FITFX, currently valued at 1.92, compared to the broader market0.005.0010.001.92
Omega ratio
The chart of Omega ratio for FITFX, currently valued at 1.25, compared to the broader market1.002.003.004.001.25
Calmar ratio
The chart of Calmar ratio for FITFX, currently valued at 1.25, compared to the broader market0.005.0010.0015.0020.0025.001.25
Martin ratio
The chart of Martin ratio for FITFX, currently valued at 7.57, compared to the broader market0.0020.0040.0060.0080.00100.007.57
FXAIX
Sharpe ratio
The chart of Sharpe ratio for FXAIX, currently valued at 3.05, compared to the broader market0.002.004.003.05
Sortino ratio
The chart of Sortino ratio for FXAIX, currently valued at 4.06, compared to the broader market0.005.0010.004.06
Omega ratio
The chart of Omega ratio for FXAIX, currently valued at 1.57, compared to the broader market1.002.003.004.001.57
Calmar ratio
The chart of Calmar ratio for FXAIX, currently valued at 4.44, compared to the broader market0.005.0010.0015.0020.0025.004.44
Martin ratio
The chart of Martin ratio for FXAIX, currently valued at 20.09, compared to the broader market0.0020.0040.0060.0080.00100.0020.09

FITFX vs. FXAIX - Sharpe Ratio Comparison

The current FITFX Sharpe Ratio is 1.32, which is lower than the FXAIX Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of FITFX and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.32
3.05
FITFX
FXAIX

Dividends

FITFX vs. FXAIX - Dividend Comparison

FITFX's dividend yield for the trailing twelve months is around 2.49%, more than FXAIX's 1.21% yield.


TTM20232022202120202019201820172016201520142013
FITFX
Fidelity Flex International Index Fund
2.49%2.67%2.60%2.25%1.50%3.35%1.92%1.26%0.00%0.00%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
1.21%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

FITFX vs. FXAIX - Drawdown Comparison

The maximum FITFX drawdown since its inception was -34.27%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FITFX and FXAIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-6.69%
-0.28%
FITFX
FXAIX

Volatility

FITFX vs. FXAIX - Volatility Comparison

Fidelity Flex International Index Fund (FITFX) has a higher volatility of 4.12% compared to Fidelity 500 Index Fund (FXAIX) at 3.85%. This indicates that FITFX'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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.12%
3.85%
FITFX
FXAIX