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FLAPX vs. FLXSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FLAPX and FLXSX is 0.81, 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

FLAPX vs. FLXSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Mid Cap Index Fund (FLAPX) and Fidelity Flex Small Cap Index Fund (FLXSX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FLAPX:

0.38

FLXSX:

-0.04

Sortino Ratio

FLAPX:

0.68

FLXSX:

0.13

Omega Ratio

FLAPX:

1.09

FLXSX:

1.02

Calmar Ratio

FLAPX:

0.36

FLXSX:

-0.03

Martin Ratio

FLAPX:

1.24

FLXSX:

-0.09

Ulcer Index

FLAPX:

6.07%

FLXSX:

9.61%

Daily Std Dev

FLAPX:

19.85%

FLXSX:

24.71%

Max Drawdown

FLAPX:

-40.31%

FLXSX:

-43.21%

Current Drawdown

FLAPX:

-6.97%

FLXSX:

-15.57%

Returns By Period

In the year-to-date period, FLAPX achieves a 0.16% return, which is significantly higher than FLXSX's -7.76% return.


FLAPX

YTD

0.16%

1M

12.24%

6M

-3.71%

1Y

7.51%

3Y*

10.34%

5Y*

12.70%

10Y*

N/A

FLXSX

YTD

-7.76%

1M

11.33%

6M

-11.35%

1Y

-0.95%

3Y*

6.58%

5Y*

9.77%

10Y*

N/A

*Annualized

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Fidelity Flex Mid Cap Index Fund

FLAPX vs. FLXSX - Expense Ratio Comparison

FLAPX has a 0.00% expense ratio, which is lower than FLXSX'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

FLAPX vs. FLXSX — Risk-Adjusted Performance Rank

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

FLAPX
The Risk-Adjusted Performance Rank of FLAPX is 4545
Overall Rank
The Sharpe Ratio Rank of FLAPX is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of FLAPX is 4545
Sortino Ratio Rank
The Omega Ratio Rank of FLAPX is 4343
Omega Ratio Rank
The Calmar Ratio Rank of FLAPX is 4949
Calmar Ratio Rank
The Martin Ratio Rank of FLAPX is 4444
Martin Ratio Rank

FLXSX
The Risk-Adjusted Performance Rank of FLXSX is 1818
Overall Rank
The Sharpe Ratio Rank of FLXSX is 1717
Sharpe Ratio Rank
The Sortino Ratio Rank of FLXSX is 1919
Sortino Ratio Rank
The Omega Ratio Rank of FLXSX is 1818
Omega Ratio Rank
The Calmar Ratio Rank of FLXSX is 1717
Calmar Ratio Rank
The Martin Ratio Rank of FLXSX is 1717
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FLAPX vs. FLXSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Mid Cap Index Fund (FLAPX) and Fidelity Flex Small Cap Index Fund (FLXSX). 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.


The current FLAPX Sharpe Ratio is 0.38, which is higher than the FLXSX Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of FLAPX and FLXSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FLAPX vs. FLXSX - Dividend Comparison

FLAPX's dividend yield for the trailing twelve months is around 1.07%, less than FLXSX's 1.48% yield.


TTM20242023202220212020201920182017
FLAPX
Fidelity Flex Mid Cap Index Fund
1.07%1.08%1.48%1.63%1.06%1.34%1.39%1.84%0.38%
FLXSX
Fidelity Flex Small Cap Index Fund
1.48%1.36%1.49%1.26%1.10%1.06%1.31%1.16%0.54%

Drawdowns

FLAPX vs. FLXSX - Drawdown Comparison

The maximum FLAPX drawdown since its inception was -40.31%, smaller than the maximum FLXSX drawdown of -43.21%. Use the drawdown chart below to compare losses from any high point for FLAPX and FLXSX. For additional features, visit the drawdowns tool.


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Volatility

FLAPX vs. FLXSX - Volatility Comparison

The current volatility for Fidelity Flex Mid Cap Index Fund (FLAPX) is 5.38%, while Fidelity Flex Small Cap Index Fund (FLXSX) has a volatility of 6.28%. This indicates that FLAPX experiences smaller price fluctuations and is considered to be less risky than FLXSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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