FLAPX vs. IJH
Compare and contrast key facts about Fidelity Flex Mid Cap Index Fund (FLAPX) and iShares Core S&P Mid-Cap ETF (IJH).
FLAPX is managed by Fidelity. It was launched on Mar 9, 2017. IJH is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400 Index. It was launched on May 22, 2000.
Performance
FLAPX vs. IJH - Performance Comparison
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FLAPX vs. IJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 2.52% | 14.33% | 15.30% | 17.28% | -17.28% | 22.59% | 17.30% | 30.56% | -9.10% | 14.01% |
IJH iShares Core S&P Mid-Cap ETF | 3.42% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 13.07% |
Returns By Period
In the year-to-date period, FLAPX achieves a 2.52% return, which is significantly lower than IJH's 3.42% return.
FLAPX
- 1D
- 3.33%
- 1M
- -5.78%
- YTD
- 2.52%
- 6M
- 4.56%
- 1Y
- 20.81%
- 3Y*
- 15.03%
- 5Y*
- 7.93%
- 10Y*
- —
IJH
- 1D
- 0.84%
- 1M
- -5.33%
- YTD
- 3.42%
- 6M
- 4.74%
- 1Y
- 17.69%
- 3Y*
- 12.37%
- 5Y*
- 6.75%
- 10Y*
- 10.57%
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FLAPX vs. IJH - Expense Ratio Comparison
FLAPX has a 0.00% expense ratio, which is lower than IJH's 0.05% 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%.
Return for Risk
FLAPX vs. IJH — Risk / Return Rank
FLAPX
IJH
FLAPX vs. IJH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Mid Cap Index Fund (FLAPX) and iShares Core S&P Mid-Cap ETF (IJH). 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.
| FLAPX | IJH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.84 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.32 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.29 | +0.19 |
Martin ratioReturn relative to average drawdown | 6.58 | 5.56 | +1.02 |
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
| FLAPX | IJH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.84 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.34 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.44 | +0.10 |
Correlation
The correlation between FLAPX and IJH 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.
Dividends
FLAPX vs. IJH - Dividend Comparison
FLAPX has not paid dividends to shareholders, while IJH's dividend yield for the trailing twelve months is around 1.30%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 0.00% | 0.00% | 1.08% | 1.99% | 1.82% | 2.83% | 2.16% | 2.18% | 2.24% | 0.44% | 0.00% | 0.00% |
IJH iShares Core S&P Mid-Cap ETF | 1.30% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
Drawdowns
FLAPX vs. IJH - Drawdown Comparison
The maximum FLAPX drawdown since its inception was -40.31%, smaller than the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for FLAPX and IJH.
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Drawdown Indicators
| FLAPX | IJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.31% | -55.07% | +14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -14.16% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -24.10% | -1.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.18% | — |
Current DrawdownCurrent decline from peak | -6.18% | -5.34% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -7.61% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.29% | -0.27% |
Volatility
FLAPX vs. IJH - Volatility Comparison
Fidelity Flex Mid Cap Index Fund (FLAPX) has a higher volatility of 7.05% compared to iShares Core S&P Mid-Cap ETF (IJH) at 6.40%. This indicates that FLAPX's price experiences larger fluctuations and is considered to be riskier than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLAPX | IJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.05% | 6.40% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 11.93% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.41% | 21.08% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 19.74% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 21.16% | -1.12% |