FLAPX vs. MISIX
Compare and contrast key facts about Fidelity Flex Mid Cap Index Fund (FLAPX) and Victory Trivalent International Small-Cap Fund Class I (MISIX).
FLAPX is managed by Fidelity. It was launched on Mar 9, 2017. MISIX is managed by Victory.
Performance
FLAPX vs. MISIX - Performance Comparison
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FLAPX vs. MISIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | -0.79% | 14.33% | 15.30% | 17.28% | -17.28% | 22.59% | 17.30% | 30.56% | -9.10% | 14.01% |
MISIX Victory Trivalent International Small-Cap Fund Class I | -0.70% | 42.00% | 4.70% | 15.49% | -23.13% | 12.41% | 15.42% | 27.88% | -20.20% | 30.91% |
Returns By Period
In the year-to-date period, FLAPX achieves a -0.79% return, which is significantly lower than MISIX's -0.70% return.
FLAPX
- 1D
- -1.02%
- 1M
- -8.39%
- YTD
- -0.79%
- 6M
- 1.43%
- 1Y
- 17.43%
- 3Y*
- 13.78%
- 5Y*
- 7.53%
- 10Y*
- —
MISIX
- 1D
- -0.60%
- 1M
- -13.84%
- YTD
- -0.70%
- 6M
- 4.64%
- 1Y
- 33.88%
- 3Y*
- 16.76%
- 5Y*
- 7.07%
- 10Y*
- 9.25%
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FLAPX vs. MISIX - Expense Ratio Comparison
FLAPX has a 0.00% expense ratio, which is lower than MISIX's 0.97% expense ratio.
Return for Risk
FLAPX vs. MISIX — Risk / Return Rank
FLAPX
MISIX
FLAPX vs. MISIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Mid Cap Index Fund (FLAPX) and Victory Trivalent International Small-Cap Fund Class I (MISIX). 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 | MISIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.97 | -1.07 |
Sortino ratioReturn per unit of downside risk | 1.37 | 2.54 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.24 | -1.10 |
Martin ratioReturn relative to average drawdown | 5.07 | 9.80 | -4.73 |
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 | MISIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.97 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.40 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.31 | +0.21 |
Correlation
The correlation between FLAPX and MISIX 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.
Dividends
FLAPX vs. MISIX - Dividend Comparison
FLAPX has not paid dividends to shareholders, while MISIX's dividend yield for the trailing twelve months is around 6.09%.
| 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% |
MISIX Victory Trivalent International Small-Cap Fund Class I | 6.09% | 6.05% | 2.27% | 1.90% | 1.12% | 8.61% | 0.41% | 1.99% | 3.59% | 1.85% | 1.56% | 1.21% |
Drawdowns
FLAPX vs. MISIX - Drawdown Comparison
The maximum FLAPX drawdown since its inception was -40.31%, smaller than the maximum MISIX drawdown of -67.61%. Use the drawdown chart below to compare losses from any high point for FLAPX and MISIX.
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Drawdown Indicators
| FLAPX | MISIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.31% | -67.61% | +27.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -13.84% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -37.69% | +11.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.82% | — |
Current DrawdownCurrent decline from peak | -9.21% | -13.84% | +4.63% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -16.99% | +10.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.16% | -0.16% |
Volatility
FLAPX vs. MISIX - Volatility Comparison
The current volatility for Fidelity Flex Mid Cap Index Fund (FLAPX) is 6.04%, while Victory Trivalent International Small-Cap Fund Class I (MISIX) has a volatility of 6.80%. This indicates that FLAPX experiences smaller price fluctuations and is considered to be less risky than MISIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLAPX | MISIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 6.80% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.93% | 11.32% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 16.62% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 17.68% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.02% | 17.78% | +2.24% |