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

Correlation

The correlation between FLXSX and FXAIX 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

FLXSX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Small Cap Index Fund (FLXSX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FLXSX:

-0.04

FXAIX:

0.70

Sortino Ratio

FLXSX:

0.13

FXAIX:

1.12

Omega Ratio

FLXSX:

1.02

FXAIX:

1.16

Calmar Ratio

FLXSX:

-0.03

FXAIX:

0.76

Martin Ratio

FLXSX:

-0.09

FXAIX:

2.91

Ulcer Index

FLXSX:

9.61%

FXAIX:

4.81%

Daily Std Dev

FLXSX:

24.71%

FXAIX:

19.63%

Max Drawdown

FLXSX:

-43.21%

FXAIX:

-33.79%

Current Drawdown

FLXSX:

-15.57%

FXAIX:

-2.70%

Returns By Period

In the year-to-date period, FLXSX achieves a -7.76% return, which is significantly lower than FXAIX's 1.81% return.


FLXSX

YTD

-7.76%

1M

11.33%

6M

-11.35%

1Y

-0.95%

3Y*

6.58%

5Y*

9.77%

10Y*

N/A

FXAIX

YTD

1.81%

1M

15.30%

6M

1.36%

1Y

13.45%

3Y*

16.92%

5Y*

16.86%

10Y*

12.65%

*Annualized

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Fidelity 500 Index Fund

FLXSX vs. FXAIX - Expense Ratio Comparison

FLXSX 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%.


Risk-Adjusted Performance

FLXSX vs. FXAIX — Risk-Adjusted Performance Rank

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

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

FXAIX
The Risk-Adjusted Performance Rank of FXAIX is 7171
Overall Rank
The Sharpe Ratio Rank of FXAIX is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of FXAIX is 6969
Sortino Ratio Rank
The Omega Ratio Rank of FXAIX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of FXAIX is 7676
Calmar Ratio Rank
The Martin Ratio Rank of FXAIX is 7272
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.

FLXSX vs. FXAIX - Risk-Adjusted Performance Comparison

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


The current FLXSX Sharpe Ratio is -0.04, which is lower than the FXAIX Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of FLXSX 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.


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Dividends

FLXSX vs. FXAIX - Dividend Comparison

FLXSX's dividend yield for the trailing twelve months is around 1.48%, less than FXAIX's 1.54% yield.


TTM20242023202220212020201920182017201620152014
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%0.00%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
1.54%1.25%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%

Drawdowns

FLXSX vs. FXAIX - Drawdown Comparison

The maximum FLXSX drawdown since its inception was -43.21%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FLXSX and FXAIX. For additional features, visit the drawdowns tool.


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Volatility

FLXSX vs. FXAIX - Volatility Comparison

Fidelity Flex Small Cap Index Fund (FLXSX) has a higher volatility of 6.28% compared to Fidelity 500 Index Fund (FXAIX) at 4.58%. This indicates that FLXSX'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.


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