FLXSX vs. SCHA
Compare and contrast key facts about Fidelity Flex Small Cap Index Fund (FLXSX) and Schwab U.S. Small-Cap ETF (SCHA).
FLXSX is managed by Fidelity. It was launched on Mar 9, 2017. SCHA is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Small-Cap Total Stock Market Total Return Index. It was launched on Nov 3, 2009.
Performance
FLXSX vs. SCHA - Performance Comparison
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FLXSX vs. SCHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLXSX Fidelity Flex Small Cap Index Fund | 0.45% | 12.02% | 11.67% | 17.11% | -20.29% | 14.84% | 20.06% | 25.69% | -11.13% | 14.28% |
SCHA Schwab U.S. Small-Cap ETF | 3.19% | 11.60% | 11.16% | 18.46% | -19.81% | 16.45% | 19.34% | 26.50% | -11.79% | 13.77% |
Returns By Period
In the year-to-date period, FLXSX achieves a 0.45% return, which is significantly lower than SCHA's 3.19% return.
FLXSX
- 1D
- 3.69%
- 1M
- -6.16%
- YTD
- 0.45%
- 6M
- 2.33%
- 1Y
- 24.26%
- 3Y*
- 12.71%
- 5Y*
- 3.31%
- 10Y*
- —
SCHA
- 1D
- 0.93%
- 1M
- -4.33%
- YTD
- 3.19%
- 6M
- 5.66%
- 1Y
- 26.55%
- 3Y*
- 13.45%
- 5Y*
- 4.49%
- 10Y*
- 9.94%
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FLXSX vs. SCHA - Expense Ratio Comparison
FLXSX has a 0.00% expense ratio, which is lower than SCHA's 0.04% 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
FLXSX vs. SCHA — Risk / Return Rank
FLXSX
SCHA
FLXSX vs. SCHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Small Cap Index Fund (FLXSX) and Schwab U.S. Small-Cap ETF (SCHA). 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.
| FLXSX | SCHA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.16 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.74 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.87 | -0.35 |
Martin ratioReturn relative to average drawdown | 5.30 | 7.77 | -2.47 |
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
| FLXSX | SCHA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.16 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.21 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.53 | -0.19 |
Correlation
The correlation between FLXSX and SCHA is 0.99, 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
FLXSX vs. SCHA - Dividend Comparison
FLXSX has not paid dividends to shareholders, while SCHA's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLXSX Fidelity Flex Small Cap Index Fund | 0.00% | 0.00% | 1.36% | 1.49% | 1.26% | 2.74% | 1.06% | 2.86% | 2.31% | 0.77% | 0.00% | 0.00% |
SCHA Schwab U.S. Small-Cap ETF | 1.16% | 1.26% | 1.51% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.58% | 1.24% | 1.50% | 1.48% |
Drawdowns
FLXSX vs. SCHA - Drawdown Comparison
The maximum FLXSX drawdown since its inception was -41.72%, roughly equal to the maximum SCHA drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for FLXSX and SCHA.
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Drawdown Indicators
| FLXSX | SCHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -42.41% | +0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -14.35% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -31.88% | -30.79% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.41% | — |
Current DrawdownCurrent decline from peak | -9.01% | -5.41% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -10.60% | -7.65% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 3.45% | +0.54% |
Volatility
FLXSX vs. SCHA - Volatility Comparison
Fidelity Flex Small Cap Index Fund (FLXSX) has a higher volatility of 8.05% compared to Schwab U.S. Small-Cap ETF (SCHA) at 7.31%. This indicates that FLXSX's price experiences larger fluctuations and is considered to be riskier than SCHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXSX | SCHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 7.31% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 15.35% | 13.72% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 22.90% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.70% | 21.95% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.10% | 22.67% | +1.43% |