FLXSX vs. SWSSX
Compare and contrast key facts about Fidelity Flex Small Cap Index Fund (FLXSX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
FLXSX is managed by Fidelity. It was launched on Mar 9, 2017. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
FLXSX vs. SWSSX - Performance Comparison
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FLXSX vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLXSX Fidelity Flex Small Cap Index Fund | -3.13% | 12.02% | 11.67% | 17.11% | -20.29% | 14.84% | 20.06% | 25.69% | -11.13% | 14.28% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.27% |
Returns By Period
In the year-to-date period, FLXSX achieves a -3.13% return, which is significantly lower than SWSSX's -2.49% return.
FLXSX
- 1D
- -1.59%
- 1M
- -8.74%
- YTD
- -3.13%
- 6M
- -1.03%
- 1Y
- 19.83%
- 3Y*
- 11.35%
- 5Y*
- 2.86%
- 10Y*
- —
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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FLXSX vs. SWSSX - Expense Ratio Comparison
FLXSX has a 0.00% expense ratio, which is lower than SWSSX'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. SWSSX — Risk / Return Rank
FLXSX
SWSSX
FLXSX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Small Cap Index Fund (FLXSX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.91 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.40 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.33 | -0.21 |
Martin ratioReturn relative to average drawdown | 4.00 | 5.02 | -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
| FLXSX | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.91 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.14 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.33 | 0.00 |
Correlation
The correlation between FLXSX and SWSSX 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. SWSSX - Dividend Comparison
FLXSX has not paid dividends to shareholders, while SWSSX's dividend yield for the trailing twelve months is around 1.32%.
| 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
FLXSX vs. SWSSX - Drawdown Comparison
The maximum FLXSX drawdown since its inception was -41.72%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for FLXSX and SWSSX.
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Drawdown Indicators
| FLXSX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -60.34% | +18.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -13.90% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -31.88% | -31.93% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.81% | — |
Current DrawdownCurrent decline from peak | -12.25% | -11.00% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -10.60% | -10.78% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 3.68% | +0.42% |
Volatility
FLXSX vs. SWSSX - Volatility Comparison
Fidelity Flex Small Cap Index Fund (FLXSX) has a higher volatility of 7.04% compared to Schwab Small-Cap Index Fund-Select Shares (SWSSX) at 6.59%. This indicates that FLXSX's price experiences larger fluctuations and is considered to be riskier than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLXSX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 6.59% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.95% | 14.12% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 23.11% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.65% | 22.57% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 24.03% | +0.05% |