FSKAX vs. FSMAX
Compare and contrast key facts about Fidelity Total Market Index Fund (FSKAX) and Fidelity Extended Market Index Fund (FSMAX).
FSKAX is managed by Fidelity. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSKAX or FSMAX.
Key characteristics
| FSKAX | FSMAX | |
|---|---|---|
| YTD Return | 25.32% | 20.05% |
| 1Y Return | 34.17% | 35.45% |
| 3Y Return (Ann) | 8.48% | 0.87% |
| 5Y Return (Ann) | 14.96% | 11.38% |
| 10Y Return (Ann) | 12.52% | 10.16% |
| Sharpe Ratio | 2.75 | 2.01 |
| Sortino Ratio | 3.66 | 2.77 |
| Omega Ratio | 1.51 | 1.34 |
| Calmar Ratio | 4.00 | 1.39 |
| Martin Ratio | 17.54 | 11.34 |
| Ulcer Index | 1.96% | 3.17% |
| Daily Std Dev | 12.54% | 17.89% |
| Max Drawdown | -35.01% | -41.67% |
| Current Drawdown | -1.12% | -2.85% |
Correlation
The correlation between FSKAX and FSMAX is 0.92, 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
FSKAX vs. FSMAX - Performance Comparison
In the year-to-date period, FSKAX achieves a 25.32% return, which is significantly higher than FSMAX's 20.05% return. Over the past 10 years, FSKAX has outperformed FSMAX with an annualized return of 12.52%, while FSMAX has yielded a comparatively lower 10.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSKAX vs. FSMAX - Expense Ratio Comparison
FSKAX has a 0.02% expense ratio, which is lower than FSMAX'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%.
Risk-Adjusted Performance
FSKAX vs. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Market Index Fund (FSKAX) and Fidelity Extended Market Index Fund (FSMAX). 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.
Dividends
FSKAX vs. FSMAX - Dividend Comparison
FSKAX's dividend yield for the trailing twelve months is around 1.15%, more than FSMAX's 0.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 1.15% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
FSMAX Fidelity Extended Market Index Fund | 0.89% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% | 4.09% |
Drawdowns
FSKAX vs. FSMAX - Drawdown Comparison
The maximum FSKAX drawdown since its inception was -35.01%, smaller than the maximum FSMAX drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for FSKAX and FSMAX. For additional features, visit the drawdowns tool.
Volatility
FSKAX vs. FSMAX - Volatility Comparison
The current volatility for Fidelity Total Market Index Fund (FSKAX) is 4.02%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 6.13%. This indicates that FSKAX experiences smaller price fluctuations and is considered to be less risky than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.