FSKAX vs. FXAIX
Compare and contrast key facts about Fidelity Total Market Index Fund (FSKAX) and Fidelity 500 Index Fund (FXAIX).
FSKAX is managed by Fidelity. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSKAX or FXAIX.
Key characteristics
| FSKAX | FXAIX | |
|---|---|---|
| YTD Return | 23.69% | 24.55% |
| 1Y Return | 32.46% | 32.03% |
| 3Y Return (Ann) | 7.86% | 9.39% |
| 5Y Return (Ann) | 14.64% | 15.31% |
| 10Y Return (Ann) | 12.31% | 13.02% |
| Sharpe Ratio | 2.57 | 2.63 |
| Sortino Ratio | 3.44 | 3.52 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 3.77 | 3.81 |
| Martin Ratio | 16.47 | 17.22 |
| Ulcer Index | 1.97% | 1.87% |
| Daily Std Dev | 12.62% | 12.24% |
| Max Drawdown | -35.01% | -33.79% |
| Current Drawdown | -2.41% | -2.14% |
Correlation
The correlation between FSKAX and FXAIX 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.
Performance
FSKAX vs. FXAIX - Performance Comparison
The year-to-date returns for both investments are quite close, with FSKAX having a 23.69% return and FXAIX slightly higher at 24.55%. Over the past 10 years, FSKAX has underperformed FXAIX with an annualized return of 12.31%, while FXAIX has yielded a comparatively higher 13.02% 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. FXAIX - Expense Ratio Comparison
Both FSKAX and FXAIX have an expense ratio of 0.02%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FSKAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Market Index Fund (FSKAX) 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.
Dividends
FSKAX vs. FXAIX - Dividend Comparison
FSKAX's dividend yield for the trailing twelve months is around 1.17%, less than FXAIX's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 1.17% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
FXAIX Fidelity 500 Index Fund | 1.24% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FSKAX vs. FXAIX - Drawdown Comparison
The maximum FSKAX drawdown since its inception was -35.01%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSKAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FSKAX vs. FXAIX - Volatility Comparison
Fidelity Total Market Index Fund (FSKAX) has a higher volatility of 4.27% compared to Fidelity 500 Index Fund (FXAIX) at 4.05%. This indicates that FSKAX'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.