FSKAX vs. SNXFX
FSKAX (Fidelity Total Market Index Fund) and SNXFX (Schwab 1000 Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FSKAX returned 15.11%/yr vs 15.29%/yr for SNXFX. With a 0.99 correlation, they move nearly in lockstep. FSKAX charges 0.01%/yr vs 0.05%/yr for SNXFX.
Performance
FSKAX vs. SNXFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FSKAX having a 8.93% return and SNXFX slightly lower at 8.59%. Both investments have delivered pretty close results over the past 10 years, with FSKAX having a 15.11% annualized return and SNXFX not far ahead at 15.29%.
FSKAX
- 1D
- -1.36%
- 1M
- -0.81%
- YTD
- 8.93%
- 6M
- 7.46%
- 1Y
- 22.81%
- 3Y*
- 20.69%
- 5Y*
- 11.94%
- 10Y*
- 15.11%
SNXFX
- 1D
- -1.37%
- 1M
- -0.94%
- YTD
- 8.59%
- 6M
- 7.12%
- 1Y
- 22.22%
- 3Y*
- 20.75%
- 5Y*
- 12.32%
- 10Y*
- 15.29%
FSKAX vs. SNXFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 8.93% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
SNXFX Schwab 1000 Index Fund | 8.59% | 17.23% | 24.46% | 26.53% | -19.46% | 26.10% | 20.71% | 31.43% | -5.04% | 21.71% |
Correlation
The correlation between FSKAX and SNXFX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011 | 0.99 |
The correlation between FSKAX and SNXFX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FSKAX vs. SNXFX — Risk / Return Rank
FSKAX
SNXFX
FSKAX vs. SNXFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Market Index Fund (FSKAX) and Schwab 1000 Index Fund (SNXFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSKAX | SNXFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.65 | +0.08 |
| Martin ratioReturn relative to average drawdown | 12.11 | 11.81 | +0.30 |
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Drawdowns
FSKAX vs. SNXFX - Drawdown Comparison
The maximum FSKAX drawdown since its inception was -35.01%, smaller than the maximum SNXFX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for FSKAX and SNXFX.
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Drawdown Indicators
| FSKAX | SNXFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.01% | -55.08% | +20.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -8.94% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -19.43% | -19.21% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -25.36% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -35.01% | -34.58% | -0.43% |
Current DrawdownCurrent decline from peak | -2.82% | -2.95% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -8.75% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.01% | 0.00% |
Volatility
FSKAX vs. SNXFX - Volatility Comparison
Fidelity Total Market Index Fund (FSKAX) and Schwab 1000 Index Fund (SNXFX) have volatilities of 5.00% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSKAX | SNXFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 5.03% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 10.11% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 12.85% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 17.42% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 18.75% | -0.28% |
FSKAX vs. SNXFX - Expense Ratio Comparison
FSKAX has a 0.02% expense ratio, which is lower than SNXFX's 0.05% 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%.
Dividends
FSKAX vs. SNXFX - Dividend Comparison
FSKAX's dividend yield for the trailing twelve months is around 0.96%, less than SNXFX's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 0.96% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
SNXFX Schwab 1000 Index Fund | 1.34% | 1.45% | 1.23% | 1.41% | 1.61% | 1.74% | 2.76% | 3.01% | 6.49% | 4.23% | 3.41% | 6.31% |
Frequently Asked Questions
With a correlation of 1.00, FSKAX and SNXFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SNXFX has higher volatility (5.03%) compared to FSKAX (5.00%). In terms of maximum drawdown, FSKAX dropped -35.01% vs SNXFX's -55.08%.
FSKAX currently has the higher Sharpe Ratio (1.88 vs 1.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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