FSMAX vs. DFSVX
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and DFA U.S. Small Cap Value Portfolio I (DFSVX).
FSMAX is managed by Fidelity. DFSVX is managed by Dimensional. It was launched on Mar 2, 1993.
Performance
FSMAX vs. DFSVX - Performance Comparison
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FSMAX vs. DFSVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | -1.26% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 6.83% | 8.37% | 9.58% | 19.02% | -3.57% | 39.97% | 2.24% | 18.15% | -15.13% | 6.82% |
Returns By Period
In the year-to-date period, FSMAX achieves a -1.26% return, which is significantly lower than DFSVX's 6.83% return. Both investments have delivered pretty close results over the past 10 years, with FSMAX having a 10.91% annualized return and DFSVX not far behind at 10.84%.
FSMAX
- 1D
- 3.43%
- 1M
- -5.35%
- YTD
- -1.26%
- 6M
- -1.38%
- 1Y
- 20.12%
- 3Y*
- 15.07%
- 5Y*
- 4.00%
- 10Y*
- 10.91%
DFSVX
- 1D
- 2.04%
- 1M
- -3.75%
- YTD
- 6.83%
- 6M
- 9.84%
- 1Y
- 25.75%
- 3Y*
- 14.75%
- 5Y*
- 9.70%
- 10Y*
- 10.84%
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FSMAX vs. DFSVX - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than DFSVX's 0.30% expense ratio.
Return for Risk
FSMAX vs. DFSVX — Risk / Return Rank
FSMAX
DFSVX
FSMAX vs. DFSVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and DFA U.S. Small Cap Value Portfolio I (DFSVX). 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.
| FSMAX | DFSVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.13 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.67 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.56 | -0.17 |
Martin ratioReturn relative to average drawdown | 5.70 | 5.75 | -0.06 |
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
| FSMAX | DFSVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.13 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.45 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.45 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.51 | -0.09 |
Correlation
The correlation between FSMAX and DFSVX is 0.89, 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
FSMAX vs. DFSVX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.58%, less than DFSVX's 1.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | 0.58% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
DFSVX DFA U.S. Small Cap Value Portfolio I | 1.63% | 1.69% | 1.47% | 3.67% | 6.77% | 10.40% | 1.96% | 2.83% | 7.54% | 5.18% | 4.18% | 5.29% |
Drawdowns
FSMAX vs. DFSVX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -50.55%, smaller than the maximum DFSVX drawdown of -66.70%. Use the drawdown chart below to compare losses from any high point for FSMAX and DFSVX.
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Drawdown Indicators
| FSMAX | DFSVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.55% | -66.70% | +16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -15.11% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -27.69% | -8.62% |
Max Drawdown (10Y)Largest decline over 10 years | -50.55% | -52.12% | +1.57% |
Current DrawdownCurrent decline from peak | -7.18% | -5.89% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -9.51% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.09% | -0.52% |
Volatility
FSMAX vs. DFSVX - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) has a higher volatility of 7.01% compared to DFA U.S. Small Cap Value Portfolio I (DFSVX) at 5.46%. This indicates that FSMAX's price experiences larger fluctuations and is considered to be riskier than DFSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMAX | DFSVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 5.46% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 12.88% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 23.35% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 21.68% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 23.92% | +6.29% |