FSMAX vs. FLOWX
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and Fidelity Water Sustainability Fund (FLOWX).
FSMAX is managed by Fidelity. FLOWX is managed by Fidelity. It was launched on Apr 21, 2020.
Performance
FSMAX vs. FLOWX - Performance Comparison
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FSMAX vs. FLOWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | -1.26% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 74.07% |
FLOWX Fidelity Water Sustainability Fund | 1.85% | 18.02% | 8.78% | 18.58% | -19.94% | 28.52% | 35.89% |
Returns By Period
In the year-to-date period, FSMAX achieves a -1.26% return, which is significantly lower than FLOWX's 1.85% return.
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%
FLOWX
- 1D
- 2.22%
- 1M
- -7.81%
- YTD
- 1.85%
- 6M
- 3.08%
- 1Y
- 19.64%
- 3Y*
- 13.71%
- 5Y*
- 8.66%
- 10Y*
- —
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FSMAX vs. FLOWX - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than FLOWX's 1.00% expense ratio.
Return for Risk
FSMAX vs. FLOWX — Risk / Return Rank
FSMAX
FLOWX
FSMAX vs. FLOWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Fidelity Water Sustainability Fund (FLOWX). 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 | FLOWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.27 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.86 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.80 | -0.41 |
Martin ratioReturn relative to average drawdown | 5.70 | 6.69 | -1.00 |
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 | FLOWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.27 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.49 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.77 | -0.34 |
Correlation
The correlation between FSMAX and FLOWX is 0.79, 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. FLOWX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.58%, less than FLOWX's 2.88% 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% |
FLOWX Fidelity Water Sustainability Fund | 2.88% | 2.93% | 2.51% | 0.42% | 0.08% | 1.41% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSMAX vs. FLOWX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -50.55%, which is greater than FLOWX's maximum drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for FSMAX and FLOWX.
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Drawdown Indicators
| FSMAX | FLOWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.55% | -30.63% | -19.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -11.27% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -30.63% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -50.55% | — | — |
Current DrawdownCurrent decline from peak | -7.18% | -8.74% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -7.36% | -4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.03% | +0.54% |
Volatility
FSMAX vs. FLOWX - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) has a higher volatility of 7.01% compared to Fidelity Water Sustainability Fund (FLOWX) at 5.86%. This indicates that FSMAX's price experiences larger fluctuations and is considered to be riskier than FLOWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMAX | FLOWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 5.86% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 9.69% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 16.15% | +6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 17.76% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 18.16% | +12.05% |