FSMAX vs. FMCSX
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and Fidelity Mid-Cap Stock Fund (FMCSX).
FSMAX is managed by Fidelity. FMCSX is managed by Fidelity. It was launched on Mar 29, 1994.
Performance
FSMAX vs. FMCSX - Performance Comparison
Loading graphics...
FSMAX vs. FMCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | -4.54% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
FMCSX Fidelity Mid-Cap Stock Fund | 1.46% | 11.80% | 14.55% | 11.02% | -6.40% | 28.64% | 11.43% | 25.39% | -6.67% | 18.03% |
Returns By Period
In the year-to-date period, FSMAX achieves a -4.54% return, which is significantly lower than FMCSX's 1.46% return. Over the past 10 years, FSMAX has underperformed FMCSX with an annualized return of 10.54%, while FMCSX has yielded a comparatively higher 11.64% annualized return.
FSMAX
- 1D
- -1.03%
- 1M
- -7.76%
- YTD
- -4.54%
- 6M
- -4.39%
- 1Y
- 16.77%
- 3Y*
- 13.78%
- 5Y*
- 3.66%
- 10Y*
- 10.54%
FMCSX
- 1D
- -1.38%
- 1M
- -7.66%
- YTD
- 1.46%
- 6M
- 4.65%
- 1Y
- 20.42%
- 3Y*
- 12.52%
- 5Y*
- 8.62%
- 10Y*
- 11.64%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSMAX vs. FMCSX - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than FMCSX's 0.85% expense ratio.
Return for Risk
FSMAX vs. FMCSX — Risk / Return Rank
FSMAX
FMCSX
FSMAX vs. FMCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Fidelity Mid-Cap Stock Fund (FMCSX). 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 | FMCSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.05 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.55 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.40 | -0.46 |
Martin ratioReturn relative to average drawdown | 3.91 | 6.36 | -2.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FSMAX | FMCSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.05 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.49 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.63 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.56 | -0.15 |
Correlation
The correlation between FSMAX and FMCSX 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.
Dividends
FSMAX vs. FMCSX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.60%, less than FMCSX's 1.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | 0.60% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
FMCSX Fidelity Mid-Cap Stock Fund | 1.81% | 1.83% | 8.94% | 2.60% | 5.44% | 12.80% | 6.72% | 6.63% | 18.48% | 6.66% | 8.25% | 14.18% |
Drawdowns
FSMAX vs. FMCSX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -50.55%, smaller than the maximum FMCSX drawdown of -62.19%. Use the drawdown chart below to compare losses from any high point for FSMAX and FMCSX.
Loading graphics...
Drawdown Indicators
| FSMAX | FMCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.55% | -62.19% | +11.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -13.27% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -22.33% | -13.98% |
Max Drawdown (10Y)Largest decline over 10 years | -50.55% | -40.55% | -10.00% |
Current DrawdownCurrent decline from peak | -10.26% | -8.55% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -9.40% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.93% | +0.61% |
Volatility
FSMAX vs. FMCSX - Volatility Comparison
The current volatility for Fidelity Extended Market Index Fund (FSMAX) is 6.01%, while Fidelity Mid-Cap Stock Fund (FMCSX) has a volatility of 6.50%. This indicates that FSMAX experiences smaller price fluctuations and is considered to be less risky than FMCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FSMAX | FMCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 6.50% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 11.90% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 19.89% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.32% | 17.59% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.19% | 18.50% | +11.69% |