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FSMAX vs. FSKAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FSMAXFSKAX
YTD Return22.26%26.25%
1Y Return44.46%38.48%
3Y Return (Ann)1.43%8.75%
5Y Return (Ann)11.94%15.32%
10Y Return (Ann)10.31%12.61%
Sharpe Ratio2.433.02
Sortino Ratio3.324.03
Omega Ratio1.421.56
Calmar Ratio1.574.46
Martin Ratio14.0819.58
Ulcer Index3.16%1.96%
Daily Std Dev18.32%12.70%
Max Drawdown-41.67%-35.01%
Current Drawdown-1.06%-0.38%

Correlation

-0.50.00.51.00.9

The correlation between FSMAX and FSKAX 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.

Performance

FSMAX vs. FSKAX - Performance Comparison

In the year-to-date period, FSMAX achieves a 22.26% return, which is significantly lower than FSKAX's 26.25% return. Over the past 10 years, FSMAX has underperformed FSKAX with an annualized return of 10.31%, while FSKAX has yielded a comparatively higher 12.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
16.15%
14.98%
FSMAX
FSKAX

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FSMAX vs. FSKAX - Expense Ratio Comparison

FSMAX has a 0.04% expense ratio, which is higher than FSKAX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


FSMAX
Fidelity Extended Market Index Fund
Expense ratio chart for FSMAX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%
Expense ratio chart for FSKAX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

FSMAX vs. FSKAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Fidelity Total Market Index Fund (FSKAX). 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
Sharpe ratio
The chart of Sharpe ratio for FSMAX, currently valued at 2.43, compared to the broader market0.002.004.002.43
Sortino ratio
The chart of Sortino ratio for FSMAX, currently valued at 3.32, compared to the broader market0.005.0010.003.32
Omega ratio
The chart of Omega ratio for FSMAX, currently valued at 1.42, compared to the broader market1.002.003.004.001.42
Calmar ratio
The chart of Calmar ratio for FSMAX, currently valued at 1.57, compared to the broader market0.005.0010.0015.0020.001.57
Martin ratio
The chart of Martin ratio for FSMAX, currently valued at 14.08, compared to the broader market0.0020.0040.0060.0080.00100.0014.08
FSKAX
Sharpe ratio
The chart of Sharpe ratio for FSKAX, currently valued at 3.02, compared to the broader market0.002.004.003.02
Sortino ratio
The chart of Sortino ratio for FSKAX, currently valued at 4.03, compared to the broader market0.005.0010.004.03
Omega ratio
The chart of Omega ratio for FSKAX, currently valued at 1.56, compared to the broader market1.002.003.004.001.56
Calmar ratio
The chart of Calmar ratio for FSKAX, currently valued at 4.46, compared to the broader market0.005.0010.0015.0020.004.46
Martin ratio
The chart of Martin ratio for FSKAX, currently valued at 19.58, compared to the broader market0.0020.0040.0060.0080.00100.0019.58

FSMAX vs. FSKAX - Sharpe Ratio Comparison

The current FSMAX Sharpe Ratio is 2.43, which is comparable to the FSKAX Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of FSMAX and FSKAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.43
3.02
FSMAX
FSKAX

Dividends

FSMAX vs. FSKAX - Dividend Comparison

FSMAX's dividend yield for the trailing twelve months is around 0.87%, less than FSKAX's 1.14% yield.


TTM20232022202120202019201820172016201520142013
FSMAX
Fidelity Extended Market Index Fund
0.87%1.17%1.38%0.99%0.93%1.41%1.69%1.30%1.38%2.99%5.43%4.09%
FSKAX
Fidelity Total Market Index Fund
1.14%1.41%1.62%1.15%1.45%1.80%2.06%1.66%1.82%1.96%1.63%1.54%

Drawdowns

FSMAX vs. FSKAX - Drawdown Comparison

The maximum FSMAX drawdown since its inception was -41.67%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FSMAX and FSKAX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.06%
-0.38%
FSMAX
FSKAX

Volatility

FSMAX vs. FSKAX - Volatility Comparison

Fidelity Extended Market Index Fund (FSMAX) has a higher volatility of 5.96% compared to Fidelity Total Market Index Fund (FSKAX) at 4.04%. This indicates that FSMAX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.96%
4.04%
FSMAX
FSKAX