FSMAX vs. FTIHX
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and Fidelity Total International Index Fund (FTIHX).
FSMAX is managed by Fidelity. FTIHX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Investable Market Index. It was launched on Jun 7, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMAX or FTIHX.
Key characteristics
| FSMAX | FTIHX | |
|---|---|---|
| YTD Return | 22.26% | 6.92% |
| 1Y Return | 44.46% | 17.46% |
| 3Y Return (Ann) | 1.43% | 0.36% |
| 5Y Return (Ann) | 11.94% | 5.48% |
| Sharpe Ratio | 2.43 | 1.32 |
| Sortino Ratio | 3.32 | 1.92 |
| Omega Ratio | 1.42 | 1.25 |
| Calmar Ratio | 1.57 | 1.19 |
| Martin Ratio | 14.08 | 7.46 |
| Ulcer Index | 3.16% | 2.35% |
| Daily Std Dev | 18.32% | 13.34% |
| Max Drawdown | -41.67% | -35.75% |
| Current Drawdown | -1.06% | -6.70% |
Correlation
The correlation between FSMAX and FTIHX is 0.73, 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. FTIHX - Performance Comparison
In the year-to-date period, FSMAX achieves a 22.26% return, which is significantly higher than FTIHX's 6.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSMAX vs. FTIHX - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than FTIHX's 0.06% 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%.
Risk-Adjusted Performance
FSMAX vs. FTIHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Fidelity Total International Index Fund (FTIHX). 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.
Dividends
FSMAX vs. FTIHX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.87%, less than FTIHX's 2.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTIHX Fidelity Total International Index Fund | 2.60% | 2.78% | 2.51% | 2.55% | 1.62% | 2.61% | 2.21% | 1.36% | 0.40% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSMAX vs. FTIHX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -41.67%, which is greater than FTIHX's maximum drawdown of -35.75%. Use the drawdown chart below to compare losses from any high point for FSMAX and FTIHX. For additional features, visit the drawdowns tool.
Volatility
FSMAX vs. FTIHX - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) has a higher volatility of 5.96% compared to Fidelity Total International Index Fund (FTIHX) at 3.94%. This indicates that FSMAX's price experiences larger fluctuations and is considered to be riskier than FTIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.