FSMAX vs. FXAIX

In the year-to-date period, FSMAX achieves a 17.83% return, which is significantly lower than FXAIX's 25.57% return. Over the past 10 years, FSMAX has underperformed FXAIX with an annualized return of 9.57%, while FXAIX has yielded a comparatively higher 12.86% annualized return.

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FSMAX has a 0.04% expense ratio, which is higher than FXAIX'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%.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Fidelity 500 Index Fund (FXAIX). 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.

The current FSMAX Sharpe Ratio is 1.13, which is lower than the FXAIX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of FSMAX and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FSMAX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 0.88%.

The maximum FSMAX drawdown since its inception was -41.67%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSMAX and FXAIX. For additional features, visit the drawdowns tool.

Fidelity Extended Market Index Fund (FSMAX) has a higher volatility of 6.26% compared to Fidelity 500 Index Fund (FXAIX) at 3.70%. This indicates that FSMAX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.