FSMAX vs. FZFLX
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX).
FSMAX is managed by Fidelity. FZFLX is managed by Fidelity. It was launched on Aug 12, 2015.
Performance
FSMAX vs. FZFLX - Performance Comparison
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FSMAX vs. FZFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | -1.26% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 7.81% | 10.76% | 15.52% | 17.75% | -15.62% | 20.40% | 19.78% | 31.96% | -9.25% | 18.41% |
Returns By Period
In the year-to-date period, FSMAX achieves a -1.26% return, which is significantly lower than FZFLX's 7.81% return. Over the past 10 years, FSMAX has underperformed FZFLX with an annualized return of 10.91%, while FZFLX has yielded a comparatively higher 12.08% annualized 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%
FZFLX
- 1D
- 5.00%
- 1M
- -6.21%
- YTD
- 7.81%
- 6M
- 9.60%
- 1Y
- 26.35%
- 3Y*
- 16.05%
- 5Y*
- 8.15%
- 10Y*
- 12.08%
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FSMAX vs. FZFLX - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than FZFLX's 0.05% 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%.
Return for Risk
FSMAX vs. FZFLX — Risk / Return Rank
FSMAX
FZFLX
FSMAX vs. FZFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX). 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 | FZFLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.13 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.66 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.73 | -0.34 |
Martin ratioReturn relative to average drawdown | 5.70 | 7.43 | -1.73 |
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 | FZFLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.13 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.40 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.58 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.54 | -0.11 |
Correlation
The correlation between FSMAX and FZFLX is 0.96, 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. FZFLX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.58%, less than FZFLX's 53.58% 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% |
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 53.58% | 57.77% | 10.20% | 2.35% | 79.79% | 50.77% | 7.19% | 6.49% | 7.69% | 1.68% | 0.93% | 0.67% |
Drawdowns
FSMAX vs. FZFLX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -50.55%, which is greater than FZFLX's maximum drawdown of -42.03%. Use the drawdown chart below to compare losses from any high point for FSMAX and FZFLX.
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Drawdown Indicators
| FSMAX | FZFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.55% | -42.03% | -8.52% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -14.54% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -24.77% | -11.54% |
Max Drawdown (10Y)Largest decline over 10 years | -50.55% | -42.03% | -8.52% |
Current DrawdownCurrent decline from peak | -7.18% | -6.21% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -5.81% | -6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.38% | +0.19% |
Volatility
FSMAX vs. FZFLX - Volatility Comparison
The current volatility for Fidelity Extended Market Index Fund (FSMAX) is 7.01%, while Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a volatility of 11.32%. This indicates that FSMAX experiences smaller price fluctuations and is considered to be less risky than FZFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMAX | FZFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 11.32% | -4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 16.31% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 24.32% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 20.78% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 20.91% | +9.30% |