FSMAX vs. PKSFX
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and Virtus KAR Small-Cap Core Fund (PKSFX).
FSMAX is managed by Fidelity. PKSFX is managed by Virtus. It was launched on Oct 18, 1996.
Performance
FSMAX vs. PKSFX - Performance Comparison
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FSMAX vs. PKSFX - 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% |
PKSFX Virtus KAR Small-Cap Core Fund | 1.54% | -2.58% | 13.67% | 32.32% | -10.77% | 19.03% | 21.38% | 40.21% | -1.99% | 34.98% |
Returns By Period
In the year-to-date period, FSMAX achieves a -1.26% return, which is significantly lower than PKSFX's 1.54% return. Over the past 10 years, FSMAX has underperformed PKSFX with an annualized return of 10.91%, while PKSFX has yielded a comparatively higher 14.98% 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%
PKSFX
- 1D
- 2.07%
- 1M
- -6.10%
- YTD
- 1.54%
- 6M
- 1.60%
- 1Y
- 3.79%
- 3Y*
- 10.39%
- 5Y*
- 7.79%
- 10Y*
- 14.98%
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FSMAX vs. PKSFX - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than PKSFX's 1.00% expense ratio.
Return for Risk
FSMAX vs. PKSFX — Risk / Return Rank
FSMAX
PKSFX
FSMAX vs. PKSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Virtus KAR Small-Cap Core Fund (PKSFX). 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 | PKSFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.23 | +0.68 |
Sortino ratioReturn per unit of downside risk | 1.40 | 0.48 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.06 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.42 | +0.97 |
Martin ratioReturn relative to average drawdown | 5.70 | 0.95 | +4.75 |
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 | PKSFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.23 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.44 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.80 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.56 | -0.14 |
Correlation
The correlation between FSMAX and PKSFX is 0.88, 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. PKSFX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.58%, less than PKSFX's 14.08% 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% |
PKSFX Virtus KAR Small-Cap Core Fund | 14.08% | 14.30% | 4.07% | 4.12% | 6.65% | 12.05% | 7.45% | 4.03% | 4.33% | 0.17% | 5.69% | 19.83% |
Drawdowns
FSMAX vs. PKSFX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -50.55%, smaller than the maximum PKSFX drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for FSMAX and PKSFX.
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Drawdown Indicators
| FSMAX | PKSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.55% | -54.46% | +3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -11.21% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -22.02% | -14.29% |
Max Drawdown (10Y)Largest decline over 10 years | -50.55% | -33.45% | -17.10% |
Current DrawdownCurrent decline from peak | -7.18% | -9.42% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -7.17% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.96% | -1.39% |
Volatility
FSMAX vs. PKSFX - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) has a higher volatility of 7.01% compared to Virtus KAR Small-Cap Core Fund (PKSFX) at 4.62%. This indicates that FSMAX's price experiences larger fluctuations and is considered to be riskier than PKSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMAX | PKSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 4.62% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 11.11% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 18.95% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 17.90% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 18.79% | +11.42% |