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FSMDX vs. FLPSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSMDX and FLPSX is 0.85, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FSMDX vs. FLPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Low-Priced Stock Fund (FLPSX). The values are adjusted to include any dividend payments, if applicable.

300.00%350.00%400.00%NovemberDecember2025FebruaryMarchApril
358.51%
300.60%
FSMDX
FLPSX

Key characteristics

Sharpe Ratio

FSMDX:

0.28

FLPSX:

-0.09

Sortino Ratio

FSMDX:

0.53

FLPSX:

-0.01

Omega Ratio

FSMDX:

1.07

FLPSX:

1.00

Calmar Ratio

FSMDX:

0.26

FLPSX:

-0.09

Martin Ratio

FSMDX:

0.95

FLPSX:

-0.33

Ulcer Index

FSMDX:

5.65%

FLPSX:

4.66%

Daily Std Dev

FSMDX:

19.45%

FLPSX:

17.24%

Max Drawdown

FSMDX:

-40.35%

FLPSX:

-53.75%

Current Drawdown

FSMDX:

-12.01%

FLPSX:

-8.88%

Returns By Period

In the year-to-date period, FSMDX achieves a -5.30% return, which is significantly lower than FLPSX's -3.21% return. Over the past 10 years, FSMDX has outperformed FLPSX with an annualized return of 8.61%, while FLPSX has yielded a comparatively lower 7.87% annualized return.


FSMDX

YTD

-5.30%

1M

-3.79%

6M

-4.84%

1Y

5.47%

5Y*

13.73%

10Y*

8.61%

FLPSX

YTD

-3.21%

1M

-3.97%

6M

-4.94%

1Y

-1.30%

5Y*

14.39%

10Y*

7.87%

*Annualized

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FSMDX vs. FLPSX - Expense Ratio Comparison

FSMDX has a 0.03% expense ratio, which is lower than FLPSX's 0.82% expense ratio.


Expense ratio chart for FLPSX: current value is 0.82%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FLPSX: 0.82%
Expense ratio chart for FSMDX: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FSMDX: 0.03%

Risk-Adjusted Performance

FSMDX vs. FLPSX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSMDX
The Risk-Adjusted Performance Rank of FSMDX is 4040
Overall Rank
The Sharpe Ratio Rank of FSMDX is 3838
Sharpe Ratio Rank
The Sortino Ratio Rank of FSMDX is 4040
Sortino Ratio Rank
The Omega Ratio Rank of FSMDX is 4040
Omega Ratio Rank
The Calmar Ratio Rank of FSMDX is 4242
Calmar Ratio Rank
The Martin Ratio Rank of FSMDX is 3939
Martin Ratio Rank

FLPSX
The Risk-Adjusted Performance Rank of FLPSX is 1515
Overall Rank
The Sharpe Ratio Rank of FLPSX is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of FLPSX is 1616
Sortino Ratio Rank
The Omega Ratio Rank of FLPSX is 1616
Omega Ratio Rank
The Calmar Ratio Rank of FLPSX is 1515
Calmar Ratio Rank
The Martin Ratio Rank of FLPSX is 1414
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FSMDX vs. FLPSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Low-Priced Stock Fund (FLPSX). 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 chart of Sharpe ratio for FSMDX, currently valued at 0.28, compared to the broader market-1.000.001.002.003.00
FSMDX: 0.28
FLPSX: -0.09
The chart of Sortino ratio for FSMDX, currently valued at 0.53, compared to the broader market-2.000.002.004.006.008.00
FSMDX: 0.53
FLPSX: -0.01
The chart of Omega ratio for FSMDX, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.00
FSMDX: 1.07
FLPSX: 1.00
The chart of Calmar ratio for FSMDX, currently valued at 0.26, compared to the broader market0.002.004.006.008.0010.00
FSMDX: 0.26
FLPSX: -0.09
The chart of Martin ratio for FSMDX, currently valued at 0.95, compared to the broader market0.0010.0020.0030.0040.0050.00
FSMDX: 0.95
FLPSX: -0.33

The current FSMDX Sharpe Ratio is 0.28, which is higher than the FLPSX Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FSMDX and FLPSX, 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 Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.28
-0.09
FSMDX
FLPSX

Dividends

FSMDX vs. FLPSX - Dividend Comparison

FSMDX's dividend yield for the trailing twelve months is around 2.45%, less than FLPSX's 16.78% yield.


TTM20242023202220212020201920182017201620152014
FSMDX
Fidelity Mid Cap Index Fund
2.45%2.32%1.39%2.07%3.35%2.34%2.86%2.60%2.53%2.23%4.68%3.82%
FLPSX
Fidelity Low-Priced Stock Fund
16.78%16.24%18.29%9.45%12.11%11.14%8.14%13.45%8.91%4.85%4.67%5.88%

Drawdowns

FSMDX vs. FLPSX - Drawdown Comparison

The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum FLPSX drawdown of -53.75%. Use the drawdown chart below to compare losses from any high point for FSMDX and FLPSX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.01%
-8.88%
FSMDX
FLPSX

Volatility

FSMDX vs. FLPSX - Volatility Comparison

Fidelity Mid Cap Index Fund (FSMDX) has a higher volatility of 13.91% compared to Fidelity Low-Priced Stock Fund (FLPSX) at 11.70%. This indicates that FSMDX's price experiences larger fluctuations and is considered to be riskier than FLPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.91%
11.70%
FSMDX
FLPSX