FSMDX vs. FLPSX
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Low-Priced Stock Fund (FLPSX).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. FLPSX is managed by Fidelity. It was launched on Dec 27, 1989.
Performance
FSMDX vs. FLPSX - Performance Comparison
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FSMDX vs. FLPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | -1.30% | 10.58% | 15.55% | 17.20% | -17.27% | 22.56% | 17.13% | 30.53% | -9.38% | 18.04% |
FLPSX Fidelity Low-Priced Stock Fund | -1.04% | 14.69% | 7.23% | 14.41% | -5.69% | 24.46% | 9.34% | 25.75% | -10.80% | 18.88% |
Returns By Period
In the year-to-date period, FSMDX achieves a -1.30% return, which is significantly lower than FLPSX's -1.04% return. Over the past 10 years, FSMDX has outperformed FLPSX with an annualized return of 10.52%, while FLPSX has yielded a comparatively lower 9.89% annualized return.
FSMDX
- 1D
- -0.76%
- 1M
- -7.77%
- YTD
- -1.30%
- 6M
- -1.14%
- 1Y
- 13.02%
- 3Y*
- 12.41%
- 5Y*
- 6.74%
- 10Y*
- 10.52%
FLPSX
- 1D
- -0.37%
- 1M
- -8.40%
- YTD
- -1.04%
- 6M
- 0.58%
- 1Y
- 15.02%
- 3Y*
- 11.25%
- 5Y*
- 7.50%
- 10Y*
- 9.89%
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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.
Return for Risk
FSMDX vs. FLPSX — Risk / Return Rank
FSMDX
FLPSX
FSMDX vs. FLPSX - Risk-Adjusted Trends 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.
| FSMDX | FLPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.88 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.34 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.05 | -0.19 |
Martin ratioReturn relative to average drawdown | 4.07 | 4.35 | -0.28 |
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
| FSMDX | FLPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.88 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.44 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.57 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.83 | -0.18 |
Correlation
The correlation between FSMDX and FLPSX is 0.91, 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
FSMDX vs. FLPSX - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 1.12%, less than FLPSX's 13.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 1.12% | 1.10% | 2.46% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.21% | 2.17% | 2.23% | 2.84% |
FLPSX Fidelity Low-Priced Stock Fund | 13.42% | 13.28% | 16.24% | 18.29% | 9.45% | 12.11% | 11.14% | 8.14% | 13.45% | 7.45% | 4.85% | 4.04% |
Drawdowns
FSMDX vs. FLPSX - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, smaller than the maximum FLPSX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for FSMDX and FLPSX.
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Drawdown Indicators
| FSMDX | FLPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.35% | -54.81% | +14.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -12.50% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -18.76% | -7.31% |
Max Drawdown (10Y)Largest decline over 10 years | -40.35% | -38.16% | -2.19% |
Current DrawdownCurrent decline from peak | -8.16% | -8.81% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -5.68% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.03% | -0.17% |
Volatility
FSMDX vs. FLPSX - Volatility Comparison
Fidelity Mid Cap Index Fund (FSMDX) has a higher volatility of 4.74% compared to Fidelity Low-Priced Stock Fund (FLPSX) at 4.14%. 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.
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Volatility by Period
| FSMDX | FLPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 4.14% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 9.10% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 16.76% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 17.18% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 17.32% | +1.96% |