FSSNX vs. EDEN
FSSNX (Fidelity Small Cap Index Fund) and EDEN (iShares MSCI Denmark ETF) are both funds - FSSNX is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index. Both are passively managed. Over the past 10 years, FSSNX returned 11.30%/yr vs 9.22%/yr for EDEN. A 0.51 correlation means they provide meaningful diversification when combined. FSSNX charges 0.03%/yr vs 0.53%/yr for EDEN.
Performance
FSSNX vs. EDEN - Performance Comparison
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Returns By Period
In the year-to-date period, FSSNX achieves a 18.33% return, which is significantly higher than EDEN's -3.05% return. Over the past 10 years, FSSNX has outperformed EDEN with an annualized return of 11.30%, while EDEN has yielded a comparatively lower 9.22% annualized return.
FSSNX
- 1D
- 3.04%
- 1M
- 2.84%
- YTD
- 18.33%
- 6M
- 15.24%
- 1Y
- 38.39%
- 3Y*
- 17.71%
- 5Y*
- 6.13%
- 10Y*
- 11.30%
EDEN
- 1D
- -0.01%
- 1M
- -1.61%
- YTD
- -3.05%
- 6M
- -2.55%
- 1Y
- -6.97%
- 3Y*
- 2.87%
- 5Y*
- 2.08%
- 10Y*
- 9.22%
FSSNX vs. EDEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 18.33% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.54% |
EDEN iShares MSCI Denmark ETF | -3.05% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
Correlation
The correlation between FSSNX and EDEN is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | 0.51 |
The correlation between FSSNX and EDEN has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
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Return for Risk
FSSNX vs. EDEN — Risk / Return Rank
FSSNX
EDEN
FSSNX vs. EDEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Index Fund (FSSNX) and iShares MSCI Denmark ETF (EDEN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSSNX | EDEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.96 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.33 | +3.79 |
| Martin ratioReturn relative to average drawdown | 12.23 | -0.72 | +12.95 |
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Drawdowns
FSSNX vs. EDEN - Drawdown Comparison
The maximum FSSNX drawdown since its inception was -41.72%, which is greater than EDEN's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for FSSNX and EDEN.
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Drawdown Indicators
| FSSNX | EDEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -36.61% | -5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -21.17% | +10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -27.45% | -29.31% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -36.61% | +4.74% |
Max Drawdown (10Y)Largest decline over 10 years | -41.72% | -36.61% | -5.11% |
Current DrawdownCurrent decline from peak | -0.46% | -13.55% | +13.09% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -7.37% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 10.27% | -7.16% |
Volatility
FSSNX vs. EDEN - Volatility Comparison
Fidelity Small Cap Index Fund (FSSNX) has a higher volatility of 7.09% compared to iShares MSCI Denmark ETF (EDEN) at 4.93%. This indicates that FSSNX's price experiences larger fluctuations and is considered to be riskier than EDEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSSNX | EDEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 4.93% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 15.72% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.71% | 20.90% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.68% | 20.25% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 19.41% | +4.08% |
FSSNX vs. EDEN - Expense Ratio Comparison
FSSNX has a 0.03% expense ratio, which is lower than EDEN's 0.53% expense ratio.
Dividends
FSSNX vs. EDEN - Dividend Comparison
FSSNX's dividend yield for the trailing twelve months is around 0.92%, less than EDEN's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 2.87% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
FSSNX Fidelity Small Cap Index Fund | 0.92% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
Frequently Asked Questions
FSSNX and EDEN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSSNX has higher volatility (7.09%) compared to EDEN (4.93%). In terms of maximum drawdown, FSSNX dropped -41.72% vs EDEN's -36.61%.
FSSNX currently has the higher Sharpe Ratio (1.93 vs -0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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