FSSNX vs. FLXSX
Compare and contrast key facts about Fidelity Small Cap Index Fund (FSSNX) and Fidelity Flex Small Cap Index Fund (FLXSX).
FSSNX is managed by Fidelity. It was launched on Sep 8, 2011. FLXSX is managed by Fidelity. It was launched on Mar 9, 2017.
Performance
FSSNX vs. FLXSX - Performance Comparison
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FSSNX vs. FLXSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | -2.46% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.05% |
FLXSX Fidelity Flex Small Cap Index Fund | -3.13% | 12.02% | 11.67% | 17.11% | -20.29% | 14.84% | 20.06% | 25.69% | -11.13% | 14.28% |
Returns By Period
In the year-to-date period, FSSNX achieves a -2.46% return, which is significantly higher than FLXSX's -3.13% return.
FSSNX
- 1D
- -1.44%
- 1M
- -8.16%
- YTD
- -2.46%
- 6M
- -0.28%
- 1Y
- 21.68%
- 3Y*
- 11.92%
- 5Y*
- 3.17%
- 10Y*
- 9.53%
FLXSX
- 1D
- -1.59%
- 1M
- -8.74%
- YTD
- -3.13%
- 6M
- -1.03%
- 1Y
- 19.83%
- 3Y*
- 11.35%
- 5Y*
- 2.86%
- 10Y*
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FSSNX vs. FLXSX - Expense Ratio Comparison
FSSNX has a 0.03% expense ratio, which is higher than FLXSX's 0.00% expense ratio. However, 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
FSSNX vs. FLXSX — Risk / Return Rank
FSSNX
FLXSX
FSSNX vs. FLXSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Index Fund (FSSNX) and Fidelity Flex Small Cap Index Fund (FLXSX). 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.
| FSSNX | FLXSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.82 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.28 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.11 | +0.22 |
Martin ratioReturn relative to average drawdown | 5.05 | 4.00 | +1.05 |
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
| FSSNX | FLXSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.82 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.13 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.33 | +0.15 |
Correlation
The correlation between FSSNX and FLXSX is 1.00, 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
FSSNX vs. FLXSX - Dividend Comparison
FSSNX's dividend yield for the trailing twelve months is around 1.11%, while FLXSX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 1.11% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
FLXSX Fidelity Flex Small Cap Index Fund | 0.00% | 0.00% | 1.36% | 1.49% | 1.26% | 2.74% | 1.06% | 2.86% | 2.31% | 0.77% | 0.00% | 0.00% |
Drawdowns
FSSNX vs. FLXSX - Drawdown Comparison
The maximum FSSNX drawdown since its inception was -41.72%, roughly equal to the maximum FLXSX drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for FSSNX and FLXSX.
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Drawdown Indicators
| FSSNX | FLXSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -41.72% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -13.94% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -31.88% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -41.72% | — | — |
Current DrawdownCurrent decline from peak | -11.00% | -12.25% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -10.60% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 4.10% | -0.42% |
Volatility
FSSNX vs. FLXSX - Volatility Comparison
The current volatility for Fidelity Small Cap Index Fund (FSSNX) is 6.60%, while Fidelity Flex Small Cap Index Fund (FLXSX) has a volatility of 7.04%. This indicates that FSSNX experiences smaller price fluctuations and is considered to be less risky than FLXSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSSNX | FLXSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 7.04% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.12% | 14.95% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.11% | 23.66% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 22.65% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.38% | 24.08% | -0.70% |