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FSSNX vs. FLXSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSSNX and FLXSX is 0.81, 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

FSSNX vs. FLXSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Small Cap Index Fund (FSSNX) and Fidelity Flex Small Cap Index Fund (FLXSX). The values are adjusted to include any dividend payments, if applicable.

30.00%40.00%50.00%60.00%70.00%80.00%90.00%NovemberDecember2025FebruaryMarchApril
43.27%
51.96%
FSSNX
FLXSX

Key characteristics

Sharpe Ratio

FSSNX:

0.04

FLXSX:

0.04

Sortino Ratio

FSSNX:

0.23

FLXSX:

0.23

Omega Ratio

FSSNX:

1.03

FLXSX:

1.03

Calmar Ratio

FSSNX:

0.04

FLXSX:

0.04

Martin Ratio

FSSNX:

0.12

FLXSX:

0.11

Ulcer Index

FSSNX:

8.51%

FLXSX:

8.51%

Daily Std Dev

FSSNX:

24.31%

FLXSX:

24.35%

Max Drawdown

FSSNX:

-44.52%

FLXSX:

-43.21%

Current Drawdown

FSSNX:

-19.33%

FLXSX:

-19.35%

Returns By Period

The year-to-date returns for both stocks are quite close, with FSSNX having a -11.85% return and FLXSX slightly lower at -11.89%.


FSSNX

YTD

-11.85%

1M

-6.48%

6M

-11.08%

1Y

-0.43%

5Y*

10.70%

10Y*

4.78%

FLXSX

YTD

-11.89%

1M

-6.51%

6M

-11.09%

1Y

-0.44%

5Y*

10.93%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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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%.


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

Risk-Adjusted Performance

FSSNX vs. FLXSX — Risk-Adjusted Performance Rank

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

FSSNX
The Risk-Adjusted Performance Rank of FSSNX is 2929
Overall Rank
The Sharpe Ratio Rank of FSSNX is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of FSSNX is 3131
Sortino Ratio Rank
The Omega Ratio Rank of FSSNX is 3030
Omega Ratio Rank
The Calmar Ratio Rank of FSSNX is 2929
Calmar Ratio Rank
The Martin Ratio Rank of FSSNX is 2828
Martin Ratio Rank

FLXSX
The Risk-Adjusted Performance Rank of FLXSX is 2828
Overall Rank
The Sharpe Ratio Rank of FLXSX is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of FLXSX is 3030
Sortino Ratio Rank
The Omega Ratio Rank of FLXSX is 2929
Omega Ratio Rank
The Calmar Ratio Rank of FLXSX is 2828
Calmar Ratio Rank
The Martin Ratio Rank of FLXSX is 2727
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.

FSSNX vs. FLXSX - Risk-Adjusted Performance 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.


The chart of Sharpe ratio for FSSNX, currently valued at 0.04, compared to the broader market-1.000.001.002.003.00
FSSNX: 0.04
FLXSX: 0.04
The chart of Sortino ratio for FSSNX, currently valued at 0.23, compared to the broader market-2.000.002.004.006.008.00
FSSNX: 0.23
FLXSX: 0.23
The chart of Omega ratio for FSSNX, currently valued at 1.03, compared to the broader market0.501.001.502.002.503.00
FSSNX: 1.03
FLXSX: 1.03
The chart of Calmar ratio for FSSNX, currently valued at 0.04, compared to the broader market0.002.004.006.008.0010.00
FSSNX: 0.04
FLXSX: 0.04
The chart of Martin ratio for FSSNX, currently valued at 0.12, compared to the broader market0.0010.0020.0030.0040.0050.00
FSSNX: 0.12
FLXSX: 0.11

The current FSSNX Sharpe Ratio is 0.04, which is comparable to the FLXSX Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of FSSNX and FLXSX, 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-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.04
0.04
FSSNX
FLXSX

Dividends

FSSNX vs. FLXSX - Dividend Comparison

FSSNX's dividend yield for the trailing twelve months is around 1.16%, less than FLXSX's 1.55% yield.


TTM20242023202220212020201920182017201620152014
FSSNX
Fidelity Small Cap Index Fund
1.16%1.03%1.43%1.26%3.92%0.94%2.96%5.39%3.67%2.27%4.53%4.80%
FLXSX
Fidelity Flex Small Cap Index Fund
1.55%1.36%1.49%1.26%1.10%1.06%1.31%1.16%0.54%0.00%0.00%0.00%

Drawdowns

FSSNX vs. FLXSX - Drawdown Comparison

The maximum FSSNX drawdown since its inception was -44.52%, roughly equal to the maximum FLXSX drawdown of -43.21%. Use the drawdown chart below to compare losses from any high point for FSSNX and FLXSX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-19.33%
-19.35%
FSSNX
FLXSX

Volatility

FSSNX vs. FLXSX - Volatility Comparison

Fidelity Small Cap Index Fund (FSSNX) and Fidelity Flex Small Cap Index Fund (FLXSX) have volatilities of 14.23% and 14.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
14.23%
14.25%
FSSNX
FLXSX