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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSSNX or FLXSX.
Performance
FSSNX vs. FLXSX - Performance Comparison
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FSSNX at 15.09% and FLXSX at 15.09%.
FSSNX
15.09%
0.88%
10.76%
31.85%
9.17%
8.78%
FLXSX
15.09%
0.91%
10.81%
31.84%
9.20%
N/A
Key characteristics
| FSSNX | FLXSX | |
|---|---|---|
| Sharpe Ratio | 1.42 | 1.42 |
| Sortino Ratio | 2.09 | 2.10 |
| Omega Ratio | 1.25 | 1.25 |
| Calmar Ratio | 1.20 | 1.20 |
| Martin Ratio | 7.96 | 7.94 |
| Ulcer Index | 3.75% | 3.77% |
| Daily Std Dev | 21.01% | 21.03% |
| Max Drawdown | -41.72% | -41.72% |
| Current Drawdown | -5.36% | -5.34% |
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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%.
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.
Risk-Adjusted Performance
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.
Dividends
FSSNX vs. FLXSX - Dividend Comparison
FSSNX's dividend yield for the trailing twelve months is around 1.07%, less than FLXSX's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 1.07% | 1.43% | 1.26% | 1.26% | 0.94% | 1.32% | 1.33% | 1.15% | 1.24% | 2.80% | 4.80% | 2.82% |
FLXSX Fidelity Flex Small Cap Index Fund | 1.30% | 1.49% | 1.26% | 1.10% | 1.06% | 1.31% | 1.16% | 0.54% | 0.00% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
FSSNX vs. FLXSX - Volatility Comparison
Fidelity Small Cap Index Fund (FSSNX) and Fidelity Flex Small Cap Index Fund (FLXSX) have volatilities of 7.67% and 7.70%, 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.