FSSNX vs. FSOPX
Compare and contrast key facts about Fidelity Small Cap Index Fund (FSSNX) and Fidelity Series Small Cap Opportunities Fund (FSOPX).
FSSNX is managed by Fidelity. It was launched on Sep 8, 2011. FSOPX is managed by Fidelity. It was launched on Mar 22, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSSNX or FSOPX.
Key characteristics
| FSSNX | FSOPX | |
|---|---|---|
| YTD Return | 8.77% | 6.12% |
| 1Y Return | 18.75% | 15.90% |
| 3Y Return (Ann) | 1.14% | 3.97% |
| 5Y Return (Ann) | 8.26% | 10.07% |
| 10Y Return (Ann) | 8.38% | 9.33% |
| Sharpe Ratio | 0.95 | 0.87 |
| Daily Std Dev | 21.39% | 20.08% |
| Max Drawdown | -41.72% | -61.73% |
| Current Drawdown | -6.48% | -9.68% |
Correlation
The correlation between FSSNX and FSOPX is 0.97, 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.
Performance
FSSNX vs. FSOPX - Performance Comparison
In the year-to-date period, FSSNX achieves a 8.77% return, which is significantly higher than FSOPX's 6.12% return. Over the past 10 years, FSSNX has underperformed FSOPX with an annualized return of 8.38%, while FSOPX has yielded a comparatively higher 9.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSSNX vs. FSOPX - Expense Ratio Comparison
FSSNX has a 0.03% expense ratio, which is higher than FSOPX'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%.
Risk-Adjusted Performance
FSSNX vs. FSOPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Index Fund (FSSNX) and Fidelity Series Small Cap Opportunities Fund (FSOPX). 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. FSOPX - Dividend Comparison
FSSNX's dividend yield for the trailing twelve months is around 1.13%, more than FSOPX's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 1.13% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 5.39% | 3.67% | 2.27% | 4.53% | 4.80% | 2.82% |
FSOPX Fidelity Series Small Cap Opportunities Fund | 0.50% | 0.98% | 5.16% | 30.85% | 2.01% | 6.67% | 14.62% | 11.15% | 0.69% | 6.15% | 5.74% | 10.27% |
Drawdowns
FSSNX vs. FSOPX - Drawdown Comparison
The maximum FSSNX drawdown since its inception was -41.72%, smaller than the maximum FSOPX drawdown of -61.73%. Use the drawdown chart below to compare losses from any high point for FSSNX and FSOPX. For additional features, visit the drawdowns tool.
Volatility
FSSNX vs. FSOPX - Volatility Comparison
The current volatility for Fidelity Small Cap Index Fund (FSSNX) is 6.78%, while Fidelity Series Small Cap Opportunities Fund (FSOPX) has a volatility of 8.33%. This indicates that FSSNX experiences smaller price fluctuations and is considered to be less risky than FSOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.