FSSNX vs. FXAIX
Compare and contrast key facts about Fidelity Small Cap Index Fund (FSSNX) and Fidelity 500 Index Fund (FXAIX).
FSSNX is managed by Fidelity. It was launched on Sep 8, 2011. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSSNX or FXAIX.
Performance
FSSNX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, FSSNX achieves a 15.09% return, which is significantly lower than FXAIX's 24.55% return. Over the past 10 years, FSSNX has underperformed FXAIX with an annualized return of 8.78%, while FXAIX has yielded a comparatively higher 13.02% annualized return.
FSSNX
15.09%
0.88%
10.76%
31.85%
9.17%
8.78%
FXAIX
24.55%
0.58%
11.42%
32.03%
15.31%
13.02%
Key characteristics
| FSSNX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 1.42 | 2.63 |
| Sortino Ratio | 2.09 | 3.52 |
| Omega Ratio | 1.25 | 1.49 |
| Calmar Ratio | 1.20 | 3.81 |
| Martin Ratio | 7.96 | 17.22 |
| Ulcer Index | 3.75% | 1.87% |
| Daily Std Dev | 21.01% | 12.24% |
| Max Drawdown | -41.72% | -33.79% |
| Current Drawdown | -5.36% | -2.14% |
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FSSNX vs. FXAIX - Expense Ratio Comparison
FSSNX has a 0.03% expense ratio, which is higher than FXAIX's 0.02% 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 FXAIX is 0.83, 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. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Index Fund (FSSNX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FSSNX's dividend yield for the trailing twelve months is around 1.07%, less than FXAIX's 1.24% 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% |
FXAIX Fidelity 500 Index Fund | 1.24% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FSSNX vs. FXAIX - Drawdown Comparison
The maximum FSSNX drawdown since its inception was -41.72%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSSNX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FSSNX vs. FXAIX - Volatility Comparison
Fidelity Small Cap Index Fund (FSSNX) has a higher volatility of 7.67% compared to Fidelity 500 Index Fund (FXAIX) at 4.05%. This indicates that FSSNX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.