FSSNX vs. SMLF
Compare and contrast key facts about Fidelity Small Cap Index Fund (FSSNX) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF).
FSSNX is managed by Fidelity. It was launched on Sep 8, 2011. SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015.
Performance
FSSNX vs. SMLF - Performance Comparison
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FSSNX vs. SMLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 0.91% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.54% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.81% | 12.30% | 16.33% | 19.99% | -12.19% | 26.53% | 8.38% | 21.56% | -8.42% | 12.70% |
Returns By Period
In the year-to-date period, FSSNX achieves a 0.91% return, which is significantly lower than SMLF's 1.81% return. Over the past 10 years, FSSNX has underperformed SMLF with an annualized return of 9.90%, while SMLF has yielded a comparatively higher 11.32% annualized return.
FSSNX
- 1D
- 3.45%
- 1M
- -5.85%
- YTD
- 0.91%
- 6M
- 2.89%
- 1Y
- 25.83%
- 3Y*
- 13.19%
- 5Y*
- 3.57%
- 10Y*
- 9.90%
SMLF
- 1D
- 0.73%
- 1M
- -3.90%
- YTD
- 1.81%
- 6M
- 2.85%
- 1Y
- 23.23%
- 3Y*
- 15.50%
- 5Y*
- 8.70%
- 10Y*
- 11.32%
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FSSNX vs. SMLF - Expense Ratio Comparison
FSSNX has a 0.03% expense ratio, which is lower than SMLF's 0.30% expense ratio.
Return for Risk
FSSNX vs. SMLF — Risk / Return Rank
FSSNX
SMLF
FSSNX vs. SMLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Index Fund (FSSNX) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF). 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 | SMLF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.03 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.56 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.63 | +0.18 |
Martin ratioReturn relative to average drawdown | 6.80 | 7.01 | -0.21 |
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 | SMLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.03 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.41 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.52 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.49 | 0.00 |
Correlation
The correlation between FSSNX and SMLF is 0.91, 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. SMLF - Dividend Comparison
FSSNX's dividend yield for the trailing twelve months is around 1.07%, less than SMLF's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 1.07% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.16% | 1.14% | 1.33% | 1.13% | 1.23% | 1.07% | 1.33% | 1.39% | 1.17% | 0.93% | 0.78% | 0.79% |
Drawdowns
FSSNX vs. SMLF - Drawdown Comparison
The maximum FSSNX drawdown since its inception was -41.72%, roughly equal to the maximum SMLF drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for FSSNX and SMLF.
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Drawdown Indicators
| FSSNX | SMLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -41.89% | +0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -14.59% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.87% | -26.28% | -5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -41.72% | -41.89% | +0.17% |
Current DrawdownCurrent decline from peak | -7.94% | -4.98% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -6.68% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.40% | +0.31% |
Volatility
FSSNX vs. SMLF - Volatility Comparison
Fidelity Small Cap Index Fund (FSSNX) has a higher volatility of 7.52% compared to iShares MSCI USA Small-Cap Multifactor ETF (SMLF) at 7.01%. This indicates that FSSNX's price experiences larger fluctuations and is considered to be riskier than SMLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSSNX | SMLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 7.01% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 13.38% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 22.68% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 21.13% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.41% | 21.74% | +1.67% |