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

Correlation

The correlation between FSSNX and SPY 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FSSNX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Small Cap Index Fund (FSSNX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

200.00%300.00%400.00%500.00%600.00%NovemberDecember2025FebruaryMarchApril
210.38%
492.27%
FSSNX
SPY

Key characteristics

Sharpe Ratio

FSSNX:

-0.03

SPY:

0.51

Sortino Ratio

FSSNX:

0.13

SPY:

0.86

Omega Ratio

FSSNX:

1.02

SPY:

1.13

Calmar Ratio

FSSNX:

-0.03

SPY:

0.55

Martin Ratio

FSSNX:

-0.09

SPY:

2.26

Ulcer Index

FSSNX:

8.60%

SPY:

4.55%

Daily Std Dev

FSSNX:

24.31%

SPY:

20.08%

Max Drawdown

FSSNX:

-44.52%

SPY:

-55.19%

Current Drawdown

FSSNX:

-19.33%

SPY:

-9.89%

Returns By Period

In the year-to-date period, FSSNX achieves a -11.85% return, which is significantly lower than SPY's -5.76% return. Over the past 10 years, FSSNX has underperformed SPY with an annualized return of 4.73%, while SPY has yielded a comparatively higher 11.99% annualized return.


FSSNX

YTD

-11.85%

1M

-5.50%

6M

-10.63%

1Y

0.30%

5Y*

10.69%

10Y*

4.73%

SPY

YTD

-5.76%

1M

-3.16%

6M

-4.30%

1Y

10.76%

5Y*

15.96%

10Y*

11.99%

*Annualized

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FSSNX vs. SPY - Expense Ratio Comparison

FSSNX has a 0.03% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, 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 SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%
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%

Risk-Adjusted Performance

FSSNX vs. SPY — 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 2020
Overall Rank
The Sharpe Ratio Rank of FSSNX is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of FSSNX is 2222
Sortino Ratio Rank
The Omega Ratio Rank of FSSNX is 2121
Omega Ratio Rank
The Calmar Ratio Rank of FSSNX is 1919
Calmar Ratio Rank
The Martin Ratio Rank of FSSNX is 1919
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6161
Overall Rank
The Sharpe Ratio Rank of SPY is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5858
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6161
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6464
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
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. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Index Fund (FSSNX) and SPDR S&P 500 ETF (SPY). 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 -0.03, compared to the broader market-1.000.001.002.003.00
FSSNX: -0.03
SPY: 0.51
The chart of Sortino ratio for FSSNX, currently valued at 0.13, compared to the broader market-2.000.002.004.006.008.00
FSSNX: 0.13
SPY: 0.86
The chart of Omega ratio for FSSNX, currently valued at 1.02, compared to the broader market0.501.001.502.002.503.00
FSSNX: 1.02
SPY: 1.13
The chart of Calmar ratio for FSSNX, currently valued at -0.03, compared to the broader market0.002.004.006.008.0010.00
FSSNX: -0.03
SPY: 0.55
The chart of Martin ratio for FSSNX, currently valued at -0.09, compared to the broader market0.0010.0020.0030.0040.0050.00
FSSNX: -0.09
SPY: 2.26

The current FSSNX Sharpe Ratio is -0.03, which is lower than the SPY Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of FSSNX and SPY, 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-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.03
0.51
FSSNX
SPY

Dividends

FSSNX vs. SPY - Dividend Comparison

FSSNX's dividend yield for the trailing twelve months is around 1.16%, less than SPY's 1.30% yield.


TTM20242023202220212020201920182017201620152014
FSSNX
Fidelity Small Cap Index Fund
1.16%1.03%1.43%1.26%1.26%0.94%1.32%1.33%1.15%1.24%2.80%4.80%
SPY
SPDR S&P 500 ETF
1.30%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

FSSNX vs. SPY - Drawdown Comparison

The maximum FSSNX drawdown since its inception was -44.52%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSSNX and SPY. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-19.33%
-9.89%
FSSNX
SPY

Volatility

FSSNX vs. SPY - Volatility Comparison

The current volatility for Fidelity Small Cap Index Fund (FSSNX) is 14.21%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that FSSNX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
14.21%
15.12%
FSSNX
SPY