Correlation
The correlation between FSST and FSKAX 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.
FSST vs. FSKAX
Compare and contrast key facts about Fidelity Sustainability U.S. Equity ETF (FSST) and Fidelity Total Market Index Fund (FSKAX).
FSST is a passively managed fund by Fidelity that tracks the performance of the Russell 3000. It was launched on Jun 15, 2021. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSST or FSKAX.
Performance
FSST vs. FSKAX - Performance Comparison
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Key characteristics
FSST:
0.34
FSKAX:
0.69
FSST:
0.52
FSKAX:
1.00
FSST:
1.07
FSKAX:
1.14
FSST:
0.25
FSKAX:
0.64
FSST:
0.82
FSKAX:
2.39
FSST:
6.68%
FSKAX:
5.20%
FSST:
21.14%
FSKAX:
20.16%
FSST:
-26.30%
FSKAX:
-35.01%
FSST:
-6.76%
FSKAX:
-3.94%
Returns By Period
In the year-to-date period, FSST achieves a -2.47% return, which is significantly lower than FSKAX's 0.53% return.
FSST
-2.47%
6.72%
-5.99%
7.05%
12.40%
N/A
N/A
FSKAX
0.53%
6.40%
-2.49%
13.87%
13.74%
15.26%
12.12%
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FSST vs. FSKAX - Expense Ratio Comparison
FSST has a 0.59% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Risk-Adjusted Performance
FSST vs. FSKAX — Risk-Adjusted Performance Rank
FSST
FSKAX
FSST vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) and Fidelity Total Market Index Fund (FSKAX). 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.
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Dividends
FSST vs. FSKAX - Dividend Comparison
FSST's dividend yield for the trailing twelve months is around 2.00%, more than FSKAX's 1.09% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FSST Fidelity Sustainability U.S. Equity ETF | 2.00% | 2.01% | 0.68% | 1.00% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.33% | 2.43% | 2.49% | 1.63% |
Drawdowns
FSST vs. FSKAX - Drawdown Comparison
The maximum FSST drawdown since its inception was -26.30%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FSST and FSKAX.
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Volatility
FSST vs. FSKAX - Volatility Comparison
Fidelity Sustainability U.S. Equity ETF (FSST) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 5.08% and 4.92%, 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.
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