FXAIX vs. FSKAX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity Total Market Index Fund (FSKAX).
FXAIX is managed by Fidelity. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXAIX or FSKAX.
Performance
FXAIX vs. FSKAX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FXAIX having a 25.57% return and FSKAX slightly lower at 24.86%. Over the past 10 years, FXAIX has outperformed FSKAX with an annualized return of 13.04%, while FSKAX has yielded a comparatively lower 12.36% annualized return.
FXAIX
25.57%
1.18%
12.23%
32.20%
15.59%
13.04%
FSKAX
24.86%
1.79%
12.56%
32.80%
14.94%
12.36%
Key characteristics
| FXAIX | FSKAX | |
|---|---|---|
| Sharpe Ratio | 2.61 | 2.57 |
| Sortino Ratio | 3.49 | 3.44 |
| Omega Ratio | 1.49 | 1.47 |
| Calmar Ratio | 3.78 | 3.77 |
| Martin Ratio | 17.01 | 16.39 |
| Ulcer Index | 1.88% | 1.98% |
| Daily Std Dev | 12.24% | 12.61% |
| Max Drawdown | -33.79% | -35.01% |
| Current Drawdown | -1.35% | -1.48% |
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FXAIX vs. FSKAX - Expense Ratio Comparison
Both FXAIX and FSKAX have an expense ratio of 0.02%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between FXAIX and FSKAX is 0.99, 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
FXAIX vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) 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.
Dividends
FXAIX vs. FSKAX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.23%, more than FSKAX's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
FSKAX Fidelity Total Market Index Fund | 1.16% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
Drawdowns
FXAIX vs. FSKAX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, roughly equal to the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FXAIX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
FXAIX vs. FSKAX - Volatility Comparison
Fidelity 500 Index Fund (FXAIX) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 4.06% and 4.27%, 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.