FXAIX vs. FSMAX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity Extended Market Index Fund (FSMAX).
FXAIX is managed by Fidelity. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXAIX or FSMAX.
Performance
FXAIX vs. FSMAX - Performance Comparison
Returns By Period
In the year-to-date period, FXAIX achieves a 25.57% return, which is significantly higher than FSMAX's 20.71% return. Over the past 10 years, FXAIX has outperformed FSMAX with an annualized return of 13.04%, while FSMAX has yielded a comparatively lower 10.10% annualized return.
FXAIX
25.57%
1.18%
12.23%
32.20%
15.59%
13.04%
FSMAX
20.71%
5.92%
14.83%
36.63%
11.51%
10.10%
Key characteristics
| FXAIX | FSMAX | |
|---|---|---|
| Sharpe Ratio | 2.61 | 1.98 |
| Sortino Ratio | 3.49 | 2.74 |
| Omega Ratio | 1.49 | 1.34 |
| Calmar Ratio | 3.78 | 1.41 |
| Martin Ratio | 17.01 | 11.10 |
| Ulcer Index | 1.88% | 3.19% |
| Daily Std Dev | 12.24% | 17.90% |
| Max Drawdown | -33.79% | -41.67% |
| Current Drawdown | -1.35% | -2.31% |
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FXAIX vs. FSMAX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than FSMAX's 0.04% 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%.
Correlation
The correlation between FXAIX and FSMAX is 0.88, 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. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Fidelity Extended Market Index Fund (FSMAX). 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. FSMAX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.23%, more than FSMAX's 0.88% 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% |
FSMAX Fidelity Extended Market Index Fund | 0.88% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% | 4.09% |
Drawdowns
FXAIX vs. FSMAX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum FSMAX drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for FXAIX and FSMAX. For additional features, visit the drawdowns tool.
Volatility
FXAIX vs. FSMAX - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 4.06%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 6.17%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.