FXAIX vs. FSSNX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity Small Cap Index Fund (FSSNX).
FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988. FSSNX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
FXAIX vs. FSSNX - Performance Comparison
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FXAIX vs. FSSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
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% |
Returns By Period
In the year-to-date period, FXAIX achieves a -4.34% return, which is significantly lower than FSSNX's 0.91% return. Over the past 10 years, FXAIX has outperformed FSSNX with an annualized return of 14.08%, while FSSNX has yielded a comparatively lower 9.90% annualized return.
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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%
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FXAIX vs. FSSNX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than FSSNX's 0.03% 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%.
Return for Risk
FXAIX vs. FSSNX — Risk / Return Rank
FXAIX
FSSNX
FXAIX vs. FSSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Fidelity Small Cap Index Fund (FSSNX). 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.
| FXAIX | FSSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.12 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.66 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.82 | -0.30 |
Martin ratioReturn relative to average drawdown | 7.30 | 6.80 | +0.50 |
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
| FXAIX | FSSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.12 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.16 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.42 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.49 | +0.27 |
Correlation
The correlation between FXAIX and FSSNX 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.
Dividends
FXAIX vs. FSSNX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.16%, more than FSSNX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
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% |
Drawdowns
FXAIX vs. FSSNX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum FSSNX drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for FXAIX and FSSNX.
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Drawdown Indicators
| FXAIX | FSSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -41.72% | +7.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -13.89% | +1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -31.87% | +7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -41.72% | +7.93% |
Current DrawdownCurrent decline from peak | -6.23% | -7.94% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -8.37% | +4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.71% | -1.18% |
Volatility
FXAIX vs. FSSNX - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 5.34%, while Fidelity Small Cap Index Fund (FSSNX) has a volatility of 7.52%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than FSSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | FSSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 7.52% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 14.52% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 23.30% | -4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 22.61% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 23.41% | -5.36% |