FXAIX vs. IJR
FXAIX (Fidelity 500 Index Fund) and IJR (iShares Core S&P Small-Cap ETF) are both funds - FXAIX is a S&P 500 fund tracking the S&P 500 Index, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, FXAIX returned 15.44%/yr vs 11.16%/yr for IJR. Their correlation of 0.81 suggests significant overlap in exposure. FXAIX charges 0.02%/yr vs 0.06%/yr for IJR.
Performance
FXAIX vs. IJR - Performance Comparison
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Returns By Period
In the year-to-date period, FXAIX achieves a 8.59% return, which is significantly lower than IJR's 19.73% return. Over the past 10 years, FXAIX has outperformed IJR with an annualized return of 15.44%, while IJR has yielded a comparatively lower 11.16% annualized return.
FXAIX
- 1D
- 1.76%
- 1M
- -1.31%
- YTD
- 8.59%
- 6M
- 8.94%
- 1Y
- 25.18%
- 3Y*
- 21.06%
- 5Y*
- 13.34%
- 10Y*
- 15.44%
IJR
- 1D
- 0.97%
- 1M
- 5.53%
- YTD
- 19.73%
- 6M
- 16.47%
- 1Y
- 37.01%
- 3Y*
- 14.75%
- 5Y*
- 6.25%
- 10Y*
- 11.16%
FXAIX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 8.59% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
IJR iShares Core S&P Small-Cap ETF | 19.73% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Correlation
The correlation between FXAIX and IJR is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.81 |
The correlation between FXAIX and IJR has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
FXAIX vs. IJR — Risk / Return Rank
FXAIX
IJR
FXAIX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and iShares Core S&P Small-Cap ETF (IJR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FXAIX | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 3.97 | -1.23 |
| Martin ratioReturn relative to average drawdown | 12.46 | 13.35 | -0.90 |
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Drawdowns
FXAIX vs. IJR - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for FXAIX and IJR.
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Drawdown Indicators
| FXAIX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -58.15% | +24.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.68% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -28.02% | +9.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -28.02% | +3.52% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -44.36% | +10.57% |
Current DrawdownCurrent decline from peak | -2.79% | 0.00% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -9.27% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.59% | -0.64% |
Volatility
FXAIX vs. IJR - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 4.44%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 5.18%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 5.18% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 11.97% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 17.76% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 21.43% | -4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 22.92% | -4.82% |
FXAIX vs. IJR - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than IJR's 0.06% 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%.
Dividends
FXAIX vs. IJR - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.06%, less than IJR's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
IJR iShares Core S&P Small-Cap ETF | 1.11% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Frequently Asked Questions
FXAIX and IJR have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJR has higher volatility (5.18%) compared to FXAIX (4.44%). In terms of maximum drawdown, FXAIX dropped -33.79% vs IJR's -58.15%.
FXAIX currently has the higher Sharpe Ratio (1.97 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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