FZFLX vs. AVEMX
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Ave Maria Value Fund (AVEMX).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. AVEMX is managed by Ave Maria Mutual Funds. It was launched on May 1, 2001.
Performance
FZFLX vs. AVEMX - Performance Comparison
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FZFLX vs. AVEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 2.68% | 10.76% | 15.52% | 17.75% | -15.62% | 20.40% | 19.78% | 31.96% | -9.25% | 18.41% |
AVEMX Ave Maria Value Fund | 7.40% | 2.82% | 21.43% | 3.49% | 4.19% | 25.15% | 6.20% | 20.51% | -8.70% | 17.75% |
Returns By Period
In the year-to-date period, FZFLX achieves a 2.68% return, which is significantly lower than AVEMX's 7.40% return. Both investments have delivered pretty close results over the past 10 years, with FZFLX having a 11.53% annualized return and AVEMX not far behind at 11.12%.
FZFLX
- 1D
- -2.75%
- 1M
- -9.45%
- YTD
- 2.68%
- 6M
- 4.85%
- 1Y
- 21.13%
- 3Y*
- 14.17%
- 5Y*
- 7.49%
- 10Y*
- 11.53%
AVEMX
- 1D
- -2.30%
- 1M
- -8.63%
- YTD
- 7.40%
- 6M
- 4.39%
- 1Y
- 5.29%
- 3Y*
- 12.84%
- 5Y*
- 9.04%
- 10Y*
- 11.12%
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FZFLX vs. AVEMX - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is lower than AVEMX's 0.97% expense ratio.
Return for Risk
FZFLX vs. AVEMX — Risk / Return Rank
FZFLX
AVEMX
FZFLX vs. AVEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Ave Maria Value Fund (AVEMX). 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.
| FZFLX | AVEMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.28 | +0.62 |
Sortino ratioReturn per unit of downside risk | 1.36 | 0.53 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.07 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.31 | +0.94 |
Martin ratioReturn relative to average drawdown | 5.41 | 0.76 | +4.65 |
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
| FZFLX | AVEMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.28 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.49 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.60 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.39 | +0.12 |
Correlation
The correlation between FZFLX and AVEMX is 0.86, 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
FZFLX vs. AVEMX - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 56.26%, more than AVEMX's 0.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 56.26% | 57.77% | 10.20% | 2.35% | 79.79% | 50.77% | 7.19% | 6.49% | 7.69% | 1.68% | 0.93% | 0.67% |
AVEMX Ave Maria Value Fund | 0.31% | 0.34% | 8.81% | 4.42% | 1.15% | 8.07% | 3.57% | 5.27% | 10.76% | 7.84% | 0.00% | 0.12% |
Drawdowns
FZFLX vs. AVEMX - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.03%, smaller than the maximum AVEMX drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for FZFLX and AVEMX.
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Drawdown Indicators
| FZFLX | AVEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.03% | -59.76% | +17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -13.42% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | -18.64% | -6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -42.03% | -39.76% | -2.27% |
Current DrawdownCurrent decline from peak | -10.68% | -9.20% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -8.63% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 5.51% | -2.15% |
Volatility
FZFLX vs. AVEMX - Volatility Comparison
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 10.12% compared to Ave Maria Value Fund (AVEMX) at 5.17%. This indicates that FZFLX's price experiences larger fluctuations and is considered to be riskier than AVEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZFLX | AVEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.12% | 5.17% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 13.14% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.87% | 20.99% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.66% | 18.44% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 18.46% | +2.39% |