FZFLX vs. FSMAX
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Fidelity Extended Market Index Fund (FSMAX).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZFLX or FSMAX.
Correlation
The correlation between FZFLX and FSMAX is 0.97, 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.
Performance
FZFLX vs. FSMAX - Performance Comparison
Key characteristics
FZFLX:
0.73
FSMAX:
1.04
FZFLX:
1.09
FSMAX:
1.51
FZFLX:
1.13
FSMAX:
1.19
FZFLX:
1.20
FSMAX:
1.00
FZFLX:
3.43
FSMAX:
5.53
FZFLX:
3.28%
FSMAX:
3.38%
FZFLX:
15.42%
FSMAX:
18.05%
FZFLX:
-42.04%
FSMAX:
-41.67%
FZFLX:
-8.35%
FSMAX:
-6.55%
Returns By Period
In the year-to-date period, FZFLX achieves a 11.24% return, which is significantly lower than FSMAX's 18.78% return.
FZFLX
11.24%
-7.03%
8.40%
11.24%
9.73%
N/A
FSMAX
18.78%
-4.87%
16.13%
18.72%
10.18%
9.57%
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FZFLX vs. FSMAX - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is higher than FSMAX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FZFLX vs. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) 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
FZFLX vs. FSMAX - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 1.00%, while FSMAX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 1.00% | 1.49% | 1.99% | 2.00% | 1.20% | 3.48% | 1.69% | 1.04% | 0.81% | 1.21% | 0.00% | 0.00% |
FSMAX Fidelity Extended Market Index Fund | 0.00% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% | 4.09% |
Drawdowns
FZFLX vs. FSMAX - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.04%, roughly equal to the maximum FSMAX drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for FZFLX and FSMAX. For additional features, visit the drawdowns tool.
Volatility
FZFLX vs. FSMAX - Volatility Comparison
The current volatility for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) is 4.81%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 5.77%. This indicates that FZFLX 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.