FZFLX vs. FSMDX
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Fidelity Mid Cap Index Fund (FSMDX).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZFLX or FSMDX.
Correlation
The correlation between FZFLX and FSMDX is 0.87, 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. FSMDX - Performance Comparison
Key characteristics
FZFLX:
-0.24
FSMDX:
0.28
FZFLX:
-0.20
FSMDX:
0.53
FZFLX:
0.97
FSMDX:
1.07
FZFLX:
-0.08
FSMDX:
0.26
FZFLX:
-0.69
FSMDX:
0.95
FZFLX:
7.65%
FSMDX:
5.65%
FZFLX:
21.95%
FSMDX:
19.45%
FZFLX:
-70.34%
FSMDX:
-40.35%
FZFLX:
-63.56%
FSMDX:
-12.01%
Returns By Period
In the year-to-date period, FZFLX achieves a -8.62% return, which is significantly lower than FSMDX's -5.30% return.
FZFLX
-8.62%
-5.05%
-9.29%
-5.00%
-8.77%
N/A
FSMDX
-5.30%
-3.79%
-4.84%
5.47%
13.73%
8.61%
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FZFLX vs. FSMDX - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is higher than FSMDX's 0.03% 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. FSMDX — Risk-Adjusted Performance Rank
FZFLX
FSMDX
FZFLX vs. FSMDX - 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 Mid Cap Index Fund (FSMDX). 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. FSMDX - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 2.02%, less than FSMDX's 2.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 2.02% | 1.85% | 1.49% | 1.99% | 2.00% | 1.20% | 3.48% | 1.69% | 1.04% | 0.81% | 1.21% | 0.00% |
FSMDX Fidelity Mid Cap Index Fund | 2.45% | 2.32% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.68% | 3.82% |
Drawdowns
FZFLX vs. FSMDX - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -70.34%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FZFLX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
FZFLX vs. FSMDX - Volatility Comparison
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 15.28% compared to Fidelity Mid Cap Index Fund (FSMDX) at 13.91%. This indicates that FZFLX's price experiences larger fluctuations and is considered to be riskier than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.