FZFLX vs. FXAIX
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Fidelity 500 Index Fund (FXAIX).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZFLX or FXAIX.
Performance
FZFLX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, FZFLX achieves a 19.65% return, which is significantly lower than FXAIX's 26.70% return.
FZFLX
19.65%
7.40%
13.53%
32.85%
12.03%
N/A
FXAIX
26.70%
3.09%
13.28%
32.84%
15.78%
13.12%
Key characteristics
| FZFLX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 2.11 | 2.68 |
| Sortino Ratio | 2.90 | 3.58 |
| Omega Ratio | 1.36 | 1.50 |
| Calmar Ratio | 2.46 | 3.89 |
| Martin Ratio | 10.88 | 17.48 |
| Ulcer Index | 3.02% | 1.88% |
| Daily Std Dev | 15.59% | 12.24% |
| Max Drawdown | -42.04% | -33.79% |
| Current Drawdown | 0.00% | -0.46% |
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FZFLX vs. FXAIX - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is higher than FXAIX's 0.02% 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%.
Correlation
The correlation between FZFLX and FXAIX is 0.88, 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.
Risk-Adjusted Performance
FZFLX vs. FXAIX - 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 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 1.55%, more than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 1.55% | 1.49% | 1.99% | 2.00% | 1.20% | 3.48% | 1.69% | 1.04% | 0.81% | 1.21% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FZFLX vs. FXAIX - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.04%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FZFLX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FZFLX vs. FXAIX - Volatility Comparison
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 4.98% compared to Fidelity 500 Index Fund (FXAIX) at 3.96%. This indicates that FZFLX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.