FZFLX vs. FZIPX
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Fidelity ZERO Extended Market Index Fund (FZIPX).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. FZIPX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZFLX or FZIPX.
Key characteristics
| FZFLX | FZIPX | |
|---|---|---|
| YTD Return | 16.90% | 17.88% |
| 1Y Return | 35.66% | 38.32% |
| 3Y Return (Ann) | 4.00% | 2.71% |
| 5Y Return (Ann) | 11.70% | 10.96% |
| Sharpe Ratio | 2.19 | 2.01 |
| Sortino Ratio | 3.05 | 2.89 |
| Omega Ratio | 1.38 | 1.36 |
| Calmar Ratio | 1.93 | 1.64 |
| Martin Ratio | 11.66 | 11.30 |
| Ulcer Index | 2.99% | 3.30% |
| Daily Std Dev | 15.96% | 18.52% |
| Max Drawdown | -42.04% | -42.71% |
| Current Drawdown | 0.00% | -0.14% |
Correlation
The correlation between FZFLX and FZIPX is 0.98, 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. FZIPX - Performance Comparison
In the year-to-date period, FZFLX achieves a 16.90% return, which is significantly lower than FZIPX's 17.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FZFLX vs. FZIPX - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is higher than FZIPX's 0.00% 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. FZIPX - 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 ZERO Extended Market Index Fund (FZIPX). 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. FZIPX - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 1.59%, more than FZIPX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 1.59% | 1.49% | 1.99% | 2.00% | 1.20% | 3.48% | 1.69% | 1.04% | 0.81% | 1.21% |
FZIPX Fidelity ZERO Extended Market Index Fund | 1.21% | 1.43% | 1.64% | 1.23% | 1.24% | 1.26% | 0.50% | 0.00% | 0.00% | 0.00% |
Drawdowns
FZFLX vs. FZIPX - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.04%, roughly equal to the maximum FZIPX drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for FZFLX and FZIPX. For additional features, visit the drawdowns tool.
Volatility
FZFLX vs. FZIPX - Volatility Comparison
The current volatility for Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) is 4.58%, while Fidelity ZERO Extended Market Index Fund (FZIPX) has a volatility of 5.78%. This indicates that FZFLX experiences smaller price fluctuations and is considered to be less risky than FZIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.