FZFLX vs. IVOO
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Vanguard S&P Mid-Cap 400 ETF (IVOO).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. IVOO is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Index. It was launched on Sep 7, 2010.
Performance
FZFLX vs. IVOO - Performance Comparison
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FZFLX vs. IVOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 7.81% | 10.76% | 15.52% | 17.75% | -15.62% | 20.40% | 19.78% | 31.96% | -9.25% | 18.41% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 3.39% | 7.47% | 13.77% | 16.45% | -13.17% | 24.61% | 13.61% | 26.18% | -11.33% | 16.38% |
Returns By Period
In the year-to-date period, FZFLX achieves a 7.81% return, which is significantly higher than IVOO's 3.39% return. Over the past 10 years, FZFLX has outperformed IVOO with an annualized return of 12.08%, while IVOO has yielded a comparatively lower 10.53% annualized return.
FZFLX
- 1D
- 5.00%
- 1M
- -6.21%
- YTD
- 7.81%
- 6M
- 9.60%
- 1Y
- 26.35%
- 3Y*
- 16.05%
- 5Y*
- 8.15%
- 10Y*
- 12.08%
IVOO
- 1D
- 0.80%
- 1M
- -5.35%
- YTD
- 3.39%
- 6M
- 4.77%
- 1Y
- 17.69%
- 3Y*
- 12.35%
- 5Y*
- 6.72%
- 10Y*
- 10.53%
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FZFLX vs. IVOO - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is lower than IVOO's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FZFLX vs. IVOO — Risk / Return Rank
FZFLX
IVOO
FZFLX vs. IVOO - 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 Vanguard S&P Mid-Cap 400 ETF (IVOO). 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 | IVOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 0.84 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.32 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.30 | +0.43 |
Martin ratioReturn relative to average drawdown | 7.43 | 5.58 | +1.85 |
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 | IVOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.84 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.34 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.50 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.59 | -0.05 |
Correlation
The correlation between FZFLX and IVOO 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.
Dividends
FZFLX vs. IVOO - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 53.58%, more than IVOO's 1.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 53.58% | 57.77% | 10.20% | 2.35% | 79.79% | 50.77% | 7.19% | 6.49% | 7.69% | 1.68% | 0.93% | 0.67% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.31% | 1.35% | 1.30% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% |
Drawdowns
FZFLX vs. IVOO - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.03%, roughly equal to the maximum IVOO drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for FZFLX and IVOO.
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Drawdown Indicators
| FZFLX | IVOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.03% | -42.33% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -14.17% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | -24.22% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -42.03% | -42.33% | +0.30% |
Current DrawdownCurrent decline from peak | -6.21% | -5.35% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -5.31% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.29% | +0.09% |
Volatility
FZFLX vs. IVOO - Volatility Comparison
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 11.32% compared to Vanguard S&P Mid-Cap 400 ETF (IVOO) at 6.46%. This indicates that FZFLX's price experiences larger fluctuations and is considered to be riskier than IVOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZFLX | IVOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.32% | 6.46% | +4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 11.93% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.32% | 21.23% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 19.73% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 21.16% | -0.25% |