FZFLX vs. MISIX
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Victory Trivalent International Small-Cap Fund Class I (MISIX).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. MISIX is managed by Victory.
Performance
FZFLX vs. MISIX - Performance Comparison
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FZFLX vs. MISIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 2.68% | 10.76% | 15.52% | 17.75% | -15.62% | 20.40% | 19.78% | 31.96% | -9.25% | 18.41% |
MISIX Victory Trivalent International Small-Cap Fund Class I | -0.70% | 42.00% | 4.70% | 15.49% | -23.13% | 12.41% | 15.42% | 27.88% | -20.20% | 37.14% |
Returns By Period
In the year-to-date period, FZFLX achieves a 2.68% return, which is significantly higher than MISIX's -0.70% return. Over the past 10 years, FZFLX has outperformed MISIX with an annualized return of 11.53%, while MISIX has yielded a comparatively lower 9.25% annualized return.
FZFLX
- 1D
- -2.75%
- 1M
- -9.45%
- YTD
- 2.68%
- 6M
- 4.85%
- 1Y
- 21.13%
- 3Y*
- 14.17%
- 5Y*
- 7.49%
- 10Y*
- 11.53%
MISIX
- 1D
- -0.60%
- 1M
- -13.84%
- YTD
- -0.70%
- 6M
- 4.64%
- 1Y
- 33.88%
- 3Y*
- 16.76%
- 5Y*
- 7.07%
- 10Y*
- 9.25%
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FZFLX vs. MISIX - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is lower than MISIX's 0.97% expense ratio.
Return for Risk
FZFLX vs. MISIX — Risk / Return Rank
FZFLX
MISIX
FZFLX vs. MISIX - 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 Victory Trivalent International Small-Cap Fund Class I (MISIX). 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 | MISIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.97 | -1.07 |
Sortino ratioReturn per unit of downside risk | 1.36 | 2.54 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.24 | -0.99 |
Martin ratioReturn relative to average drawdown | 5.41 | 9.80 | -4.39 |
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 | MISIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.97 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.40 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.52 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.31 | +0.20 |
Correlation
The correlation between FZFLX and MISIX is 0.74, 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. MISIX - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 56.26%, more than MISIX's 6.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 56.26% | 57.77% | 10.20% | 2.35% | 79.79% | 50.77% | 7.19% | 6.49% | 7.69% | 1.68% | 0.93% | 0.67% |
MISIX Victory Trivalent International Small-Cap Fund Class I | 6.09% | 6.05% | 2.27% | 1.90% | 1.12% | 8.61% | 0.41% | 1.99% | 3.59% | 1.85% | 1.56% | 1.21% |
Drawdowns
FZFLX vs. MISIX - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.03%, smaller than the maximum MISIX drawdown of -67.61%. Use the drawdown chart below to compare losses from any high point for FZFLX and MISIX.
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Drawdown Indicators
| FZFLX | MISIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.03% | -67.61% | +25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -13.84% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | -37.69% | +12.92% |
Max Drawdown (10Y)Largest decline over 10 years | -42.03% | -41.82% | -0.21% |
Current DrawdownCurrent decline from peak | -10.68% | -13.84% | +3.16% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -16.99% | +11.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.16% | +0.20% |
Volatility
FZFLX vs. MISIX - Volatility Comparison
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 10.12% compared to Victory Trivalent International Small-Cap Fund Class I (MISIX) at 6.80%. This indicates that FZFLX's price experiences larger fluctuations and is considered to be riskier than MISIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZFLX | MISIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.12% | 6.80% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 11.32% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.87% | 16.62% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.66% | 17.68% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 17.78% | +3.07% |