FZFLX vs. VMCPX
Compare and contrast key facts about Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) and Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX).
FZFLX is managed by Fidelity. It was launched on Aug 12, 2015. VMCPX is managed by Vanguard. It was launched on Dec 15, 2010.
Performance
FZFLX vs. VMCPX - Performance Comparison
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FZFLX vs. VMCPX - 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% |
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares | -2.79% | 11.70% | 14.68% | 16.55% | -18.68% | 24.54% | 18.20% | 31.06% | -9.23% | 19.28% |
Returns By Period
In the year-to-date period, FZFLX achieves a 2.68% return, which is significantly higher than VMCPX's -2.79% return. Over the past 10 years, FZFLX has outperformed VMCPX with an annualized return of 11.53%, while VMCPX has yielded a comparatively lower 10.44% 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%
VMCPX
- 1D
- -0.66%
- 1M
- -7.87%
- YTD
- -2.79%
- 6M
- -3.58%
- 1Y
- 10.32%
- 3Y*
- 11.80%
- 5Y*
- 6.52%
- 10Y*
- 10.44%
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FZFLX vs. VMCPX - Expense Ratio Comparison
FZFLX has a 0.05% expense ratio, which is higher than VMCPX'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%.
Return for Risk
FZFLX vs. VMCPX — Risk / Return Rank
FZFLX
VMCPX
FZFLX vs. VMCPX - 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 Mid-Cap Index Fund Institutional Plus Shares (VMCPX). 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 | VMCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.63 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.36 | 0.99 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.73 | +0.52 |
Martin ratioReturn relative to average drawdown | 5.41 | 3.40 | +2.01 |
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 | VMCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.63 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.37 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.55 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.59 | -0.07 |
Correlation
The correlation between FZFLX and VMCPX is 0.96, 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. VMCPX - Dividend Comparison
FZFLX's dividend yield for the trailing twelve months is around 56.26%, more than VMCPX's 1.55% 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% |
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares | 1.55% | 1.53% | 1.50% | 1.52% | 1.61% | 1.13% | 1.45% | 1.49% | 1.84% | 1.37% | 1.47% | 1.50% |
Drawdowns
FZFLX vs. VMCPX - Drawdown Comparison
The maximum FZFLX drawdown since its inception was -42.03%, which is greater than VMCPX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for FZFLX and VMCPX.
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Drawdown Indicators
| FZFLX | VMCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.03% | -39.30% | -2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -12.77% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | -27.54% | +2.77% |
Max Drawdown (10Y)Largest decline over 10 years | -42.03% | -39.30% | -2.73% |
Current DrawdownCurrent decline from peak | -10.68% | -8.13% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -5.26% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 2.74% | +0.62% |
Volatility
FZFLX vs. VMCPX - Volatility Comparison
Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a higher volatility of 10.12% compared to Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) at 4.23%. This indicates that FZFLX's price experiences larger fluctuations and is considered to be riskier than VMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZFLX | VMCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.12% | 4.23% | +5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 9.43% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.87% | 17.58% | +6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.66% | 17.63% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 18.90% | +1.95% |