FZIPX vs. FRSGX
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Franklin Small-Mid Cap Growth Fund (FRSGX).
FZIPX is managed by Fidelity. FRSGX is managed by Franklin Templeton. It was launched on Feb 14, 1992.
Performance
FZIPX vs. FRSGX - Performance Comparison
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FZIPX vs. FRSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.65% | 12.51% | 12.39% | 18.13% | -18.01% | 21.31% | 16.64% | 26.50% | -17.57% |
FRSGX Franklin Small-Mid Cap Growth Fund | -4.33% | 2.83% | 11.36% | 27.20% | -33.84% | 50.07% | 56.09% | 31.98% | -16.38% |
Returns By Period
In the year-to-date period, FZIPX achieves a 1.65% return, which is significantly higher than FRSGX's -4.33% return.
FZIPX
- 1D
- 3.50%
- 1M
- -5.93%
- YTD
- 1.65%
- 6M
- 3.63%
- 1Y
- 22.46%
- 3Y*
- 13.62%
- 5Y*
- 5.55%
- 10Y*
- —
FRSGX
- 1D
- 3.34%
- 1M
- -6.32%
- YTD
- -4.33%
- 6M
- -7.06%
- 1Y
- 6.94%
- 3Y*
- 8.03%
- 5Y*
- 6.19%
- 10Y*
- 13.41%
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FZIPX vs. FRSGX - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than FRSGX's 0.85% expense ratio.
Return for Risk
FZIPX vs. FRSGX — Risk / Return Rank
FZIPX
FRSGX
FZIPX vs. FRSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) and Franklin Small-Mid Cap Growth Fund (FRSGX). 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.
| FZIPX | FRSGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.36 | +0.68 |
Sortino ratioReturn per unit of downside risk | 1.57 | 0.67 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.09 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.38 | +1.23 |
Martin ratioReturn relative to average drawdown | 6.88 | 1.28 | +5.60 |
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
| FZIPX | FRSGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.36 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.22 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.47 | -0.12 |
Correlation
The correlation between FZIPX and FRSGX is 0.84, 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
FZIPX vs. FRSGX - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.22%, less than FRSGX's 8.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.22% | 1.24% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% |
FRSGX Franklin Small-Mid Cap Growth Fund | 8.53% | 8.16% | 0.00% | 0.00% | 6.80% | 41.15% | 8.84% | 18.91% | 14.01% | 8.78% | 6.68% | 9.71% |
Drawdowns
FZIPX vs. FRSGX - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, smaller than the maximum FRSGX drawdown of -69.07%. Use the drawdown chart below to compare losses from any high point for FZIPX and FRSGX.
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Drawdown Indicators
| FZIPX | FRSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -69.07% | +26.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -13.80% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -39.25% | +11.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.25% | — |
Current DrawdownCurrent decline from peak | -6.45% | -9.46% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -18.78% | +9.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 4.05% | -0.71% |
Volatility
FZIPX vs. FRSGX - Volatility Comparison
Fidelity ZERO Extended Market Index Fund (FZIPX) has a higher volatility of 7.43% compared to Franklin Small-Mid Cap Growth Fund (FRSGX) at 6.69%. This indicates that FZIPX's price experiences larger fluctuations and is considered to be riskier than FRSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZIPX | FRSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 6.69% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 12.51% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.29% | 22.23% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 28.43% | -7.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.98% | 25.03% | -1.05% |