FZIPX vs. FSSMX
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity Stock Selector Mid Cap Fund (FSSMX).
FZIPX is managed by Fidelity. FSSMX is managed by Fidelity. It was launched on Feb 20, 1996.
Performance
FZIPX vs. FSSMX - Performance Comparison
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FZIPX vs. FSSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | -1.78% | 12.51% | 12.39% | 18.13% | -18.01% | 21.31% | 16.64% | 26.50% | -17.57% |
FSSMX Fidelity Stock Selector Mid Cap Fund | 1.06% | 2.35% | 12.50% | 17.16% | -13.90% | 23.25% | 13.03% | 29.57% | -16.06% |
Returns By Period
In the year-to-date period, FZIPX achieves a -1.78% return, which is significantly lower than FSSMX's 1.06% return.
FZIPX
- 1D
- -1.26%
- 1M
- -8.55%
- YTD
- -1.78%
- 6M
- 0.33%
- 1Y
- 18.79%
- 3Y*
- 12.32%
- 5Y*
- 5.14%
- 10Y*
- —
FSSMX
- 1D
- -0.85%
- 1M
- -7.85%
- YTD
- 1.06%
- 6M
- -3.36%
- 1Y
- 8.27%
- 3Y*
- 9.03%
- 5Y*
- 5.11%
- 10Y*
- 9.95%
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FZIPX vs. FSSMX - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than FSSMX's 0.79% expense ratio.
Return for Risk
FZIPX vs. FSSMX — Risk / Return Rank
FZIPX
FSSMX
FZIPX vs. FSSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity Stock Selector Mid Cap Fund (FSSMX). 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 | FSSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.38 | +0.48 |
Sortino ratioReturn per unit of downside risk | 1.33 | 0.66 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.41 | +0.74 |
Martin ratioReturn relative to average drawdown | 4.98 | 1.56 | +3.42 |
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 | FSSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.38 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.25 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.54 | -0.21 |
Correlation
The correlation between FZIPX and FSSMX 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
FZIPX vs. FSSMX - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.27%, while FSSMX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.27% | 1.24% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% |
FSSMX Fidelity Stock Selector Mid Cap Fund | 0.00% | 0.00% | 3.10% | 0.78% | 9.73% | 12.87% | 2.31% | 4.03% | 21.01% | 4.12% | 0.92% | 1.84% |
Drawdowns
FZIPX vs. FSSMX - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, roughly equal to the maximum FSSMX drawdown of -43.37%. Use the drawdown chart below to compare losses from any high point for FZIPX and FSSMX.
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Drawdown Indicators
| FZIPX | FSSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -43.37% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -14.29% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -24.00% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.37% | — |
Current DrawdownCurrent decline from peak | -9.61% | -8.82% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -5.13% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.77% | -0.46% |
Volatility
FZIPX vs. FSSMX - Volatility Comparison
Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity Stock Selector Mid Cap Fund (FSSMX) have volatilities of 6.41% and 6.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZIPX | FSSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 6.41% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 14.69% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 22.71% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 20.23% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 21.08% | +2.87% |