FZIPX vs. FZFLX
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX).
FZIPX is managed by Fidelity. FZFLX is managed by Fidelity. It was launched on Aug 12, 2015.
Performance
FZIPX vs. FZFLX - Performance Comparison
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FZIPX vs. FZFLX - 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% |
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% | -17.10% |
Returns By Period
In the year-to-date period, FZIPX achieves a -1.78% return, which is significantly lower than FZFLX's 2.68% return.
FZIPX
- 1D
- -1.26%
- 1M
- -8.55%
- YTD
- -1.78%
- 6M
- 0.33%
- 1Y
- 18.79%
- 3Y*
- 12.32%
- 5Y*
- 5.14%
- 10Y*
- —
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%
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FZIPX vs. FZFLX - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than FZFLX's 0.05% 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
FZIPX vs. FZFLX — Risk / Return Rank
FZIPX
FZFLX
FZIPX vs. FZFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX). 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 | FZFLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.90 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.36 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.25 | -0.10 |
Martin ratioReturn relative to average drawdown | 4.98 | 5.41 | -0.43 |
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 | FZFLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.90 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.36 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.51 | -0.18 |
Correlation
The correlation between FZIPX and FZFLX 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. FZFLX - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.27%, less than FZFLX's 56.26% yield.
| 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% |
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% |
Drawdowns
FZIPX vs. FZFLX - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, roughly equal to the maximum FZFLX drawdown of -42.03%. Use the drawdown chart below to compare losses from any high point for FZIPX and FZFLX.
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Drawdown Indicators
| FZIPX | FZFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -42.03% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -14.54% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -24.77% | -3.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.03% | — |
Current DrawdownCurrent decline from peak | -9.61% | -10.68% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -5.81% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.36% | -0.05% |
Volatility
FZIPX vs. FZFLX - Volatility Comparison
The current volatility for Fidelity ZERO Extended Market Index Fund (FZIPX) is 6.41%, while Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a volatility of 10.12%. This indicates that FZIPX experiences smaller price fluctuations and is considered to be less risky than FZFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZIPX | FZFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 10.12% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 15.61% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 23.87% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 20.66% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 20.85% | +3.10% |