FZIPX vs. MISIX
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Victory Trivalent International Small-Cap Fund Class I (MISIX).
FZIPX is managed by Fidelity. MISIX is managed by Victory.
Performance
FZIPX vs. MISIX - Performance Comparison
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FZIPX vs. MISIX - 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% |
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% | -18.93% |
Returns By Period
In the year-to-date period, FZIPX achieves a -1.78% return, which is significantly lower than MISIX's -0.70% return.
FZIPX
- 1D
- -1.26%
- 1M
- -8.55%
- YTD
- -1.78%
- 6M
- 0.33%
- 1Y
- 18.79%
- 3Y*
- 12.32%
- 5Y*
- 5.14%
- 10Y*
- —
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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FZIPX vs. MISIX - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than MISIX's 0.97% expense ratio.
Return for Risk
FZIPX vs. MISIX — Risk / Return Rank
FZIPX
MISIX
FZIPX vs. MISIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) 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.
| FZIPX | MISIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.97 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.33 | 2.54 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.24 | -1.08 |
Martin ratioReturn relative to average drawdown | 4.98 | 9.80 | -4.82 |
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 | MISIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.97 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.40 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.31 | +0.02 |
Correlation
The correlation between FZIPX and MISIX is 0.76, 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. MISIX - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.27%, less than MISIX's 6.09% 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% |
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
FZIPX vs. MISIX - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, smaller than the maximum MISIX drawdown of -67.61%. Use the drawdown chart below to compare losses from any high point for FZIPX and MISIX.
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Drawdown Indicators
| FZIPX | MISIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -67.61% | +24.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -13.84% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -37.69% | +9.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.82% | — |
Current DrawdownCurrent decline from peak | -9.61% | -13.84% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -16.99% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.16% | +0.15% |
Volatility
FZIPX vs. MISIX - Volatility Comparison
The current volatility for Fidelity ZERO Extended Market Index Fund (FZIPX) is 6.41%, while Victory Trivalent International Small-Cap Fund Class I (MISIX) has a volatility of 6.80%. This indicates that FZIPX experiences smaller price fluctuations and is considered to be less risky 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
| FZIPX | MISIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 6.80% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 11.32% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 16.62% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 17.68% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 17.78% | +6.17% |