FZIPX vs. OSMAX
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Invesco International Small-Mid Company Fund (OSMAX).
FZIPX is managed by Fidelity. OSMAX is managed by Invesco. It was launched on Nov 16, 1997.
Performance
FZIPX vs. OSMAX - Performance Comparison
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FZIPX vs. OSMAX - 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% |
OSMAX Invesco International Small-Mid Company Fund | -6.85% | 16.81% | -6.57% | 12.33% | -31.19% | 13.64% | 24.76% | 19.33% | -16.96% |
Returns By Period
In the year-to-date period, FZIPX achieves a -1.78% return, which is significantly higher than OSMAX's -6.85% return.
FZIPX
- 1D
- -1.26%
- 1M
- -8.55%
- YTD
- -1.78%
- 6M
- 0.33%
- 1Y
- 18.79%
- 3Y*
- 12.32%
- 5Y*
- 5.14%
- 10Y*
- —
OSMAX
- 1D
- 0.06%
- 1M
- -10.14%
- YTD
- -6.85%
- 6M
- -6.85%
- 1Y
- 6.02%
- 3Y*
- 2.00%
- 5Y*
- -1.61%
- 10Y*
- 5.44%
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FZIPX vs. OSMAX - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than OSMAX's 1.33% expense ratio.
Return for Risk
FZIPX vs. OSMAX — Risk / Return Rank
FZIPX
OSMAX
FZIPX vs. OSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) and Invesco International Small-Mid Company Fund (OSMAX). 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 | OSMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.33 | +0.52 |
Sortino ratioReturn per unit of downside risk | 1.33 | 0.57 | +0.76 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.07 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.08 | +1.07 |
Martin ratioReturn relative to average drawdown | 4.98 | 0.27 | +4.71 |
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 | OSMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.33 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | -0.09 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.51 | -0.17 |
Correlation
The correlation between FZIPX and OSMAX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FZIPX vs. OSMAX - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.27%, less than OSMAX's 21.61% 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% |
OSMAX Invesco International Small-Mid Company Fund | 21.61% | 20.13% | 10.49% | 2.36% | 0.28% | 10.00% | 8.13% | 0.37% | 10.95% | 2.95% | 0.15% | 0.07% |
Drawdowns
FZIPX vs. OSMAX - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, smaller than the maximum OSMAX drawdown of -78.32%. Use the drawdown chart below to compare losses from any high point for FZIPX and OSMAX.
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Drawdown Indicators
| FZIPX | OSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -78.32% | +35.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -12.10% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -44.11% | +15.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.11% | — |
Current DrawdownCurrent decline from peak | -9.61% | -24.58% | +14.97% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -19.07% | +9.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.54% | -0.23% |
Volatility
FZIPX vs. OSMAX - Volatility Comparison
Fidelity ZERO Extended Market Index Fund (FZIPX) has a higher volatility of 6.41% compared to Invesco International Small-Mid Company Fund (OSMAX) at 5.64%. This indicates that FZIPX's price experiences larger fluctuations and is considered to be riskier than OSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZIPX | OSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 5.64% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 9.99% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 15.37% | +6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 17.89% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 17.06% | +6.89% |