IFPUX vs. FSKAX
Compare and contrast key facts about Independent Franchise Part Equity Fund (IFPUX) and Fidelity Total Market Index Fund (FSKAX).
IFPUX is managed by Independent Franchise Partners. It was launched on Dec 20, 2011. FSKAX is managed by Fidelity.
Performance
IFPUX vs. FSKAX - Performance Comparison
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IFPUX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFPUX Independent Franchise Part Equity Fund | -9.57% | 28.47% | 21.80% | 21.19% | -10.77% | 16.17% | 19.09% | 35.20% | -7.11% | 15.64% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, IFPUX achieves a -9.57% return, which is significantly lower than FSKAX's -6.77% return. Both investments have delivered pretty close results over the past 10 years, with IFPUX having a 12.61% annualized return and FSKAX not far ahead at 13.23%.
IFPUX
- 1D
- 1.23%
- 1M
- -8.23%
- YTD
- -9.57%
- 6M
- -5.73%
- 1Y
- 7.17%
- 3Y*
- 16.45%
- 5Y*
- 10.43%
- 10Y*
- 12.61%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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IFPUX vs. FSKAX - Expense Ratio Comparison
IFPUX has a 0.68% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
IFPUX vs. FSKAX — Risk / Return Rank
IFPUX
FSKAX
IFPUX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Independent Franchise Part Equity Fund (IFPUX) and Fidelity Total Market Index Fund (FSKAX). 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.
| IFPUX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.83 | -0.28 |
Sortino ratioReturn per unit of downside risk | 0.85 | 1.29 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.04 | -0.47 |
Martin ratioReturn relative to average drawdown | 1.91 | 5.05 | -3.14 |
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
| IFPUX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.83 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.59 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.72 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.78 | -0.02 |
Correlation
The correlation between IFPUX and FSKAX is 0.81, 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
IFPUX vs. FSKAX - Dividend Comparison
IFPUX's dividend yield for the trailing twelve months is around 10.85%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFPUX Independent Franchise Part Equity Fund | 10.85% | 9.81% | 20.93% | 8.24% | 16.77% | 5.50% | 12.63% | 11.08% | 8.13% | 1.35% | 3.74% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
IFPUX vs. FSKAX - Drawdown Comparison
The maximum IFPUX drawdown since its inception was -27.73%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for IFPUX and FSKAX.
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Drawdown Indicators
| IFPUX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.73% | -35.01% | +7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -12.42% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -25.39% | +3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -27.73% | -35.01% | +7.28% |
Current DrawdownCurrent decline from peak | -11.08% | -8.92% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -4.05% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.57% | +1.10% |
Volatility
IFPUX vs. FSKAX - Volatility Comparison
The current volatility for Independent Franchise Part Equity Fund (IFPUX) is 3.42%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. This indicates that IFPUX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFPUX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 4.42% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 9.40% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.95% | 18.50% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.30% | 17.38% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 18.42% | -1.35% |