XJH vs. FZIPX

Last updated Jun 3, 2026

XJH (iShares ESG Screened S&P Mid-Cap ETF) and FZIPX (Fidelity ZERO Extended Market Index Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, XJH returned 7.71%/yr vs 7.43%/yr for FZIPX. With a 0.97 correlation, they move nearly in lockstep. XJH charges 0.12%/yr vs 0.00%/yr for FZIPX.

Performance

XJH vs. FZIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Screened S&P Mid-Cap ETF (XJH) and Fidelity ZERO Extended Market Index Fund (FZIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XJH achieves a 13.92% return, which is significantly lower than FZIPX's 15.53% return.

XJH

• 1D: 0.71%
• 1M: 3.61%
• YTD: 13.92%
• 6M: 15.21%
• 1Y: 27.80%
• 3Y*: 15.81%
• 5Y*: 7.71%
• 10Y*: —

FZIPX

• 1D: -0.06%
• 1M: 2.76%
• YTD: 15.53%
• 6M: 16.69%
• 1Y: 34.94%
• 3Y*: 18.21%
• 5Y*: 7.43%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XJH vs. FZIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XJH iShares ESG Screened S&P Mid-Cap ETF	13.92%	8.12%	12.27%	16.74%	-14.36%	23.43%	29.59%
FZIPX Fidelity ZERO Extended Market Index Fund	15.53%	12.51%	12.39%	18.13%	-18.01%	21.31%	31.04%

Correlation

The correlation between XJH and FZIPX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020	0.97

The correlation between XJH and FZIPX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

XJH vs. FZIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XJH

XJH Risk / Return Rank: 52
XJH Sharpe Ratio Rank: 49
XJH Sortino Ratio Rank: 51
XJH Omega Ratio Rank: 46
XJH Calmar Ratio Rank: 57
XJH Martin Ratio Rank: 59

FZIPX

FZIPX Risk / Return Rank: 57
FZIPX Sharpe Ratio Rank: 48
FZIPX Sortino Ratio Rank: 47
FZIPX Omega Ratio Rank: 42
FZIPX Calmar Ratio Rank: 78
FZIPX Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XJH vs. FZIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Screened S&P Mid-Cap ETF (XJH) and Fidelity ZERO Extended Market Index Fund (FZIPX). 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.

	XJH	FZIPX	Difference
Sharpe ratio Return per unit of total volatility	1.72	2.05	-0.33
Sortino ratio Return per unit of downside risk	2.50	2.88	-0.38
Omega ratio Gain probability vs. loss probability	1.30	1.35	-0.05
Calmar ratio Return relative to maximum drawdown	2.87	3.57	-0.70
Martin ratio Return relative to average drawdown	10.59	13.64	-3.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XJH vs. FZIPX - Sharpe Ratio Comparison

The current XJH Sharpe Ratio is 1.72, which is comparable to the FZIPX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of XJH and FZIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XJH	FZIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.05	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.36	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.42	+0.33

Drawdowns

XJH vs. FZIPX - Drawdown Comparison

The maximum XJH drawdown since its inception was -25.07%, smaller than the maximum FZIPX drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for XJH and FZIPX.

Drawdown Indicators

	XJH	FZIPX	Difference
Max Drawdown Largest peak-to-trough decline	-25.07%	-42.71%	+17.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-9.61%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-24.56%	-25.16%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-25.07%	-28.19%	+3.12%
Current Drawdown Current decline from peak	0.00%	-0.29%	+0.29%
Average Drawdown Average peak-to-trough decline	-6.83%	-8.92%	+2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.52%	+0.09%

Volatility

XJH vs. FZIPX - Volatility Comparison

iShares ESG Screened S&P Mid-Cap ETF (XJH) has a higher volatility of 4.74% compared to Fidelity ZERO Extended Market Index Fund (FZIPX) at 4.23%. This indicates that XJH's price experiences larger fluctuations and is considered to be riskier than FZIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XJH	FZIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	4.23%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	11.90%	12.40%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	17.13%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	20.93%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	23.83%	-3.94%

XJH vs. FZIPX - Expense Ratio Comparison

XJH has a 0.12% expense ratio, which is higher than FZIPX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XJH vs. FZIPX - Dividend Comparison

XJH's dividend yield for the trailing twelve months is around 1.10%, more than FZIPX's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FZIPX Fidelity ZERO Extended Market Index Fund	1.08%	1.24%	1.22%	1.43%	1.64%	6.97%	2.15%	1.80%	0.50%
XJH iShares ESG Screened S&P Mid-Cap ETF	1.10%	1.24%	1.24%	1.38%	1.45%	1.04%	0.36%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XJH and FZIPX in my portfolio?

With a correlation of 0.94, XJH and FZIPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, XJH or FZIPX?

XJH has higher volatility (4.74%) compared to FZIPX (4.23%). In terms of maximum drawdown, XJH dropped -25.07% vs FZIPX's -42.71%.

Which has better risk-adjusted returns?

FZIPX currently has the higher Sharpe Ratio (2.05 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.