Fidelity Flex Small Cap Index Fund (FLXSX)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Fidelity Flex Small Cap Index Fund (FLXSX) trades at $21.76 with AI Score 47/100 (Grade C). Fidelity Flex Small Cap Index Fund (FLXSX) aims to replicate the performance of the Russell 2000® Index, focusing on the small-cap segment of the U. S. Market cap: $562.11M, Sector: Financial services.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for FLXSX: FLXSX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FLXSX against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
FLXSX: the 1 perspectives are evenly split.
How is this calculated? →Fidelity Flex Small Cap Index Fund (FLXSX) Financial Services Profile
Fidelity Flex Small Cap Index Fund (FLXSX) offers investors exposure to the small-cap segment of the U.S. equity market by mirroring the Russell 2000® Index. With a market cap of $562.11M and a beta of 1.32, the fund provides a diversified investment vehicle for those seeking to participate in the growth potential of smaller companies.
What Is the Investment Thesis for FLXSX?
Fidelity Flex Small Cap Index Fund (FLXSX) presents an investment opportunity for those seeking exposure to the small-cap segment of the U.S. equity market. The fund's primary value driver is its ability to closely track the performance of the Russell 2000® Index, providing diversified exposure to a broad range of small-cap stocks. With a beta of 1.32, FLXSX exhibits higher volatility compared to the overall market, which could lead to potentially higher returns during periods of strong small-cap performance. A potential growth catalyst is the continued economic expansion and increased investor interest in small-cap stocks, which could drive up the fund's value. However, potential risks include economic downturns or market corrections, which could negatively impact the performance of small-cap stocks and the fund's overall return. The fund's expense ratio and tracking error relative to the Russell 2000® Index are also important factors to consider.
Based on FMP financials and quantitative analysis
FLXSX Key Highlights
- The fund invests at least 80% of its assets in securities included in the Russell 2000® Index, providing diversified exposure to the small-cap segment of the U.S. equity market.
- The fund's market cap is $0.47 billion, reflecting the size of its investment portfolio and its significance within the small-cap market.
- The fund has a beta of 1.32, indicating higher volatility compared to the overall market.
- The fund does not offer a dividend yield, as it focuses on capital appreciation rather than income generation.
- The fund's performance is closely tied to the performance of the Russell 2000® Index, making it a suitable investment for those seeking to track the small-cap market.
Who Are FLXSX's Competitors?
FLXSX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FFBSX Fidelity Freedom Blend 2065 Fund | $17.56 | +0.06% | $659.62M | 44 |
| FLAPX Fidelity Flex Mid Cap Index Fund | $25.32 | -0.04% | $626.12M | 47 |
| HJPNX Hennessy Japan Fund | $50.90 | +1.31% | $484.60M | 44 |
| HNASX Homestead Fds, Inc. Growth Fund | $18.80 | -0.21% | $457.85M | 55 |
| MCHFX Matthews China Fund | $16.90 | -2.65% | $398.63M | 46 |
| NXDT NexPoint Diversified Real Estate Trust | $5.53 | +3.08% | $285.77M | 73 |
| GENB Generate Biomedicines, Inc. | $17.03 | -2.18% | $2.18B | 72 |
| SII Sprott Inc. | $118.11 | +2.72% | $3.05B | 71 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FLXSX's Key Strengths?
- Low expense ratio compared to actively managed funds.
- Diversified exposure to a broad range of small-cap stocks.
- Close tracking of the Russell 2000® Index.
- Managed by a reputable asset management firm (Fidelity).
What Are FLXSX's Weaknesses?
- Limited potential for outperformance compared to actively managed funds.
- Performance is entirely dependent on the performance of the Russell 2000® Index.
- Higher volatility compared to large-cap stocks.
- No dividend yield.
What Could Drive FLXSX Stock Higher?
- Continued economic expansion and investor interest in small-cap stocks.
- Potential changes in the composition of the Russell 2000® Index that could benefit the fund.
- Annual reconstitution of the Russell 2000® Index in June, which could lead to portfolio adjustments and potential performance impacts.
What Are the Key Risks for FLXSX?
- Economic downturns or market corrections that could negatively impact small-cap stocks.
- Increased competition from other index funds and ETFs.
- Tracking error relative to the Russell 2000® Index.
- Higher volatility compared to large-cap stocks.
What Are the Growth Opportunities for FLXSX?
- Increased investor demand for small-cap exposure: As investors seek diversification and higher growth potential, the demand for small-cap stocks is expected to increase. FLXSX is well-positioned to capture this demand by providing a cost-effective and diversified way to invest in the small-cap market. The market size for small-cap investments is estimated to be several trillion dollars, and FLXSX can grow its assets under management by attracting a larger share of this market. Timeline: Ongoing.
- Expansion of the Russell 2000® Index: As the U.S. economy grows and new companies emerge, the Russell 2000® Index is likely to expand, providing FLXSX with a broader range of investment opportunities. This expansion will allow the fund to further diversify its portfolio and potentially enhance its performance. The Russell 2000® Index is reviewed annually, and new companies are added based on their market capitalization and other criteria. Timeline: Ongoing.
- Development of new investment products: Fidelity Investments could develop new investment products that complement FLXSX, such as sector-specific small-cap funds or ESG-focused small-cap funds. These new products would attract a wider range of investors and further enhance Fidelity's position in the asset management industry. The market for specialized investment products is growing rapidly, and Fidelity can capitalize on this trend by offering innovative solutions. Timeline: 1-3 years.
- Strategic partnerships and acquisitions: Fidelity Investments could pursue strategic partnerships or acquisitions to expand its distribution network and reach new investors. These partnerships could involve collaborations with other financial institutions or the acquisition of smaller asset management firms. By expanding its distribution network, Fidelity can increase the visibility of FLXSX and attract more investors. Timeline: 2-5 years.
- Technological innovation and digital transformation: Fidelity Investments can leverage technological innovation and digital transformation to improve the efficiency of its operations and enhance the investor experience. This could involve the development of new online platforms, mobile apps, and data analytics tools. By embracing technology, Fidelity can reduce costs, improve customer service, and attract a new generation of investors. Timeline: Ongoing.
What Opportunities Does FLXSX Have?
- Increased investor demand for small-cap exposure.
- Expansion of the Russell 2000® Index.
- Development of new investment products.
- Strategic partnerships and acquisitions.
What Threats Does FLXSX Face?
- Economic downturns or market corrections.
- Increased competition from other index funds and ETFs.
- Changes in the composition of the Russell 2000® Index.
- Regulatory changes affecting the asset management industry.
What Are FLXSX's Competitive Advantages?
- Brand reputation: Fidelity Investments is a well-established and reputable asset management firm.
- Scale: Fidelity has a large asset base and a wide distribution network.
- Low cost: FLXSX is a passively managed index fund with low expense ratios.
- Index tracking: The fund's ability to closely track the Russell 2000® Index provides a reliable and predictable investment outcome.
What Does FLXSX Do?
Fidelity Flex Small Cap Index Fund (FLXSX) is designed to provide investment results that correspond to the performance of the Russell 2000® Index. The fund achieves this by investing at least 80% of its assets in securities included in the index, which represents a broad range of small-capitalization U.S. companies. The Russell 2000® Index is a market capitalization-weighted index, meaning that the weight of each company in the index is proportional to its market capitalization. This approach ensures that the fund's performance closely tracks the overall performance of the small-cap market segment. As an index fund, FLXSX offers investors a cost-effective and diversified way to gain exposure to a large number of small-cap stocks. The fund's investment strategy is passive, meaning that it does not attempt to outperform the index by actively selecting stocks. Instead, the fund seeks to replicate the index's performance as closely as possible. This passive approach typically results in lower management fees compared to actively managed funds. FLXSX is managed by Fidelity Investments, a well-established and reputable asset management firm with a long history of providing investment products and services to individual and institutional investors.
What Products and Services Does FLXSX Offer?
- Invests primarily in securities included in the Russell 2000® Index.
- Seeks to replicate the performance of the Russell 2000® Index.
- Provides investors with exposure to the small-cap segment of the U.S. equity market.
- Offers a diversified investment vehicle for those seeking to participate in the growth potential of smaller companies.
- Manages assets on behalf of individual and institutional investors.
- Provides a cost-effective way to access a broad range of small-cap stocks.
How Does FLXSX Make Money?
- Generates revenue through management fees charged to investors.
- Fees are typically a percentage of the fund's assets under management (AUM).
- Operates as a passively managed index fund, minimizing active trading and research costs.
What Industry Does FLXSX Operate In?
Fidelity Flex Small Cap Index Fund operates within the asset management industry, specifically focusing on providing investors with exposure to the small-cap segment of the U.S. equity market. The asset management industry is characterized by intense competition, with numerous firms offering a wide range of investment products and services. The growth of the asset management industry is driven by factors such as increasing wealth, aging populations, and the growing demand for retirement planning solutions. FLXSX competes with other index funds and ETFs that track the Russell 2000® Index, as well as actively managed small-cap funds. Competitors include FFBSX (Fidelity Freedom Blend 2050 Fund), FLAPX (Fidelity Advisor Leveraged Company Stock Fund), HJPNX (John Hancock Disciplined Value Fund), HNASX (Hartford Small Company HLS Fund), and MCHFX (Main Capital Partners ETF).
Who Are FLXSX's Key Customers?
- Individual investors seeking exposure to small-cap stocks.
- Institutional investors looking for a cost-effective way to track the Russell 2000® Index.
- Retirement savers seeking diversified investment options.
- Financial advisors recommending investment strategies to their clients.
How Fidelity Flex Small Cap Index Fund Is Valued
Relative to its peer group, FLXSX's quantitative score of 47/100 is roughly in line with the peer average of 47/100.
FLXSX Financials
Bull Case vs Bear Case
Bull Case
- Low expense ratio compared to actively managed funds.
- Diversified exposure to a broad range of small-cap stocks.
- Close tracking of the Russell 2000® Index.
- Managed by a reputable asset management firm (Fidelity).
Bear Case
- Limited potential for outperformance compared to actively managed funds.
- Performance is entirely dependent on the performance of the Russell 2000® Index.
- Higher volatility compared to large-cap stocks.
- No dividend yield.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
FLXSX Latest News
No recent news available for FLXSX.
FLXSX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FLXSX.
Price Targets
Wall Street price target analysis for FLXSX.
FLXSX MoonshotScore
What does this score mean?
The MoonshotScore rates FLXSX's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Fidelity Flex Small Cap Index Fund Financial Services Stock: Key Questions Answered
What does Fidelity Flex Small Cap Index Fund do?
Fidelity Flex Small Cap Index Fund (FLXSX) is designed to mirror the performance of the Russell 2000® Index, offering investors a straightforward and cost-effective way to access the small-cap segment of the U.S. equity market. The fund invests at least 80% of its assets in the stocks that comprise the Russell 2000® Index, providing diversified exposure to a broad range of smaller companies. By passively tracking the index, FLXSX aims to deliver returns that closely match the overall performance of the small-cap market, making it a suitable option for investors seeking to diversify their portfolios or gain exposure to this specific market segment.
What are the main risks for FLXSX?
The primary risks associated with FLXSX are those inherent in investing in small-cap stocks. Small-cap companies are generally more volatile and susceptible to economic downturns than larger, more established companies. This means that FLXSX's value can fluctuate significantly, especially during periods of market uncertainty. Additionally, the fund's performance is tied to the Russell 2000® Index, so any negative performance in the index will directly impact the fund's returns. Investors should also consider the potential for tracking error, which is the difference between the fund's actual performance and the performance of the index it is designed to track.
How does Fidelity Flex Small Cap Index Fund make money in financial services?
Fidelity Flex Small Cap Index Fund generates revenue primarily through management fees. These fees are calculated as a percentage of the fund's average daily net assets. Because FLXSX is passively managed, the management fees are typically lower than those charged by actively managed funds. The fund's profitability is directly correlated to its assets under management (AUM); the higher the AUM, the greater the revenue generated from management fees. These fees are used to cover the fund's operating expenses, including administrative costs, marketing, and investment management services provided by Fidelity Investments.
What are the tax implications of investing in Fidelity Flex Small Cap Index Fund?
Investing in FLXSX, like any investment fund, can have tax implications for investors. Because the fund is designed to track the Russell 2000® Index, it will periodically rebalance its portfolio to align with the index's composition. These rebalancing activities can generate capital gains, which are then passed on to investors. Additionally, any dividends paid out by the underlying companies in the index will also be distributed to fund shareholders, creating taxable income. The specific tax implications will depend on the investor's individual circumstances and the type of account in which the fund is held (e.g., taxable brokerage account, IRA, or 401(k)).
What are the key factors to evaluate for FLXSX?
Fidelity Flex Small Cap Index Fund (FLXSX) holds an AI score of 47/100 (low). Not financial advice.
How frequently does FLXSX data refresh on this page?
FLXSX prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven FLXSX's recent stock price performance?
Fidelity Flex Small Cap Index Fund (FLXSX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Low expense ratio compared to actively managed funds. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FLXSX overvalued or undervalued right now?
Valuing Fidelity Flex Small Cap Index Fund (FLXSX) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis is pending for FLXSX, which may provide additional insights.
- The information provided is based on publicly available data and should not be considered investment advice.