Index fund question

[garyt]

Can someone explain to me how the Nasdaq is up 1.44% and the S&P is up 1.49% and yet both my Fidelity index funds are DOWN 3.88% and 3.74%?
That's a difference of 5.32% and 5.23% respectively. I noticed this happened once before just a little while ago. Usually they're right near the same return of the index they mimic. What am I missing?

 

[MichaelB]

Maybe they haven't yet updated to today's closing prices. Check in another half hour.

 

[pj.mask]

Lol

 

[bingybear]

what index funds are you referring to.

 

[garyt]

what index funds are you referring to.

fusvx
fncmx

 

[garyt]

Maybe they haven't yet updated to today's closing prices. Check in another half hour.

I bet that's it, thanks. Quite the shock when I saw those funds losing thousands rather than a small gain.

 

[bingybear]

fusvx
fncmx

these are mutual funds they (unlike ETFs) don't get priced until well after the market closes. Check in a couple hours at least

 

[MRG]

these are mutual funds they (unlike ETFs) don't get priced until well after the market closes. Check in a couple hours at least

Right. Even after the close, sometimes they change later in the evening.

 

[garyt]

Yep, all good thanks.

 

[Dtail]

I have FUSVX. Those index funds usually priced by 5:30pm daily.

 

[DrRoy]

I have FUSVX. Those index funds usually priced by 5:30pm daily.

+1

 

[dallas27]

The world is rigged against you, and only you.