FCFMX vs. VTI
FCFMX (Fidelity Series Total Market Index Fund) and VTI (Vanguard Total Stock Market ETF) are both Large Cap Blend Equities funds. Over the past 5 years, FCFMX returned 12.48%/yr vs 11.90%/yr for VTI. With a 0.99 correlation, they move nearly in lockstep. FCFMX charges 0.00%/yr vs 0.03%/yr for VTI.
Performance
FCFMX vs. VTI - Performance Comparison
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Returns By Period
In the year-to-date period, FCFMX achieves a 10.42% return, which is significantly higher than VTI's 8.82% return.
FCFMX
- 1D
- -0.33%
- 1M
- 0.58%
- YTD
- 10.42%
- 6M
- 9.29%
- 1Y
- 25.93%
- 3Y*
- 21.37%
- 5Y*
- 12.48%
- 10Y*
- —
VTI
- 1D
- -1.39%
- 1M
- -0.84%
- YTD
- 8.82%
- 6M
- 7.71%
- 1Y
- 24.22%
- 3Y*
- 20.62%
- 5Y*
- 11.90%
- 10Y*
- 15.14%
FCFMX vs. VTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCFMX Fidelity Series Total Market Index Fund | 10.42% | 17.43% | 23.92% | 26.15% | -19.53% | 25.64% | 20.81% | 10.60% |
VTI Vanguard Total Stock Market ETF | 8.82% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 11.07% |
Correlation
The correlation between FCFMX and VTI is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.99 |
The correlation between FCFMX and VTI has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FCFMX vs. VTI — Risk / Return Rank
FCFMX
VTI
FCFMX vs. VTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Total Market Index Fund (FCFMX) and Vanguard Total Stock Market ETF (VTI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCFMX | VTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.73 | +0.34 |
| Martin ratioReturn relative to average drawdown | 13.65 | 12.14 | +1.51 |
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Drawdowns
FCFMX vs. VTI - Drawdown Comparison
The maximum FCFMX drawdown since its inception was -34.99%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for FCFMX and VTI.
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Drawdown Indicators
| FCFMX | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.99% | -55.45% | +20.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.92% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -19.30% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -25.34% | -25.36% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -1.49% | -2.85% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -8.01% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.00% | -0.01% |
Volatility
FCFMX vs. VTI - Volatility Comparison
Fidelity Series Total Market Index Fund (FCFMX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 4.79% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCFMX | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 4.95% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 10.05% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 12.83% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 17.51% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 18.32% | +2.08% |
FCFMX vs. VTI - Expense Ratio Comparison
FCFMX has a 0.00% expense ratio, which is lower than VTI's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FCFMX vs. VTI - Dividend Comparison
FCFMX's dividend yield for the trailing twelve months is around 1.02%, less than VTI's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCFMX Fidelity Series Total Market Index Fund | 1.02% | 1.41% | 1.27% | 1.45% | 1.78% | 1.56% | 1.88% | 1.35% | 0.00% | 0.00% | 0.00% | 0.00% |
VTI Vanguard Total Stock Market ETF | 1.04% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
With a correlation of 0.99, FCFMX and VTI 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.
VTI has higher volatility (4.95%) compared to FCFMX (4.79%). In terms of maximum drawdown, FCFMX dropped -34.99% vs VTI's -55.45%.
FCFMX currently has the higher Sharpe Ratio (2.12 vs 1.90), 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.
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