FCPI vs. AVIE

Last updated Jul 14, 2026

FCPI (Fidelity Stocks for Inflation ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. FCPI is passively managed, while AVIE is actively managed. Over the past 3 years, FCPI returned 20.08%/yr vs 13.54%/yr for AVIE. A 0.65 correlation means they provide meaningful diversification when combined. FCPI charges 0.15%/yr vs 0.25%/yr for AVIE.

Performance

FCPI vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Stocks for Inflation ETF (FCPI) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCPI achieves a 10.40% return, which is significantly lower than AVIE's 16.94% return.

FCPI

• 1D: -0.72%
• 1M: 0.78%
• 6M: 8.92%
• YTD: 10.40%
• 1Y: 17.40%
• 3Y*: 20.08%
• 5Y*: 14.14%
• 10Y*: —

AVIE

• 1D: 1.05%
• 1M: 1.67%
• 6M: 14.10%
• YTD: 16.94%
• 1Y: 25.91%
• 3Y*: 13.54%
• 5Y*: —
• 10Y*: —

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

FCPI vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FCPI Fidelity Stocks for Inflation ETF	10.40%	16.24%	25.54%	15.40%	7.36%
AVIE Avantis Inflation Focused Equity ETF	16.94%	11.37%	6.17%	4.19%	15.20%

Correlation

The correlation between FCPI and AVIE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.65

Over the past year, the correlation between FCPI and AVIE has dropped to 0.31 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

FCPI vs. AVIE - Sectors Allocation Comparison

Sectors	FCPI	AVIE
Technology	32.9%	0.1%
Healthcare	13.2%	26.3%
Energy	10.7%	30.0%
Financial Services	7.9%	15.0%
Consumer Defensive	7.6%	17.1%
Industrials	6.2%	1.3%
Basic Materials	5.4%	9.8%
Consumer Cyclical	4.8%	0.0%
Communication Services	4.8%	-
Real Estate	4.4%	0.1%
Utilities	2.1%	0.0%

Return for Risk

FCPI vs. AVIE — Risk / Return Rank

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

FCPI

FCPI Risk / Return Rank: 54
FCPI Sharpe Ratio Rank: 51
FCPI Sortino Ratio Rank: 49
FCPI Omega Ratio Rank: 50
FCPI Calmar Ratio Rank: 56
FCPI Martin Ratio Rank: 62

AVIE

AVIE Risk / Return Rank: 92
AVIE Sharpe Ratio Rank: 92
AVIE Sortino Ratio Rank: 93
AVIE Omega Ratio Rank: 90
AVIE Calmar Ratio Rank: 93
AVIE Martin Ratio Rank: 90

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.

FCPI vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Stocks for Inflation ETF (FCPI) and Avantis Inflation Focused Equity ETF (AVIE). 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.

	FCPI	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.55	-1.15
Sortino ratio: Return per unit of downside risk	1.96	3.70	-1.74
Omega ratio: Gain probability vs. loss probability	1.25	1.45	-0.20
Calmar ratio: Return relative to maximum drawdown	2.22	5.24	-3.02
Martin ratio: Return relative to average drawdown	8.77	16.43	-7.67

FCPI vs. AVIE - Sharpe Ratio Comparison

The current FCPI Sharpe Ratio is 1.41, which is lower than the AVIE Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of FCPI and AVIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCPI vs. AVIE - Drawdown Comparison

The maximum FCPI drawdown since its inception was -37.26%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for FCPI and AVIE.

Drawdown Indicators

	FCPI	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-12.39%	-24.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-4.97%	-2.91%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-12.39%	-5.05%
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	—	—
Current Drawdown Current decline from peak	-1.03%	-0.07%	-0.96%
Average Drawdown Average peak-to-trough decline	-4.33%	-2.97%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.60%	+0.39%

Volatility

FCPI vs. AVIE - Volatility Comparison

Fidelity Stocks for Inflation ETF (FCPI) and Avantis Inflation Focused Equity ETF (AVIE) have volatilities of 3.78% and 3.66%, 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.

Volatility by Period

	FCPI	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.66%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	7.47%	+2.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	10.21%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	12.90%	+3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.05%	12.90%	+7.15%

FCPI vs. AVIE - Expense Ratio Comparison

FCPI has a 0.15% expense ratio, which is lower than AVIE's 0.25% 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

FCPI vs. AVIE - Dividend Comparison

FCPI's dividend yield for the trailing twelve months is around 1.62%, more than AVIE's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVIE Avantis Inflation Focused Equity ETF	1.42%	1.75%	1.89%	3.72%	0.39%	0.00%	0.00%	0.00%
FCPI Fidelity Stocks for Inflation ETF	1.62%	1.74%	1.29%	1.88%	1.77%	1.19%	3.53%	0.43%

Frequently Asked Questions

Can I hold both FCPI and AVIE in my portfolio?

FCPI and AVIE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCPI or AVIE?

FCPI has higher volatility (3.78%) compared to AVIE (3.66%). In terms of maximum drawdown, FCPI dropped -37.26% vs AVIE's -12.39%.

Which ETF is better, FCPI or AVIE?

On 3-year performance, FCPI leads with 20.08% vs 13.54% for AVIE. On fees, FCPI is cheaper at 0.15% per year. On volatility, AVIE has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCPI or AVIE?

Over the 3-year period, FCPI has performed better with a 20.08% return vs 13.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCPI or AVIE?

FCPI is cheaper with a 0.15% expense ratio, compared with 0.25% for AVIE.

Which ETF pays a higher dividend yield, FCPI or AVIE?

FCPI has the higher dividend yield at 1.62%, compared with 1.42% for AVIE.

What is the main difference between FCPI and AVIE?

They also come from different issuers: Fidelity and Avantis. Their fees differ too: 0.15% for FCPI and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (2.55 vs 1.41), 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.