FCPI vs. VTI

Last updated Jun 24, 2026

FCPI (Fidelity Stocks for Inflation ETF) and VTI (Vanguard Total Stock Market ETF) are both Large Cap Blend Equities funds - FCPI tracks the Fidelity Stocks for Inflation Factor Index while VTI tracks the CRSP US Total Market Index. Both are passively managed. Over the past 5 years, FCPI returned 13.89%/yr vs 11.90%/yr for VTI. Their correlation of 0.91 suggests significant overlap in exposure. FCPI charges 0.15%/yr vs 0.03%/yr for VTI.

Performance

FCPI vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Stocks for Inflation ETF (FCPI) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCPI achieves a 9.35% return, which is significantly higher than VTI's 8.82% return.

FCPI

• 1D: -1.23%
• 1M: -0.21%
• YTD: 9.35%
• 6M: 6.63%
• 1Y: 19.48%
• 3Y*: 20.75%
• 5Y*: 13.89%
• 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%

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

FCPI vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCPI Fidelity Stocks for Inflation ETF	9.35%	16.24%	25.54%	15.40%	-7.11%	34.19%	2.19%	4.26%
VTI Vanguard Total Stock Market ETF	8.82%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	5.33%

Correlation

The correlation between FCPI and VTI is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.91

The correlation between FCPI and VTI has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

FCPI vs. VTI - Sectors Allocation Comparison

Sectors	FCPI	VTI
Technology	31.5%	37.0%
Healthcare	12.6%	9.0%
Energy	10.6%	3.3%
Financial Services	7.6%	11.3%
Consumer Defensive	7.3%	4.3%
Consumer Cyclical	6.8%	9.7%
Industrials	6.2%	9.4%
Basic Materials	6.1%	1.9%
Communication Services	4.8%	9.8%
Real Estate	4.3%	2.3%
Utilities	2.0%	2.1%

Return for Risk

FCPI vs. VTI — Risk / Return Rank

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

FCPI

FCPI Risk / Return Rank: 50
FCPI Sharpe Ratio Rank: 48
FCPI Sortino Ratio Rank: 46
FCPI Omega Ratio Rank: 46
FCPI Calmar Ratio Rank: 54
FCPI Martin Ratio Rank: 59

VTI

VTI Risk / Return Rank: 59
VTI Sharpe Ratio Rank: 58
VTI Sortino Ratio Rank: 56
VTI Omega Ratio Rank: 57
VTI Calmar Ratio Rank: 57
VTI Martin Ratio Rank: 68

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. VTI - Risk-Adjusted Trends Comparison

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

	FCPI	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.90	-0.33
Sortino ratio: Return per unit of downside risk	2.18	2.59	-0.42
Omega ratio: Gain probability vs. loss probability	1.28	1.34	-0.06
Calmar ratio: Return relative to maximum drawdown	2.48	2.73	-0.24
Martin ratio: Return relative to average drawdown	9.87	12.14	-2.27

FCPI vs. VTI - Sharpe Ratio Comparison

The current FCPI Sharpe Ratio is 1.58, which is comparable to the VTI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of FCPI and VTI, 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. VTI - Drawdown Comparison

The maximum FCPI drawdown since its inception was -37.26%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for FCPI and VTI.

Drawdown Indicators

	FCPI	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-55.45%	+18.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-8.92%	+1.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-19.30%	+1.86%
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	-25.36%	+7.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-1.97%	-2.85%	+0.88%
Average Drawdown Average peak-to-trough decline	-4.36%	-8.01%	+3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.00%	-0.02%

Volatility

FCPI vs. VTI - Volatility Comparison

Fidelity Stocks for Inflation ETF (FCPI) and Vanguard Total Stock Market ETF (VTI) have volatilities of 4.82% 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.

Volatility by Period

	FCPI	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.95%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.13%	10.05%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	12.83%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	17.51%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.12%	18.32%	+1.80%

FCPI vs. VTI - Expense Ratio Comparison

FCPI has a 0.15% expense ratio, which is higher than VTI's 0.03% 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

FCPI vs. VTI - Dividend Comparison

FCPI's dividend yield for the trailing twelve months is around 1.63%, more than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCPI Fidelity Stocks for Inflation ETF	1.63%	1.74%	1.29%	1.88%	1.77%	1.19%	3.53%	0.43%	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

Can I hold both FCPI and VTI in my portfolio?

FCPI and VTI have a correlation of 0.89, 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 VTI?

VTI has higher volatility (4.95%) compared to FCPI (4.82%). In terms of maximum drawdown, FCPI dropped -37.26% vs VTI's -55.45%.

Which ETF is better, FCPI or VTI?

On 5-year performance, FCPI leads with 13.89% vs 11.90% for VTI. On fees, VTI is cheaper at 0.03% per year. On volatility, FCPI has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCPI or VTI?

Over the 5-year period, FCPI has performed better with a 13.89% return vs 11.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCPI or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.15% for FCPI.

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

FCPI has the higher dividend yield at 1.63%, compared with 1.04% for VTI.

What is the main difference between FCPI and VTI?

FCPI tracks Fidelity Stocks for Inflation Factor Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.15% for FCPI and 0.03% for VTI.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.90 vs 1.58), 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.