FCUEX vs. VTSAX

Last updated Jun 3, 2026

FCUEX (Fiera Capital U.S. Equity Long-Term Quality Fund) and VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) are both Large Cap Blend Equities funds. Over the past 5 years, FCUEX returned 8.16%/yr vs 12.88%/yr for VTSAX. Their correlation of 0.89 suggests significant overlap in exposure. FCUEX charges 1.00%/yr vs 0.04%/yr for VTSAX.

Performance

FCUEX vs. VTSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fiera Capital U.S. Equity Long-Term Quality Fund (FCUEX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCUEX achieves a 1.53% return, which is significantly lower than VTSAX's 11.71% return.

FCUEX

• 1D: -0.34%
• 1M: -1.44%
• YTD: 1.53%
• 6M: 1.13%
• 1Y: 9.51%
• 3Y*: 10.44%
• 5Y*: 8.16%
• 10Y*: —

VTSAX

• 1D: 0.25%
• 1M: 5.10%
• YTD: 11.71%
• 6M: 12.07%
• 1Y: 29.65%
• 3Y*: 22.24%
• 5Y*: 12.88%
• 10Y*: 15.09%

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

FCUEX vs. VTSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCUEX Fiera Capital U.S. Equity Long-Term Quality Fund	1.53%	7.63%	10.98%	21.73%	-15.78%	32.94%	23.14%	9.69%
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	11.71%	17.12%	23.23%	26.51%	-19.52%	25.72%	20.98%	9.01%

Correlation

The correlation between FCUEX and VTSAX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 1, 2019	0.89

The correlation between FCUEX and VTSAX shifts across timeframes, from 0.75 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCUEX vs. VTSAX — Risk / Return Rank

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

FCUEX

FCUEX Risk / Return Rank: 9
FCUEX Sharpe Ratio Rank: 10
FCUEX Sortino Ratio Rank: 10
FCUEX Omega Ratio Rank: 9
FCUEX Calmar Ratio Rank: 8
FCUEX Martin Ratio Rank: 9

VTSAX

VTSAX Risk / Return Rank: 72
VTSAX Sharpe Ratio Rank: 73
VTSAX Sortino Ratio Rank: 65
VTSAX Omega Ratio Rank: 64
VTSAX Calmar Ratio Rank: 74
VTSAX Martin Ratio Rank: 83

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.

FCUEX vs. VTSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fiera Capital U.S. Equity Long-Term Quality Fund (FCUEX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). 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.

	FCUEX	VTSAX	Difference
Sharpe ratio Return per unit of total volatility	0.84	2.49	-1.65
Sortino ratio Return per unit of downside risk	1.27	3.38	-2.12
Omega ratio Gain probability vs. loss probability	1.15	1.45	-0.30
Calmar ratio Return relative to maximum drawdown	0.85	3.38	-2.53
Martin ratio Return relative to average drawdown	2.81	15.63	-12.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCUEX vs. VTSAX - Sharpe Ratio Comparison

The current FCUEX Sharpe Ratio is 0.84, which is lower than the VTSAX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of FCUEX and VTSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FCUEX	VTSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	2.49	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.75	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.47	+0.19

Drawdowns

FCUEX vs. VTSAX - Drawdown Comparison

The maximum FCUEX drawdown since its inception was -33.02%, smaller than the maximum VTSAX drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for FCUEX and VTSAX.

Drawdown Indicators

	FCUEX	VTSAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.02%	-55.33%	+22.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-8.92%	-2.41%
Max Drawdown (3Y) Largest decline over 3 years	-14.54%	-19.36%	+4.82%
Max Drawdown (5Y) Largest decline over 5 years	-25.24%	-25.36%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.97%	—
Current Drawdown Current decline from peak	-2.30%	0.00%	-2.30%
Average Drawdown Average peak-to-trough decline	-5.35%	-9.01%	+3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	1.93%	+1.50%

Volatility

FCUEX vs. VTSAX - Volatility Comparison

Fiera Capital U.S. Equity Long-Term Quality Fund (FCUEX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) have volatilities of 2.97% and 2.95%, 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

	FCUEX	VTSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	2.95%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	9.20%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	12.21%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	17.36%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	18.41%	+0.99%

FCUEX vs. VTSAX - Expense Ratio Comparison

FCUEX has a 1.00% expense ratio, which is higher than VTSAX's 0.04% expense ratio.

Dividends

FCUEX vs. VTSAX - Dividend Comparison

FCUEX's dividend yield for the trailing twelve months is around 0.93%, less than VTSAX's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCUEX Fiera Capital U.S. Equity Long-Term Quality Fund	0.93%	0.94%	1.34%	0.29%	3.47%	0.86%	1.20%	0.26%	0.00%	0.00%	0.00%	0.00%
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	1.00%	1.11%	1.26%	1.42%	1.65%	1.20%	1.41%	1.76%	2.03%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both FCUEX and VTSAX in my portfolio?

FCUEX and VTSAX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCUEX or VTSAX?

FCUEX has higher volatility (2.97%) compared to VTSAX (2.95%). In terms of maximum drawdown, FCUEX dropped -33.02% vs VTSAX's -55.33%.

Which has better risk-adjusted returns?

VTSAX currently has the higher Sharpe Ratio (2.48 vs 0.84), 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.