FITFX vs. VEA
Compare and contrast key facts about Fidelity Flex International Index Fund (FITFX) and Vanguard FTSE Developed Markets ETF (VEA).
FITFX is managed by Fidelity. It was launched on Mar 9, 2017. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FITFX or VEA.
Correlation
The correlation between FITFX and VEA is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FITFX vs. VEA - Performance Comparison
Key characteristics
FITFX:
0.38
VEA:
0.34
FITFX:
0.60
VEA:
0.54
FITFX:
1.08
VEA:
1.07
FITFX:
0.44
VEA:
0.46
FITFX:
1.43
VEA:
1.28
FITFX:
3.37%
VEA:
3.35%
FITFX:
12.55%
VEA:
12.81%
FITFX:
-34.27%
VEA:
-60.69%
FITFX:
-10.20%
VEA:
-8.90%
Returns By Period
The year-to-date returns for both stocks are quite close, with FITFX having a 3.33% return and VEA slightly lower at 3.21%.
FITFX
3.33%
-3.41%
-2.76%
4.83%
3.74%
N/A
VEA
3.21%
-1.88%
-1.66%
4.06%
4.90%
5.28%
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FITFX vs. VEA - Expense Ratio Comparison
FITFX has a 0.00% expense ratio, which is lower than VEA's 0.05% 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%.
Risk-Adjusted Performance
FITFX vs. VEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex International Index Fund (FITFX) and Vanguard FTSE Developed Markets ETF (VEA). 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.
Dividends
FITFX vs. VEA - Dividend Comparison
FITFX has not paid dividends to shareholders, while VEA's dividend yield for the trailing twelve months is around 3.35%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITFX Fidelity Flex International Index Fund | 0.00% | 2.67% | 2.60% | 2.25% | 1.50% | 3.35% | 1.92% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% |
VEA Vanguard FTSE Developed Markets ETF | 3.35% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
Drawdowns
FITFX vs. VEA - Drawdown Comparison
The maximum FITFX drawdown since its inception was -34.27%, smaller than the maximum VEA drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for FITFX and VEA. For additional features, visit the drawdowns tool.
Volatility
FITFX vs. VEA - Volatility Comparison
Fidelity Flex International Index Fund (FITFX) has a higher volatility of 4.31% compared to Vanguard FTSE Developed Markets ETF (VEA) at 3.49%. This indicates that FITFX's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.