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.
Key characteristics
| FITFX | VEA | |
|---|---|---|
| YTD Return | 10.86% | 8.21% |
| 1Y Return | 21.81% | 20.39% |
| 3Y Return (Ann) | 1.83% | 1.91% |
| 5Y Return (Ann) | 5.95% | 6.49% |
| Sharpe Ratio | 1.63 | 1.56 |
| Sortino Ratio | 2.35 | 2.20 |
| Omega Ratio | 1.30 | 1.27 |
| Calmar Ratio | 1.49 | 1.60 |
| Martin Ratio | 9.55 | 8.67 |
| Ulcer Index | 2.25% | 2.32% |
| Daily Std Dev | 13.16% | 12.92% |
| Max Drawdown | -34.27% | -60.70% |
| Current Drawdown | -3.65% | -4.48% |
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
In the year-to-date period, FITFX achieves a 10.86% return, which is significantly higher than VEA's 8.21% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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's dividend yield for the trailing twelve months is around 2.41%, less than VEA's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITFX Fidelity Flex International Index Fund | 2.41% | 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 | 2.95% | 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 -60.70%. 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) and Vanguard FTSE Developed Markets ETF (VEA) have volatilities of 3.69% and 3.54%, 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.