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FITIX vs. VEMPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FITIX vs. VEMPX

Last updated Jun 5, 2026

FITIX (Fidelity Advisor Mid Cap II Fund Class M) and VEMPX (Vanguard Extended Market Index Fund Institutional Plus Shares) are both Mid Cap Blend Equities funds. Over the past 10 years, FITIX returned 12.61%/yr vs 12.10%/yr for VEMPX. With a 0.95 correlation, they move nearly in lockstep. FITIX charges 1.25%/yr vs 0.04%/yr for VEMPX.

Performance

FITIX vs. VEMPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Mid Cap II Fund Class M (FITIX) and Vanguard Extended Market Index Fund Institutional Plus Shares (VEMPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FITIX achieves a 20.96% return, which is significantly higher than VEMPX's 13.78% return. Both investments have delivered pretty close results over the past 10 years, with FITIX having a 12.61% annualized return and VEMPX not far behind at 12.10%.

FITIX

1D
-0.26%
1M
2.19%
YTD
20.96%
6M
21.00%
1Y
37.85%
3Y*
22.29%
5Y*
11.41%
10Y*
12.61%

VEMPX

1D
-1.01%
1M
3.43%
YTD
13.78%
6M
11.95%
1Y
28.76%
3Y*
19.76%
5Y*
6.56%
10Y*
12.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FITIX vs. VEMPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FITIX
Fidelity Advisor Mid Cap II Fund Class M		20.96%11.29%22.41%14.40%-15.22%24.61%18.05%23.04%-15.37%19.97%
VEMPX
Vanguard Extended Market Index Fund Institutional Plus Shares		13.78%11.43%15.50%26.98%-26.45%12.48%32.24%28.06%-9.35%18.13%

Correlation

The correlation between FITIX and VEMPX is 0.92, 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

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (10Y)
Calculated over the trailing 10-year period

0.95

Correlation (All Time)
Calculated using the full available price history since Dec 14, 2010

0.95

The correlation between FITIX and VEMPX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

FITIX vs. VEMPX - Sectors Allocation Comparison

Sectors
FITIX
VEMPX

Industrials

22.2%
19.3%

Technology

17.8%
19.8%

Financial Services

15.1%
14.6%

Healthcare

10.5%
13.3%

Consumer Cyclical

10.5%
9.7%

Real Estate

5.3%
6.0%

Consumer Defensive

5.1%
2.7%

Energy

5.0%
5.1%

Utilities

3.6%
2.0%

Basic Materials

3.3%
4.2%

Communication Services

1.6%
3.3%

Industrials

FITIX
22.2%
VEMPX
19.3%

Technology

FITIX
17.8%
VEMPX
19.8%

Financial Services

FITIX
15.1%
VEMPX
14.6%

Healthcare

FITIX
10.5%
VEMPX
13.3%

Consumer Cyclical

FITIX
10.5%
VEMPX
9.7%

Real Estate

FITIX
5.3%
VEMPX
6.0%

Consumer Defensive

FITIX
5.1%
VEMPX
2.7%

Energy

FITIX
5.0%
VEMPX
5.1%

Utilities

FITIX
3.6%
VEMPX
2.0%

Basic Materials

FITIX
3.3%
VEMPX
4.2%

Communication Services

FITIX
1.6%
VEMPX
3.3%

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Fidelity Advisor Mid Cap II Fund Class M

Vanguard Extended Market Index Fund Institutional Plus Shares

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Often compared with VEMPX:
VEMPX vs. VIIIXVEMPX vs. VMVAXVEMPX vs. VTPSXVEMPX vs. SPYVEMPX vs. VEMIXVEMPX vs. VSIAXVEMPX vs. VMIAX

Return for Risk

FITIX vs. VEMPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FITIX
FITIX Risk / Return Rank: 6565
Overall Rank
FITIX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
FITIX Sortino Ratio Rank: 5252
Sortino Ratio Rank
FITIX Omega Ratio Rank: 5151
Omega Ratio Rank
FITIX Calmar Ratio Rank: 8383
Calmar Ratio Rank
FITIX Martin Ratio Rank: 8383
Martin Ratio Rank
VEMPX
VEMPX Risk / Return Rank: 4040
Overall Rank
VEMPX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
VEMPX Sortino Ratio Rank: 3232
Sortino Ratio Rank
VEMPX Omega Ratio Rank: 3030
Omega Ratio Rank
VEMPX Calmar Ratio Rank: 5555
Calmar Ratio Rank
VEMPX Martin Ratio Rank: 4949
Martin Ratio Rank
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.

FITIX vs. VEMPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class M (FITIX) and Vanguard Extended Market Index Fund Institutional Plus Shares (VEMPX). 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.

FITIXVEMPXDifference
Sharpe ratioReturn per unit of total volatility
2.19
1.69

+0.51

Sortino ratioReturn per unit of downside risk
3.02
2.38

+0.64

Omega ratioGain probability vs. loss probability

1.39

1.29

+0.10

Calmar ratioReturn relative to maximum drawdown

3.81

2.83

+0.99

Martin ratioReturn relative to average drawdown

15.30

9.99

+5.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FITIX vs. VEMPX - Sharpe Ratio Comparison

The current FITIX Sharpe Ratio is 2.19, which is comparable to the VEMPX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FITIX and VEMPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FITIXVEMPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

1.69

+0.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.30

+0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.54

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.54

-0.01

Drawdowns

FITIX vs. VEMPX - Drawdown Comparison

The maximum FITIX drawdown since its inception was -53.22%, which is greater than VEMPX's maximum drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for FITIX and VEMPX.

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Drawdown Indicators

FITIXVEMPXDifference

Max Drawdown

Largest peak-to-trough decline

-53.22%

-41.62%

-11.60%

Max Drawdown (1Y)

Largest decline over 1 year

-9.87%

-10.25%

+0.38%

Max Drawdown (3Y)

Largest decline over 3 years

-23.94%

-26.83%

+2.89%

Max Drawdown (5Y)

Largest decline over 5 years

-25.10%

-36.32%

+11.22%

Max Drawdown (10Y)

Largest decline over 10 years

-42.59%

-41.62%

-0.97%

Current Drawdown

Current decline from peak

-0.26%

-1.01%

+0.75%

Average Drawdown

Average peak-to-trough decline

-8.05%

-7.97%

-0.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.45%

2.89%

-0.44%

Volatility

FITIX vs. VEMPX - Volatility Comparison

Fidelity Advisor Mid Cap II Fund Class M (FITIX) and Vanguard Extended Market Index Fund Institutional Plus Shares (VEMPX) have volatilities of 5.01% and 4.83%, 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.

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Volatility by Period

FITIXVEMPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.01%

4.83%

+0.18%

Volatility (6M)

Calculated over the trailing 6-month period

13.76%

12.48%

+1.28%

Volatility (1Y)

Calculated over the trailing 1-year period

17.17%

17.21%

-0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.56%

22.34%

-1.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.13%

22.36%

-1.23%

FITIX vs. VEMPX - Expense Ratio Comparison

FITIX has a 1.25% expense ratio, which is higher than VEMPX's 0.04% expense ratio.

Dividends

FITIX vs. VEMPX - Dividend Comparison

FITIX's dividend yield for the trailing twelve months is around 6.15%, more than VEMPX's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
FITIX
Fidelity Advisor Mid Cap II Fund Class M		6.15%10.82%11.68%2.52%5.82%19.35%1.01%3.07%10.58%7.57%9.20%4.84%
VEMPX
Vanguard Extended Market Index Fund Institutional Plus Shares		1.03%1.15%1.11%1.27%1.17%1.15%1.09%1.32%1.68%1.27%1.46%1.39%

Frequently Asked Questions

With a correlation of 0.92, FITIX and VEMPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FITIX has higher volatility (5.01%) compared to VEMPX (4.83%). In terms of maximum drawdown, FITIX dropped -53.22% vs VEMPX's -41.62%.

FITIX currently has the higher Sharpe Ratio (2.19 vs 1.69), 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.

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