PortfoliosLab logo
FLAPX vs. VTWO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FLAPX and VTWO is 0.81, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FLAPX vs. VTWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Mid Cap Index Fund (FLAPX) and Vanguard Russell 2000 ETF (VTWO). The values are adjusted to include any dividend payments, if applicable.

40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
94.00%
58.24%
FLAPX
VTWO

Key characteristics

Sharpe Ratio

FLAPX:

0.34

VTWO:

0.03

Sortino Ratio

FLAPX:

0.62

VTWO:

0.22

Omega Ratio

FLAPX:

1.08

VTWO:

1.03

Calmar Ratio

FLAPX:

0.32

VTWO:

0.03

Martin Ratio

FLAPX:

1.18

VTWO:

0.08

Ulcer Index

FLAPX:

5.60%

VTWO:

8.56%

Daily Std Dev

FLAPX:

19.41%

VTWO:

24.20%

Max Drawdown

FLAPX:

-40.31%

VTWO:

-41.19%

Current Drawdown

FLAPX:

-12.02%

VTWO:

-19.51%

Returns By Period

In the year-to-date period, FLAPX achieves a -5.27% return, which is significantly higher than VTWO's -11.97% return.


FLAPX

YTD

-5.27%

1M

-4.41%

6M

-5.28%

1Y

5.25%

5Y*

12.99%

10Y*

N/A

VTWO

YTD

-11.97%

1M

-6.61%

6M

-11.22%

1Y

-0.57%

5Y*

11.22%

10Y*

6.04%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FLAPX vs. VTWO - Expense Ratio Comparison

FLAPX has a 0.00% expense ratio, which is lower than VTWO's 0.10% 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%.


Expense ratio chart for VTWO: current value is 0.10%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VTWO: 0.10%
Expense ratio chart for FLAPX: current value is 0.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FLAPX: 0.00%

Risk-Adjusted Performance

FLAPX vs. VTWO — Risk-Adjusted Performance Rank

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

FLAPX
The Risk-Adjusted Performance Rank of FLAPX is 4848
Overall Rank
The Sharpe Ratio Rank of FLAPX is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of FLAPX is 4848
Sortino Ratio Rank
The Omega Ratio Rank of FLAPX is 4747
Omega Ratio Rank
The Calmar Ratio Rank of FLAPX is 5050
Calmar Ratio Rank
The Martin Ratio Rank of FLAPX is 4747
Martin Ratio Rank

VTWO
The Risk-Adjusted Performance Rank of VTWO is 2626
Overall Rank
The Sharpe Ratio Rank of VTWO is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of VTWO is 2828
Sortino Ratio Rank
The Omega Ratio Rank of VTWO is 2626
Omega Ratio Rank
The Calmar Ratio Rank of VTWO is 2626
Calmar Ratio Rank
The Martin Ratio Rank of VTWO is 2525
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FLAPX vs. VTWO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Mid Cap Index Fund (FLAPX) and Vanguard Russell 2000 ETF (VTWO). 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.


The chart of Sharpe ratio for FLAPX, currently valued at 0.34, compared to the broader market-1.000.001.002.003.00
FLAPX: 0.34
VTWO: 0.03
The chart of Sortino ratio for FLAPX, currently valued at 0.62, compared to the broader market-2.000.002.004.006.008.00
FLAPX: 0.62
VTWO: 0.22
The chart of Omega ratio for FLAPX, currently valued at 1.08, compared to the broader market0.501.001.502.002.503.00
FLAPX: 1.08
VTWO: 1.03
The chart of Calmar ratio for FLAPX, currently valued at 0.32, compared to the broader market0.002.004.006.008.0010.00
FLAPX: 0.32
VTWO: 0.03
The chart of Martin ratio for FLAPX, currently valued at 1.18, compared to the broader market0.0010.0020.0030.0040.0050.00
FLAPX: 1.18
VTWO: 0.08

The current FLAPX Sharpe Ratio is 0.34, which is higher than the VTWO Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of FLAPX and VTWO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.34
0.03
FLAPX
VTWO

Dividends

FLAPX vs. VTWO - Dividend Comparison

FLAPX's dividend yield for the trailing twelve months is around 1.14%, less than VTWO's 1.47% yield.


TTM20242023202220212020201920182017201620152014
FLAPX
Fidelity Flex Mid Cap Index Fund
1.14%1.08%1.99%1.82%2.83%2.16%2.18%2.29%0.44%0.00%0.00%0.00%
VTWO
Vanguard Russell 2000 ETF
1.47%1.21%1.45%1.48%1.13%0.92%1.36%1.41%1.18%1.27%1.23%1.12%

Drawdowns

FLAPX vs. VTWO - Drawdown Comparison

The maximum FLAPX drawdown since its inception was -40.31%, roughly equal to the maximum VTWO drawdown of -41.19%. Use the drawdown chart below to compare losses from any high point for FLAPX and VTWO. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.02%
-19.51%
FLAPX
VTWO

Volatility

FLAPX vs. VTWO - Volatility Comparison

Fidelity Flex Mid Cap Index Fund (FLAPX) and Vanguard Russell 2000 ETF (VTWO) have volatilities of 13.87% and 14.22%, 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.87%
14.22%
FLAPX
VTWO