FLAPX vs. VTWO
Compare and contrast key facts about Fidelity Flex Mid Cap Index Fund (FLAPX) and Vanguard Russell 2000 ETF (VTWO).
FLAPX is managed by Fidelity. It was launched on Mar 9, 2017. VTWO is a passively managed fund by Vanguard that tracks the performance of the Russell 2000 Index. It was launched on Sep 20, 2010.
Performance
FLAPX vs. VTWO - Performance Comparison
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FLAPX vs. VTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | -0.79% | 14.33% | 15.30% | 17.28% | -17.28% | 22.59% | 17.30% | 30.56% | -9.10% | 14.01% |
VTWO Vanguard Russell 2000 ETF | 0.92% | 12.90% | 11.55% | 17.08% | -20.49% | 14.79% | 20.22% | 25.81% | -11.15% | 14.18% |
Returns By Period
In the year-to-date period, FLAPX achieves a -0.79% return, which is significantly lower than VTWO's 0.92% return.
FLAPX
- 1D
- -1.02%
- 1M
- -8.39%
- YTD
- -0.79%
- 6M
- 1.43%
- 1Y
- 17.43%
- 3Y*
- 13.78%
- 5Y*
- 7.53%
- 10Y*
- —
VTWO
- 1D
- 3.51%
- 1M
- -5.00%
- YTD
- 0.92%
- 6M
- 3.08%
- 1Y
- 25.83%
- 3Y*
- 13.14%
- 5Y*
- 3.50%
- 10Y*
- 9.90%
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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%.
Return for Risk
FLAPX vs. VTWO — Risk / Return Rank
FLAPX
VTWO
FLAPX vs. VTWO - Risk-Adjusted Trends 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.
| FLAPX | VTWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.11 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.66 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.82 | -0.68 |
Martin ratioReturn relative to average drawdown | 5.07 | 6.81 | -1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLAPX | VTWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.11 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.16 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.48 | +0.05 |
Correlation
The correlation between FLAPX and VTWO is 0.93, 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.
Dividends
FLAPX vs. VTWO - Dividend Comparison
FLAPX has not paid dividends to shareholders, while VTWO's dividend yield for the trailing twelve months is around 1.26%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 0.00% | 0.00% | 1.08% | 1.99% | 1.82% | 2.83% | 2.16% | 2.18% | 2.24% | 0.44% | 0.00% | 0.00% |
VTWO Vanguard Russell 2000 ETF | 1.26% | 1.25% | 1.21% | 1.45% | 1.48% | 1.13% | 0.92% | 1.36% | 1.41% | 1.18% | 1.27% | 1.23% |
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.
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Drawdown Indicators
| FLAPX | VTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.31% | -41.19% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -13.90% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -31.88% | +5.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.19% | — |
Current DrawdownCurrent decline from peak | -9.21% | -7.86% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -8.47% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.71% | -0.71% |
Volatility
FLAPX vs. VTWO - Volatility Comparison
The current volatility for Fidelity Flex Mid Cap Index Fund (FLAPX) is 6.04%, while Vanguard Russell 2000 ETF (VTWO) has a volatility of 7.49%. This indicates that FLAPX experiences smaller price fluctuations and is considered to be less risky than VTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLAPX | VTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 7.49% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.93% | 14.43% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 23.29% | -3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 22.50% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.02% | 23.04% | -3.02% |