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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLAPX or VTWO.
Key characteristics
| FLAPX | VTWO | |
|---|---|---|
| YTD Return | 20.66% | 19.52% |
| 1Y Return | 37.82% | 42.43% |
| 3Y Return (Ann) | 4.75% | 1.25% |
| 5Y Return (Ann) | 11.87% | 10.12% |
| Sharpe Ratio | 2.78 | 1.97 |
| Sortino Ratio | 3.85 | 2.81 |
| Omega Ratio | 1.48 | 1.34 |
| Calmar Ratio | 2.21 | 1.52 |
| Martin Ratio | 16.25 | 11.35 |
| Ulcer Index | 2.32% | 3.74% |
| Daily Std Dev | 13.53% | 21.54% |
| Max Drawdown | -40.31% | -41.19% |
| Current Drawdown | -0.70% | -1.75% |
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.
Performance
FLAPX vs. VTWO - Performance Comparison
In the year-to-date period, FLAPX achieves a 20.66% return, which is significantly higher than VTWO's 19.52% 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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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%.
Risk-Adjusted Performance
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.
Dividends
FLAPX vs. VTWO - Dividend Comparison
FLAPX's dividend yield for the trailing twelve months is around 1.22%, more than VTWO's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAPX Fidelity Flex Mid Cap Index Fund | 1.22% | 1.48% | 1.63% | 1.06% | 1.34% | 1.39% | 1.84% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
VTWO Vanguard Russell 2000 ETF | 1.20% | 1.45% | 1.48% | 1.13% | 0.92% | 1.36% | 1.41% | 1.18% | 1.27% | 1.23% | 1.12% | 1.04% |
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.
Volatility
FLAPX vs. VTWO - Volatility Comparison
The current volatility for Fidelity Flex Mid Cap Index Fund (FLAPX) is 4.08%, while Vanguard Russell 2000 ETF (VTWO) has a volatility of 7.41%. 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.