FMACX vs. VXF

Last updated Jun 4, 2026

FMACX (American Funds AMCAP Fund® Class F-3) and VXF (Vanguard Extended Market ETF) are both funds - FMACX is a Large Cap Growth Equities fund managed by American Funds, while VXF is a Mid Cap Blend Equities fund tracking the S&P Completion Index. Over the past 5 years, FMACX returned 9.99%/yr vs 6.53%/yr for VXF. Their correlation of 0.88 suggests significant overlap in exposure. FMACX charges 0.34%/yr vs 0.05%/yr for VXF.

Performance

FMACX vs. VXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds AMCAP Fund® Class F-3 (FMACX) and Vanguard Extended Market ETF (VXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMACX achieves a 6.48% return, which is significantly lower than VXF's 13.78% return.

FMACX

• 1D: -0.76%
• 1M: 3.83%
• YTD: 6.48%
• 6M: 6.17%
• 1Y: 22.26%
• 3Y*: 20.20%
• 5Y*: 9.99%
• 10Y*: —

VXF

• 1D: -1.02%
• 1M: 4.75%
• YTD: 13.78%
• 6M: 12.61%
• 1Y: 28.88%
• 3Y*: 19.75%
• 5Y*: 6.53%
• 10Y*: 12.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMACX vs. VXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMACX American Funds AMCAP Fund® Class F-3	6.48%	18.07%	21.49%	31.48%	-28.43%	22.33%	21.81%	26.73%	-4.12%	18.35%
VXF Vanguard Extended Market ETF	13.78%	11.40%	16.89%	25.51%	-26.52%	12.31%	32.45%	27.96%	-9.34%	15.83%

Correlation

The correlation between FMACX and VXF is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.88

The correlation between FMACX and VXF has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

FMACX vs. VXF — Risk / Return Rank

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

FMACX

FMACX Risk / Return Rank: 27
FMACX Sharpe Ratio Rank: 31
FMACX Sortino Ratio Rank: 28
FMACX Omega Ratio Rank: 30
FMACX Calmar Ratio Rank: 20
FMACX Martin Ratio Rank: 28

VXF

VXF Risk / Return Rank: 50
VXF Sharpe Ratio Rank: 48
VXF Sortino Ratio Rank: 47
VXF Omega Ratio Rank: 44
VXF Calmar Ratio Rank: 56
VXF Martin Ratio Rank: 57

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.

FMACX vs. VXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds AMCAP Fund® Class F-3 (FMACX) and Vanguard Extended Market ETF (VXF). 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.

	FMACX	VXF	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.69	-0.10
Sortino ratio: Return per unit of downside risk	2.22	2.38	-0.16
Omega ratio: Gain probability vs. loss probability	1.29	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	1.64	2.84	-1.20
Martin ratio: Return relative to average drawdown	6.66	10.07	-3.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMACX vs. VXF - Sharpe Ratio Comparison

The current FMACX Sharpe Ratio is 1.59, which is comparable to the VXF Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FMACX and VXF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FMACX	VXF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.69	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.29	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.46	+0.22

Drawdowns

FMACX vs. VXF - Drawdown Comparison

The maximum FMACX drawdown since its inception was -36.00%, smaller than the maximum VXF drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for FMACX and VXF.

Drawdown Indicators

	FMACX	VXF	Difference
Max Drawdown Largest peak-to-trough decline	-36.00%	-58.03%	+22.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.12%	-10.21%	-3.91%
Max Drawdown (3Y) Largest decline over 3 years	-19.69%	-26.92%	+7.23%
Max Drawdown (5Y) Largest decline over 5 years	-36.00%	-36.39%	+0.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.72%	—
Current Drawdown Current decline from peak	-0.76%	-1.02%	+0.26%
Average Drawdown Average peak-to-trough decline	-7.35%	-9.55%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	2.87%	+0.59%

Volatility

FMACX vs. VXF - Volatility Comparison

The current volatility for American Funds AMCAP Fund® Class F-3 (FMACX) is 3.57%, while Vanguard Extended Market ETF (VXF) has a volatility of 4.87%. This indicates that FMACX experiences smaller price fluctuations and is considered to be less risky than VXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMACX	VXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	4.87%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	12.44%	-1.03%
Volatility (1Y) Calculated over the trailing 1-year period	14.56%	17.22%	-2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.24%	22.33%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	22.29%	-3.14%

FMACX vs. VXF - Expense Ratio Comparison

FMACX has a 0.34% expense ratio, which is higher than VXF's 0.05% expense ratio.

Dividends

FMACX vs. VXF - Dividend Comparison

FMACX's dividend yield for the trailing twelve months is around 8.09%, more than VXF's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMACX American Funds AMCAP Fund® Class F-3	8.09%	8.62%	8.39%	3.80%	7.46%	4.50%	4.12%	5.16%	8.13%	5.64%	0.00%	0.00%
VXF Vanguard Extended Market ETF	1.02%	1.14%	1.09%	1.27%	1.15%	1.13%	1.07%	1.30%	1.66%	1.25%	1.43%	1.35%

Frequently Asked Questions

Can I hold both FMACX and VXF in my portfolio?

FMACX and VXF have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMACX or VXF?

VXF has higher volatility (4.87%) compared to FMACX (3.57%). In terms of maximum drawdown, FMACX dropped -36.00% vs VXF's -58.03%.

Which has better risk-adjusted returns?

VXF currently has the higher Sharpe Ratio (1.69 vs 1.59), 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.