FMILX vs. VSTSX
FMILX (Fidelity New Millennium Fund) and VSTSX (Vanguard Total Stock Market Index Fund Institutional Select Shares) are both Large Cap Blend Equities funds. FMILX is actively managed, while VSTSX is passively managed. Over the past 5 years, FMILX returned 15.89%/yr vs 12.04%/yr for VSTSX. Their correlation of 0.91 suggests significant overlap in exposure. FMILX charges 0.76%/yr vs 0.01%/yr for VSTSX.
Performance
FMILX vs. VSTSX - Performance Comparison
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Returns By Period
In the year-to-date period, FMILX achieves a 12.66% return, which is significantly higher than VSTSX's 10.96% return.
FMILX
- 1D
- -1.19%
- 1M
- -0.08%
- 6M
- 10.14%
- YTD
- 12.66%
- 1Y
- 17.34%
- 3Y*
- 20.61%
- 5Y*
- 15.89%
- 10Y*
- 14.97%
VSTSX
- 1D
- -0.79%
- 1M
- 1.18%
- 6M
- 8.64%
- YTD
- 10.96%
- 1Y
- 21.56%
- 3Y*
- 19.80%
- 5Y*
- 12.04%
- 10Y*
- —
FMILX vs. VSTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 12.66% | 12.97% | 28.83% | 25.37% | -1.56% | 23.92% | 5.73% | 26.17% | -6.31% | 19.00% |
VSTSX Vanguard Total Stock Market Index Fund Institutional Select Shares | 10.96% | 17.16% | 23.27% | 26.54% | -19.49% | 25.75% | 21.02% | 30.81% | -5.15% | 20.21% |
Correlation
The correlation between FMILX and VSTSX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.91 |
The correlation between FMILX and VSTSX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
FMILX vs. VSTSX — Risk / Return Rank
FMILX
VSTSX
FMILX vs. VSTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and Vanguard Total Stock Market Index Fund Institutional Select Shares (VSTSX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMILX | VSTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.46 | -0.95 |
| Martin ratioReturn relative to average drawdown | 5.31 | 10.81 | -5.50 |
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Drawdowns
FMILX vs. VSTSX - Drawdown Comparison
The maximum FMILX drawdown since its inception was -58.56%, which is greater than VSTSX's maximum drawdown of -34.97%. Use the drawdown chart below to compare losses from any high point for FMILX and VSTSX.
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Drawdown Indicators
| FMILX | VSTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.56% | -34.97% | -23.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -8.92% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -20.48% | -19.36% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -25.35% | +4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | — | — |
Current DrawdownCurrent decline from peak | -2.88% | -0.93% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -12.42% | -4.85% | -7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.03% | +1.32% |
Volatility
FMILX vs. VSTSX - Volatility Comparison
Fidelity New Millennium Fund (FMILX) has a higher volatility of 5.94% compared to Vanguard Total Stock Market Index Fund Institutional Select Shares (VSTSX) at 3.99%. This indicates that FMILX's price experiences larger fluctuations and is considered to be riskier than VSTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMILX | VSTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 3.99% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | 10.18% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 12.88% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.05% | 17.47% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 18.72% | -0.74% |
FMILX vs. VSTSX - Expense Ratio Comparison
FMILX has a 0.76% expense ratio, which is higher than VSTSX's 0.01% expense ratio.
Dividends
FMILX vs. VSTSX - Dividend Comparison
FMILX has not paid dividends to shareholders, while VSTSX's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 0.00% | 0.00% | 3.64% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 7.84% | 6.65% | 11.99% |
VSTSX Vanguard Total Stock Market Index Fund Institutional Select Shares | 1.07% | 1.13% | 1.27% | 1.43% | 1.67% | 1.23% | 1.44% | 1.79% | 2.07% | 1.74% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, FMILX and VSTSX 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.
FMILX has higher volatility (5.94%) compared to VSTSX (3.99%). In terms of maximum drawdown, FMILX dropped -58.56% vs VSTSX's -34.97%.
VSTSX currently has the higher Sharpe Ratio (1.71 vs 1.15), 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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