FSKAX vs. VADAX
Compare and contrast key facts about Fidelity Total Market Index Fund (FSKAX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
FSKAX is managed by Fidelity. VADAX is managed by Invesco.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSKAX or VADAX.
Key characteristics
| FSKAX | VADAX | |
|---|---|---|
| YTD Return | 4.93% | 2.14% |
| 1Y Return | 23.74% | 13.99% |
| 3Y Return (Ann) | 6.15% | 4.05% |
| 5Y Return (Ann) | 12.28% | 9.83% |
| 10Y Return (Ann) | 11.74% | 9.54% |
| Sharpe Ratio | 1.82 | 0.99 |
| Daily Std Dev | 12.18% | 12.36% |
| Max Drawdown | -35.01% | -70.58% |
| Current Drawdown | -4.65% | -5.24% |
Correlation
The correlation between FSKAX and VADAX is 0.95, 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
FSKAX vs. VADAX - Performance Comparison
In the year-to-date period, FSKAX achieves a 4.93% return, which is significantly higher than VADAX's 2.14% return. Over the past 10 years, FSKAX has outperformed VADAX with an annualized return of 11.74%, while VADAX has yielded a comparatively lower 9.54% annualized 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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FSKAX vs. VADAX - Expense Ratio Comparison
FSKAX has a 0.02% expense ratio, which is lower than VADAX's 0.52% expense ratio.
Risk-Adjusted Performance
FSKAX vs. VADAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Market Index Fund (FSKAX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX). 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
FSKAX vs. VADAX - Dividend Comparison
FSKAX's dividend yield for the trailing twelve months is around 1.38%, less than VADAX's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 1.38% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.33% | 2.43% | 2.49% | 1.63% | 1.54% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 4.59% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 1.33% | 1.44% | 2.37% | 3.56% |
Drawdowns
FSKAX vs. VADAX - Drawdown Comparison
The maximum FSKAX drawdown since its inception was -35.01%, smaller than the maximum VADAX drawdown of -70.58%. Use the drawdown chart below to compare losses from any high point for FSKAX and VADAX. For additional features, visit the drawdowns tool.
Volatility
FSKAX vs. VADAX - Volatility Comparison
Fidelity Total Market Index Fund (FSKAX) has a higher volatility of 4.02% compared to Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) at 3.55%. This indicates that FSKAX's price experiences larger fluctuations and is considered to be riskier than VADAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.