FSMAX vs. VEXMX
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and Vanguard Extended Market Index Fund (VEXMX).
FSMAX is managed by Fidelity. VEXMX is managed by Vanguard. It was launched on Dec 21, 1987.
Performance
FSMAX vs. VEXMX - Performance Comparison
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FSMAX vs. VEXMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | -4.54% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
VEXMX Vanguard Extended Market Index Fund | -4.57% | 10.93% | 15.05% | 26.79% | -26.56% | 12.31% | 32.43% | 27.87% | -9.48% | 17.94% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FSMAX having a -4.54% return and VEXMX slightly lower at -4.57%. Both investments have delivered pretty close results over the past 10 years, with FSMAX having a 10.54% annualized return and VEXMX not far behind at 10.38%.
FSMAX
- 1D
- -1.03%
- 1M
- -7.76%
- YTD
- -4.54%
- 6M
- -4.39%
- 1Y
- 16.77%
- 3Y*
- 13.78%
- 5Y*
- 3.66%
- 10Y*
- 10.54%
VEXMX
- 1D
- -1.03%
- 1M
- -7.76%
- YTD
- -4.57%
- 6M
- -4.46%
- 1Y
- 16.63%
- 3Y*
- 13.43%
- 5Y*
- 3.40%
- 10Y*
- 10.38%
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FSMAX vs. VEXMX - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than VEXMX's 0.19% 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
FSMAX vs. VEXMX — Risk / Return Rank
FSMAX
VEXMX
FSMAX vs. VEXMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Vanguard Extended Market Index Fund (VEXMX). 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.
| FSMAX | VEXMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.72 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.15 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.94 | +0.01 |
Martin ratioReturn relative to average drawdown | 3.91 | 3.86 | +0.04 |
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
| FSMAX | VEXMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.72 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.15 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.47 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.51 | -0.10 |
Correlation
The correlation between FSMAX and VEXMX is 1.00, 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
FSMAX vs. VEXMX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.60%, less than VEXMX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | 0.60% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
VEXMX Vanguard Extended Market Index Fund | 1.07% | 0.74% | 0.74% | 1.14% | 1.00% | 0.99% | 1.19% | 1.18% | 1.52% | 1.12% | 1.31% | 1.20% |
Drawdowns
FSMAX vs. VEXMX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -50.55%, smaller than the maximum VEXMX drawdown of -58.17%. Use the drawdown chart below to compare losses from any high point for FSMAX and VEXMX.
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Drawdown Indicators
| FSMAX | VEXMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.55% | -58.17% | +7.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -14.63% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -36.38% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -50.55% | -41.63% | -8.92% |
Current DrawdownCurrent decline from peak | -10.26% | -10.27% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -11.19% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.55% | -0.01% |
Volatility
FSMAX vs. VEXMX - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) and Vanguard Extended Market Index Fund (VEXMX) have volatilities of 6.01% and 6.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMAX | VEXMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 6.02% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 13.07% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 22.79% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.32% | 22.33% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.19% | 22.33% | +7.86% |