FSMAX vs. VIEIX
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and Vanguard Extended Market Index Fund Institutional Shares (VIEIX).
FSMAX is managed by Fidelity. VIEIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMAX or VIEIX.
Key characteristics
| FSMAX | VIEIX | |
|---|---|---|
| YTD Return | 21.43% | 21.40% |
| 1Y Return | 37.46% | 37.47% |
| 3Y Return (Ann) | 1.20% | 1.20% |
| 5Y Return (Ann) | 11.64% | 11.64% |
| 10Y Return (Ann) | 10.24% | 10.09% |
| Sharpe Ratio | 2.37 | 2.37 |
| Sortino Ratio | 3.26 | 3.26 |
| Omega Ratio | 1.41 | 1.41 |
| Calmar Ratio | 1.69 | 1.69 |
| Martin Ratio | 13.75 | 13.74 |
| Ulcer Index | 3.16% | 3.16% |
| Daily Std Dev | 18.34% | 18.35% |
| Max Drawdown | -41.67% | -58.04% |
| Current Drawdown | -1.73% | -1.72% |
Correlation
The correlation between FSMAX and VIEIX 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.
Performance
FSMAX vs. VIEIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FSMAX having a 21.43% return and VIEIX slightly lower at 21.40%. Both investments have delivered pretty close results over the past 10 years, with FSMAX having a 10.24% annualized return and VIEIX not far behind at 10.09%. 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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FSMAX vs. VIEIX - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is lower than VIEIX's 0.05% 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
FSMAX vs. VIEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Vanguard Extended Market Index Fund Institutional Shares (VIEIX). 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
FSMAX vs. VIEIX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.88%, less than VIEIX's 1.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | 0.88% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% | 4.09% |
VIEIX Vanguard Extended Market Index Fund Institutional Shares | 1.11% | 1.28% | 1.16% | 1.14% | 1.08% | 1.31% | 1.67% | 1.27% | 1.45% | 1.37% | 1.34% | 1.15% |
Drawdowns
FSMAX vs. VIEIX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -41.67%, smaller than the maximum VIEIX drawdown of -58.04%. Use the drawdown chart below to compare losses from any high point for FSMAX and VIEIX. For additional features, visit the drawdowns tool.
Volatility
FSMAX vs. VIEIX - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) and Vanguard Extended Market Index Fund Institutional Shares (VIEIX) have volatilities of 6.02% 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.