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.
Performance
FSMAX vs. VIEIX - Performance Comparison
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FSMAX vs. VIEIX - 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% |
VIEIX Vanguard Extended Market Index Fund Institutional Shares | -4.54% | 11.42% | 15.49% | 26.97% | -26.46% | 12.46% | 32.24% | 28.05% | -9.36% | 18.12% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FSMAX at -4.54% and VIEIX at -4.54%. Both investments have delivered pretty close results over the past 10 years, with FSMAX having a 10.54% annualized return and VIEIX not far ahead at 10.56%.
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%
VIEIX
- 1D
- -1.04%
- 1M
- -7.75%
- YTD
- -4.54%
- 6M
- -4.39%
- 1Y
- 16.80%
- 3Y*
- 13.79%
- 5Y*
- 3.66%
- 10Y*
- 10.56%
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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%.
Return for Risk
FSMAX vs. VIEIX — Risk / Return Rank
FSMAX
VIEIX
FSMAX vs. VIEIX - 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 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.
| FSMAX | VIEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.72 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.16 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.95 | 0.00 |
Martin ratioReturn relative to average drawdown | 3.91 | 3.91 | -0.01 |
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 | VIEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.72 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.16 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.48 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.37 | +0.04 |
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.
Dividends
FSMAX vs. VIEIX - Dividend Comparison
FSMAX's dividend yield for the trailing twelve months is around 0.60%, less than VIEIX's 1.22% 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% |
VIEIX Vanguard Extended Market Index Fund Institutional Shares | 1.22% | 1.14% | 1.10% | 1.26% | 1.16% | 1.14% | 1.08% | 1.31% | 1.67% | 1.27% | 1.45% | 1.37% |
Drawdowns
FSMAX vs. VIEIX - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -50.55%, smaller than the maximum VIEIX drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for FSMAX and VIEIX.
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Drawdown Indicators
| FSMAX | VIEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.55% | -58.03% | +7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -14.63% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -36.32% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -50.55% | -41.62% | -8.93% |
Current DrawdownCurrent decline from peak | -10.26% | -10.25% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -13.91% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.54% | 0.00% |
Volatility
FSMAX vs. VIEIX - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) and Vanguard Extended Market Index Fund Institutional Shares (VIEIX) have volatilities of 6.01% 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 | VIEIX | 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% | 22.30% | +7.89% |