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FSMAX vs. VO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FSMAX vs. VO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Extended Market Index Fund (FSMAX) and Vanguard Mid-Cap ETF (VO). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
18.56%
15.49%
FSMAX
VO

Returns By Period

The year-to-date returns for both stocks are quite close, with FSMAX having a 22.78% return and VO slightly lower at 21.87%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FSMAX at 10.20% and VO at 10.20%.


FSMAX

YTD

22.78%

1M

8.24%

6M

18.56%

1Y

38.09%

5Y (annualized)

11.88%

10Y (annualized)

10.20%

VO

YTD

21.87%

1M

4.69%

6M

15.49%

1Y

32.17%

5Y (annualized)

11.91%

10Y (annualized)

10.20%

Key characteristics


FSMAXVO
Sharpe Ratio2.172.65
Sortino Ratio2.973.63
Omega Ratio1.371.46
Calmar Ratio1.582.20
Martin Ratio12.2115.92
Ulcer Index3.19%2.06%
Daily Std Dev17.94%12.37%
Max Drawdown-41.67%-58.89%
Current Drawdown-0.64%0.00%

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FSMAX vs. VO - Expense Ratio Comparison

FSMAX has a 0.04% expense ratio, which is lower than VO's 0.04% 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%.


VO
Vanguard Mid-Cap ETF
Expense ratio chart for VO: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%
Expense ratio chart for FSMAX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.01.0

The correlation between FSMAX and VO 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.

Risk-Adjusted Performance

FSMAX vs. VO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Vanguard Mid-Cap ETF (VO). 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.


Sharpe ratio
The chart of Sharpe ratio for FSMAX, currently valued at 2.17, compared to the broader market-1.000.001.002.003.004.005.002.172.65
The chart of Sortino ratio for FSMAX, currently valued at 2.97, compared to the broader market0.005.0010.002.973.63
The chart of Omega ratio for FSMAX, currently valued at 1.37, compared to the broader market1.002.003.004.001.371.46
The chart of Calmar ratio for FSMAX, currently valued at 1.58, compared to the broader market0.005.0010.0015.0020.0025.001.582.20
The chart of Martin ratio for FSMAX, currently valued at 12.21, compared to the broader market0.0020.0040.0060.0080.00100.0012.2115.92
FSMAX
VO

The current FSMAX Sharpe Ratio is 2.17, which is comparable to the VO Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of FSMAX and VO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.17
2.65
FSMAX
VO

Dividends

FSMAX vs. VO - Dividend Comparison

FSMAX's dividend yield for the trailing twelve months is around 0.87%, less than VO's 1.78% yield.


TTM20232022202120202019201820172016201520142013
FSMAX
Fidelity Extended Market Index Fund
0.87%1.17%1.38%0.99%0.93%1.41%1.69%1.30%1.38%2.99%5.43%4.09%
VO
Vanguard Mid-Cap ETF
1.78%1.52%1.60%1.12%1.45%1.48%1.82%1.35%1.45%1.47%1.29%1.18%

Drawdowns

FSMAX vs. VO - Drawdown Comparison

The maximum FSMAX drawdown since its inception was -41.67%, smaller than the maximum VO drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for FSMAX and VO. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.64%
0
FSMAX
VO

Volatility

FSMAX vs. VO - Volatility Comparison

Fidelity Extended Market Index Fund (FSMAX) has a higher volatility of 6.21% compared to Vanguard Mid-Cap ETF (VO) at 4.00%. This indicates that FSMAX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
6.21%
4.00%
FSMAX
VO