FSMAX vs. VOO
Compare and contrast key facts about Fidelity Extended Market Index Fund (FSMAX) and Vanguard S&P 500 ETF (VOO).
FSMAX is managed by Fidelity. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMAX or VOO.
Correlation
The correlation between FSMAX and VOO is 0.87, 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. VOO - Performance Comparison
Key characteristics
FSMAX:
1.13
VOO:
2.25
FSMAX:
1.62
VOO:
2.98
FSMAX:
1.20
VOO:
1.42
FSMAX:
1.09
VOO:
3.31
FSMAX:
6.14
VOO:
14.77
FSMAX:
3.32%
VOO:
1.90%
FSMAX:
18.10%
VOO:
12.46%
FSMAX:
-41.67%
VOO:
-33.99%
FSMAX:
-7.30%
VOO:
-2.47%
Returns By Period
In the year-to-date period, FSMAX achieves a 17.83% return, which is significantly lower than VOO's 26.02% return. Over the past 10 years, FSMAX has underperformed VOO with an annualized return of 9.57%, while VOO has yielded a comparatively higher 13.08% annualized return.
FSMAX
17.83%
-2.39%
15.12%
18.47%
10.09%
9.57%
VOO
26.02%
-0.11%
9.35%
26.45%
14.79%
13.08%
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FSMAX vs. VOO - Expense Ratio Comparison
FSMAX has a 0.04% expense ratio, which is higher than VOO's 0.03% expense ratio. However, 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Extended Market Index Fund (FSMAX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FSMAX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 0.91%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | 0.00% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% | 4.09% |
VOO Vanguard S&P 500 ETF | 0.91% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FSMAX vs. VOO - Drawdown Comparison
The maximum FSMAX drawdown since its inception was -41.67%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FSMAX and VOO. For additional features, visit the drawdowns tool.
Volatility
FSMAX vs. VOO - Volatility Comparison
Fidelity Extended Market Index Fund (FSMAX) has a higher volatility of 6.26% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. This indicates that FSMAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.