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.
Key characteristics
| FSMAX | VOO | |
|---|---|---|
| YTD Return | 4.18% | 14.47% |
| 1Y Return | 15.80% | 23.28% |
| 3Y Return (Ann) | -2.46% | 7.84% |
| 5Y Return (Ann) | 9.24% | 14.52% |
| 10Y Return (Ann) | 8.59% | 12.57% |
| Sharpe Ratio | 0.81 | 1.81 |
| Daily Std Dev | 18.63% | 12.65% |
| Max Drawdown | -41.67% | -33.99% |
| Current Drawdown | -11.73% | -4.32% |
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
In the year-to-date period, FSMAX achieves a 4.18% return, which is significantly lower than VOO's 14.47% return. Over the past 10 years, FSMAX has underperformed VOO with an annualized return of 8.59%, while VOO has yielded a comparatively higher 12.57% annualized return. 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. 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's dividend yield for the trailing twelve months is around 1.02%, less than VOO's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMAX Fidelity Extended Market Index Fund | 1.02% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.61% | 4.85% | 6.58% | 5.43% | 4.09% |
VOO Vanguard S&P 500 ETF | 1.33% | 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 6.44% compared to Vanguard S&P 500 ETF (VOO) at 4.78%. 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.