FSOPX vs. VSCPX
FSOPX (Fidelity Series Small Cap Opportunities Fund) and VSCPX (Vanguard Small-Cap Index Fund Institutional Plus Shares) are both Small Cap Blend Equities funds. Over the past 10 years, FSOPX returned 12.77%/yr vs 11.39%/yr for VSCPX. With a 0.98 correlation, they move nearly in lockstep. FSOPX charges 0.00%/yr vs 0.03%/yr for VSCPX.
Performance
FSOPX vs. VSCPX - Performance Comparison
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Returns By Period
In the year-to-date period, FSOPX achieves a 16.83% return, which is significantly higher than VSCPX's 14.95% return. Over the past 10 years, FSOPX has outperformed VSCPX with an annualized return of 12.77%, while VSCPX has yielded a comparatively lower 11.39% annualized return.
FSOPX
- 1D
- 0.85%
- 1M
- 1.12%
- YTD
- 16.83%
- 6M
- 15.66%
- 1Y
- 40.89%
- 3Y*
- 21.01%
- 5Y*
- 11.01%
- 10Y*
- 12.77%
VSCPX
- 1D
- 0.80%
- 1M
- 4.24%
- YTD
- 14.95%
- 6M
- 14.90%
- 1Y
- 29.69%
- 3Y*
- 17.33%
- 5Y*
- 7.36%
- 10Y*
- 11.39%
FSOPX vs. VSCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSOPX Fidelity Series Small Cap Opportunities Fund | 16.83% | 15.81% | 15.31% | 20.38% | -17.82% | 23.39% | 17.03% | 29.92% | -8.12% | 11.10% |
VSCPX Vanguard Small-Cap Index Fund Institutional Plus Shares | 14.95% | 8.86% | 12.98% | 19.52% | -17.59% | 17.75% | 19.09% | 27.40% | -9.31% | 16.27% |
Correlation
The correlation between FSOPX and VSCPX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2010 | 0.98 |
The correlation between FSOPX and VSCPX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
FSOPX vs. VSCPX — Risk / Return Rank
FSOPX
VSCPX
FSOPX vs. VSCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Small Cap Opportunities Fund (FSOPX) and Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX). 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.
| FSOPX | VSCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.34 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 3.52 | +0.83 |
| Martin ratioReturn relative to average drawdown | 17.03 | 12.99 | +4.05 |
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
| FSOPX | VSCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 1.94 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.36 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.53 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.54 | -0.15 |
Drawdowns
FSOPX vs. VSCPX - Drawdown Comparison
The maximum FSOPX drawdown since its inception was -61.75%, which is greater than VSCPX's maximum drawdown of -41.81%. Use the drawdown chart below to compare losses from any high point for FSOPX and VSCPX.
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Drawdown Indicators
| FSOPX | VSCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -41.81% | -19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -8.97% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -27.17% | -25.25% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -30.06% | -28.13% | -1.93% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | -41.81% | +2.66% |
Current DrawdownCurrent decline from peak | -1.66% | 0.00% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -6.49% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.42% | +0.12% |
Volatility
FSOPX vs. VSCPX - Volatility Comparison
Fidelity Series Small Cap Opportunities Fund (FSOPX) has a higher volatility of 5.26% compared to Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX) at 4.40%. This indicates that FSOPX's price experiences larger fluctuations and is considered to be riskier than VSCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSOPX | VSCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 4.40% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 13.46% | 11.72% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 16.27% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.70% | 20.72% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 21.57% | +0.42% |
FSOPX vs. VSCPX - Expense Ratio Comparison
FSOPX has a 0.00% expense ratio, which is lower than VSCPX's 0.03% 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%.
Dividends
FSOPX vs. VSCPX - Dividend Comparison
FSOPX's dividend yield for the trailing twelve months is around 3.78%, more than VSCPX's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSOPX Fidelity Series Small Cap Opportunities Fund | 3.78% | 4.41% | 9.41% | 0.98% | 5.16% | 30.85% | 2.01% | 6.67% | 13.99% | 10.31% | 0.69% | 5.93% |
VSCPX Vanguard Small-Cap Index Fund Institutional Plus Shares | 1.20% | 1.35% | 1.32% | 1.56% | 1.56% | 1.26% | 1.16% | 1.41% | 1.69% | 1.37% | 1.52% | 1.51% |
Frequently Asked Questions
With a correlation of 0.94, FSOPX and VSCPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FSOPX has higher volatility (5.26%) compared to VSCPX (4.40%). In terms of maximum drawdown, FSOPX dropped -61.75% vs VSCPX's -41.81%.
FSOPX currently has the higher Sharpe Ratio (2.42 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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