FSSNX vs. VSMAX
Compare and contrast key facts about Fidelity Small Cap Index Fund (FSSNX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX).
FSSNX is managed by Fidelity. It was launched on Sep 8, 2011. VSMAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSSNX or VSMAX.
Key characteristics
| FSSNX | VSMAX | |
|---|---|---|
| YTD Return | 8.77% | 8.90% |
| 1Y Return | 18.75% | 18.64% |
| 3Y Return (Ann) | 1.14% | 2.95% |
| 5Y Return (Ann) | 8.26% | 9.49% |
| 10Y Return (Ann) | 8.38% | 8.87% |
| Sharpe Ratio | 0.95 | 1.11 |
| Daily Std Dev | 21.39% | 18.14% |
| Max Drawdown | -41.72% | -59.68% |
| Current Drawdown | -6.48% | -1.52% |
Correlation
The correlation between FSSNX and VSMAX is 0.98, 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
FSSNX vs. VSMAX - Performance Comparison
The year-to-date returns for both investments are quite close, with FSSNX having a 8.77% return and VSMAX slightly higher at 8.90%. Over the past 10 years, FSSNX has underperformed VSMAX with an annualized return of 8.38%, while VSMAX has yielded a comparatively higher 8.87% 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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FSSNX vs. VSMAX - Expense Ratio Comparison
FSSNX has a 0.03% expense ratio, which is lower than VSMAX'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%.
Risk-Adjusted Performance
FSSNX vs. VSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Index Fund (FSSNX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). 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
FSSNX vs. VSMAX - Dividend Comparison
FSSNX's dividend yield for the trailing twelve months is around 1.13%, less than VSMAX's 1.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSSNX Fidelity Small Cap Index Fund | 1.13% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 5.39% | 3.67% | 2.27% | 4.53% | 4.80% | 2.82% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.45% | 1.56% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% | 1.31% |
Drawdowns
FSSNX vs. VSMAX - Drawdown Comparison
The maximum FSSNX drawdown since its inception was -41.72%, smaller than the maximum VSMAX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for FSSNX and VSMAX. For additional features, visit the drawdowns tool.
Volatility
FSSNX vs. VSMAX - Volatility Comparison
Fidelity Small Cap Index Fund (FSSNX) has a higher volatility of 6.78% compared to Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) at 5.52%. This indicates that FSSNX's price experiences larger fluctuations and is considered to be riskier than VSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.