FXAIX vs. VFMV
FXAIX (Fidelity 500 Index Fund) and VFMV (Vanguard U.S. Minimum Volatility ETF) are both funds - FXAIX is a S&P 500 fund tracking the S&P 500 Index, while VFMV is a Mid Cap Blend Equities fund actively managed by Vanguard. FXAIX is passively managed, while VFMV is actively managed. Over the past 5 years, FXAIX returned 13.34%/yr vs 9.55%/yr for VFMV. Their correlation of 0.81 suggests significant overlap in exposure. FXAIX charges 0.02%/yr vs 0.13%/yr for VFMV.
Performance
FXAIX vs. VFMV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FXAIX having a 8.59% return and VFMV slightly lower at 8.57%.
FXAIX
- 1D
- 1.76%
- 1M
- -0.55%
- YTD
- 8.59%
- 6M
- 8.94%
- 1Y
- 23.79%
- 3Y*
- 21.06%
- 5Y*
- 13.34%
- 10Y*
- 15.44%
VFMV
- 1D
- 0.40%
- 1M
- 1.39%
- YTD
- 8.57%
- 6M
- 7.81%
- 1Y
- 12.36%
- 3Y*
- 14.22%
- 5Y*
- 9.55%
- 10Y*
- —
FXAIX vs. VFMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 8.59% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -5.52% |
VFMV Vanguard U.S. Minimum Volatility ETF | 8.57% | 10.52% | 16.91% | 8.86% | -5.73% | 20.75% | -0.19% | 27.26% | -0.34% |
Correlation
The correlation between FXAIX and VFMV is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.81 |
The correlation between FXAIX and VFMV shifts across timeframes, from 0.66 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXAIX vs. VFMV — Risk / Return Rank
FXAIX
VFMV
FXAIX vs. VFMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Vanguard U.S. Minimum Volatility ETF (VFMV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FXAIX | VFMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.07 | +0.67 |
| Martin ratioReturn relative to average drawdown | 12.46 | 8.03 | +4.42 |
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Drawdowns
FXAIX vs. VFMV - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, roughly equal to the maximum VFMV drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for FXAIX and VFMV.
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Drawdown Indicators
| FXAIX | VFMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -33.64% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -6.00% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -10.35% | -8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -15.41% | -9.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | — | — |
Current DrawdownCurrent decline from peak | -2.79% | -0.98% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -3.63% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.55% | +0.40% |
Volatility
FXAIX vs. VFMV - Volatility Comparison
Fidelity 500 Index Fund (FXAIX) has a higher volatility of 4.44% compared to Vanguard U.S. Minimum Volatility ETF (VFMV) at 2.30%. This indicates that FXAIX's price experiences larger fluctuations and is considered to be riskier than VFMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | VFMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 2.30% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 6.32% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 8.83% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 11.75% | +5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 14.23% | +3.87% |
FXAIX vs. VFMV - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than VFMV's 0.13% 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
FXAIX vs. VFMV - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.06%, less than VFMV's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
VFMV Vanguard U.S. Minimum Volatility ETF | 1.93% | 2.12% | 1.46% | 2.20% | 2.08% | 1.31% | 2.14% | 2.43% | 2.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXAIX and VFMV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXAIX has higher volatility (4.44%) compared to VFMV (2.30%). In terms of maximum drawdown, FXAIX dropped -33.79% vs VFMV's -33.64%.
FXAIX currently has the higher Sharpe Ratio (1.97 vs 1.41), 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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