FXAIX vs. VTHR

Last updated Jun 13, 2026

FXAIX (Fidelity 500 Index Fund) and VTHR (Vanguard Russell 3000 ETF) are both funds - FXAIX is a S&P 500 fund tracking the S&P 500 Index, while VTHR is a Large Cap Blend Equities fund tracking the Russell 3000 Index. Both are passively managed. Over the past 10 years, FXAIX returned 15.44%/yr vs 14.94%/yr for VTHR. Their correlation of 0.94 suggests significant overlap in exposure. FXAIX charges 0.02%/yr vs 0.07%/yr for VTHR.

Performance

FXAIX vs. VTHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity 500 Index Fund (FXAIX) and Vanguard Russell 3000 ETF (VTHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXAIX achieves a 8.59% return, which is significantly lower than VTHR's 9.46% return. Both investments have delivered pretty close results over the past 10 years, with FXAIX having a 15.44% annualized return and VTHR not far behind at 14.94%.

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%

VTHR

• 1D: 0.61%
• 1M: 0.45%
• YTD: 9.46%
• 6M: 9.47%
• 1Y: 24.30%
• 3Y*: 20.45%
• 5Y*: 12.17%
• 10Y*: 14.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FXAIX vs. VTHR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXAIX Fidelity 500 Index Fund	8.59%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%
VTHR Vanguard Russell 3000 ETF	9.46%	16.99%	23.57%	25.92%	-19.20%	25.49%	20.93%	30.82%	-5.65%	21.06%

Correlation

The correlation between FXAIX and VTHR is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since May 4, 2011	0.94

The correlation between FXAIX and VTHR has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.

Return for Risk

FXAIX vs. VTHR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 72
FXAIX Sortino Ratio Rank: 68
FXAIX Omega Ratio Rank: 69
FXAIX Calmar Ratio Rank: 73
FXAIX Martin Ratio Rank: 84

VTHR

VTHR Risk / Return Rank: 68
VTHR Sharpe Ratio Rank: 68
VTHR Sortino Ratio Rank: 66
VTHR Omega Ratio Rank: 67
VTHR Calmar Ratio Rank: 63
VTHR Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FXAIX vs. VTHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Vanguard Russell 3000 ETF (VTHR). 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	VTHR	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.92	+0.05
Sortino ratio: Return per unit of downside risk	2.67	2.64	+0.04
Omega ratio: Gain probability vs. loss probability	1.36	1.34	+0.01
Calmar ratio: Return relative to maximum drawdown	2.74	2.74	0.00
Martin ratio: Return relative to average drawdown	12.46	12.28	+0.18

FXAIX vs. VTHR - Sharpe Ratio Comparison

The current FXAIX Sharpe Ratio is 1.97, which is comparable to the VTHR Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FXAIX and VTHR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FXAIX vs. VTHR - Drawdown Comparison

The maximum FXAIX drawdown since its inception was -33.79%, roughly equal to the maximum VTHR drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for FXAIX and VTHR.

Drawdown Indicators

	FXAIX	VTHR	Difference
Max Drawdown Largest peak-to-trough decline	-33.79%	-34.61%	+0.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-8.91%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	-19.36%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-24.50%	-25.06%	+0.56%
Max Drawdown (10Y) Largest decline over 10 years	-33.79%	-34.61%	+0.82%
Current Drawdown Current decline from peak	-2.79%	-2.02%	-0.77%
Average Drawdown Average peak-to-trough decline	-3.79%	-4.04%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.99%	-0.04%

Volatility

FXAIX vs. VTHR - Volatility Comparison

Fidelity 500 Index Fund (FXAIX) and Vanguard Russell 3000 ETF (VTHR) have volatilities of 4.44% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXAIX	VTHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	4.33%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	9.70%	9.87%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	12.70%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	17.36%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	17.86%	+0.24%

FXAIX vs. VTHR - Expense Ratio Comparison

FXAIX has a 0.02% expense ratio, which is lower than VTHR's 0.07% 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. VTHR - Dividend Comparison

FXAIX's dividend yield for the trailing twelve months is around 1.06%, more than VTHR's 1.02% 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%
VTHR Vanguard Russell 3000 ETF	1.02%	1.08%	1.19%	1.47%	1.52%	1.16%	1.37%	1.65%	1.89%	1.63%	1.82%	1.84%

Frequently Asked Questions

Can I hold both FXAIX and VTHR in my portfolio?

With a correlation of 0.99, FXAIX and VTHR 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.

Which is riskier, FXAIX or VTHR?

FXAIX has higher volatility (4.44%) compared to VTHR (4.33%). In terms of maximum drawdown, FXAIX dropped -33.79% vs VTHR's -34.61%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (1.97 vs 1.92), 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.