FZIPX vs. VGT
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Vanguard Information Technology ETF (VGT).
FZIPX is managed by Fidelity. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZIPX or VGT.
Correlation
The correlation between FZIPX and VGT is 0.72, 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
FZIPX vs. VGT - Performance Comparison
Key characteristics
FZIPX:
0.81
VGT:
1.55
FZIPX:
1.21
VGT:
2.05
FZIPX:
1.15
VGT:
1.28
FZIPX:
1.15
VGT:
2.18
FZIPX:
4.01
VGT:
7.80
FZIPX:
3.52%
VGT:
4.26%
FZIPX:
17.51%
VGT:
21.45%
FZIPX:
-42.71%
VGT:
-54.63%
FZIPX:
-8.49%
VGT:
-2.41%
Returns By Period
In the year-to-date period, FZIPX achieves a 11.67% return, which is significantly lower than VGT's 31.34% return.
FZIPX
11.67%
-4.07%
9.88%
12.32%
8.88%
N/A
VGT
31.34%
2.11%
9.77%
31.45%
22.00%
20.77%
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FZIPX vs. VGT - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than VGT's 0.10% 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
FZIPX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) and Vanguard Information Technology ETF (VGT). 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
FZIPX vs. VGT - Dividend Comparison
FZIPX has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 0.00% | 1.43% | 1.64% | 1.23% | 1.24% | 1.26% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.59% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
FZIPX vs. VGT - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FZIPX and VGT. For additional features, visit the drawdowns tool.
Volatility
FZIPX vs. VGT - Volatility Comparison
Fidelity ZERO Extended Market Index Fund (FZIPX) and Vanguard Information Technology ETF (VGT) have volatilities of 5.90% and 5.62%, 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.