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 Mar 25, 2004.
Performance
FZIPX vs. VGT - Performance Comparison
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FZIPX vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.65% | 12.51% | 12.39% | 18.13% | -18.01% | 21.31% | 16.64% | 26.50% | -17.57% |
VGT Vanguard Information Technology ETF | -6.16% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | -17.34% |
Returns By Period
In the year-to-date period, FZIPX achieves a 1.65% return, which is significantly higher than VGT's -6.16% return.
FZIPX
- 1D
- 3.50%
- 1M
- -5.93%
- YTD
- 1.65%
- 6M
- 3.63%
- 1Y
- 22.46%
- 3Y*
- 13.62%
- 5Y*
- 5.55%
- 10Y*
- —
VGT
- 1D
- 1.28%
- 1M
- -3.61%
- YTD
- -6.16%
- 6M
- -5.90%
- 1Y
- 29.76%
- 3Y*
- 23.10%
- 5Y*
- 14.83%
- 10Y*
- 21.51%
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FZIPX vs. VGT - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than VGT's 0.09% 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%.
Return for Risk
FZIPX vs. VGT — Risk / Return Rank
FZIPX
VGT
FZIPX vs. VGT - Risk-Adjusted Trends 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.
| FZIPX | VGT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.10 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.67 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.88 | -0.28 |
Martin ratioReturn relative to average drawdown | 6.88 | 5.77 | +1.11 |
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
| FZIPX | VGT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.10 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.59 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.61 | -0.26 |
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.
Dividends
FZIPX vs. VGT - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.22%, more than VGT's 0.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.22% | 1.24% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.43% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
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.
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Drawdown Indicators
| FZIPX | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -54.63% | +11.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -16.40% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -35.07% | +6.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.07% | — |
Current DrawdownCurrent decline from peak | -6.45% | -11.66% | +5.21% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -8.00% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 5.35% | -2.01% |
Volatility
FZIPX vs. VGT - Volatility Comparison
The current volatility for Fidelity ZERO Extended Market Index Fund (FZIPX) is 7.43%, while Vanguard Information Technology ETF (VGT) has a volatility of 8.03%. This indicates that FZIPX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZIPX | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 8.03% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 16.35% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.29% | 27.27% | -4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 25.06% | -4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.98% | 24.48% | -0.50% |