FZIPX vs. VXF
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Vanguard Extended Market ETF (VXF).
FZIPX is managed by Fidelity. VXF is a passively managed fund by Vanguard that tracks the performance of the S&P Completion Index. It was launched on Dec 27, 2001.
Performance
FZIPX vs. VXF - Performance Comparison
Loading graphics...
FZIPX vs. VXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | -1.78% | 12.51% | 12.39% | 18.13% | -18.01% | 21.31% | 16.64% | 26.50% | -17.57% |
VXF Vanguard Extended Market ETF | -1.27% | 11.40% | 16.89% | 25.51% | -26.52% | 12.31% | 32.45% | 27.96% | -18.21% |
Returns By Period
In the year-to-date period, FZIPX achieves a -1.78% return, which is significantly lower than VXF's -1.27% return.
FZIPX
- 1D
- -1.26%
- 1M
- -8.55%
- YTD
- -1.78%
- 6M
- 0.33%
- 1Y
- 18.79%
- 3Y*
- 12.32%
- 5Y*
- 5.14%
- 10Y*
- —
VXF
- 1D
- 3.44%
- 1M
- -4.60%
- YTD
- -1.27%
- 6M
- -1.07%
- 1Y
- 20.89%
- 3Y*
- 15.08%
- 5Y*
- 3.98%
- 10Y*
- 10.92%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FZIPX vs. VXF - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than VXF's 0.06% 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. VXF — Risk / Return Rank
FZIPX
VXF
FZIPX vs. VXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) and Vanguard Extended Market ETF (VXF). 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 | VXF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.91 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.41 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.39 | -0.24 |
Martin ratioReturn relative to average drawdown | 4.98 | 5.72 | -0.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FZIPX | VXF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.91 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.18 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.43 | -0.10 |
Correlation
The correlation between FZIPX and VXF is 0.97, 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. VXF - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.27%, more than VXF's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.27% | 1.24% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% |
VXF Vanguard Extended Market ETF | 1.18% | 1.14% | 1.09% | 1.27% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% |
Drawdowns
FZIPX vs. VXF - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, smaller than the maximum VXF drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for FZIPX and VXF.
Loading graphics...
Drawdown Indicators
| FZIPX | VXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -58.03% | +15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -14.68% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -36.39% | +8.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.72% | — |
Current DrawdownCurrent decline from peak | -9.61% | -7.12% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -9.61% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.56% | -0.25% |
Volatility
FZIPX vs. VXF - Volatility Comparison
The current volatility for Fidelity ZERO Extended Market Index Fund (FZIPX) is 6.41%, while Vanguard Extended Market ETF (VXF) has a volatility of 7.00%. This indicates that FZIPX experiences smaller price fluctuations and is considered to be less risky than VXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FZIPX | VXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 7.00% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 13.49% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 23.05% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 22.36% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 22.26% | +1.69% |