FZROX vs. VTI
FZROX (Fidelity ZERO Total Market Index Fund) and VTI (Vanguard Total Stock Market ETF) are both Large Cap Blend Equities funds. Over the past 5 years, FZROX returned 12.54%/yr vs 12.21%/yr for VTI. Their 0.99 correlation means they have historically moved very closely together. FZROX charges 0.00%/yr vs 0.03%/yr for VTI.
Performance
FZROX vs. VTI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FZROX having a 14.34% return and VTI slightly lower at 13.92%.
FZROX
- 1D
- 1.85%
- 1M
- 2.50%
- 6M
- 13.38%
- YTD
- 14.34%
- 1Y
- 24.68%
- 3Y*
- 21.28%
- 5Y*
- 12.54%
- 10Y*
- —
- ALL TIME*
- 14.51%
VTI
- 1D
- -0.31%
- 1M
- 2.15%
- 6M
- 12.91%
- YTD
- 13.92%
- 1Y
- 24.23%
- 3Y*
- 21.00%
- 5Y*
- 12.21%
- 10Y*
- 14.83%
- ALL TIME*
- 9.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.15B | $1.16B | $1.24B |
FZROX vs. VTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | 14.34% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
VTI Vanguard Total Stock Market ETF | 13.92% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -11.34% |
Correlation
The correlation between FZROX and VTI is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.99 |
The correlation between FZROX and VTI has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
FZROX vs. VTI — Risk / Return Rank
FZROX
VTI
FZROX vs. VTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Total Market Index Fund (FZROX) and Vanguard Total Stock Market ETF (VTI). 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.
| FZROX | VTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.73 | 0.00 |
| Martin ratioReturn relative to average drawdown | 11.77 | 11.76 | +0.01 |
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Drawdowns
FZROX vs. VTI - Drawdown Comparison
The maximum FZROX drawdown since its inception was -34.96%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for FZROX and VTI.
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Drawdown Indicators
| FZROX | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -55.45% | +20.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.92% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | -19.30% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -25.36% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -7.98% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.07% | -0.02% |
Volatility
FZROX vs. VTI - Volatility Comparison
Fidelity ZERO Total Market Index Fund (FZROX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 4.15% and 4.09%, 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.
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Volatility by Period
| FZROX | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 4.09% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 10.44% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 13.10% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 17.54% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 18.32% | +1.72% |
FZROX vs. VTI - Expense Ratio Comparison
FZROX has a 0.00% expense ratio, which is lower than VTI's 0.03% 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
FZROX vs. VTI - Dividend Comparison
FZROX's dividend yield for the trailing twelve months is around 0.90%, less than VTI's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | 0.90% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
VTI Vanguard Total Stock Market ETF | 1.03% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
With a correlation of 1.00, FZROX and VTI 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.
FZROX has higher volatility (4.15%) compared to VTI (4.09%). In terms of maximum drawdown, FZROX dropped -34.96% vs VTI's -55.45%.
VTI currently has the higher Sharpe Ratio (1.86 vs 1.84), 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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