VB vs. FZIPX
VB (Vanguard Small-Cap ETF) and FZIPX (Fidelity ZERO Extended Market Index Fund) are both funds - VB is a Small Cap Blend Equities fund tracking the CRSP US Small Cap Index, while FZIPX is a Mid Cap Blend Equities fund tracking the Fidelity U.S. Extended Investable Market Index. Both are passively managed. Over the past 5 years, VB returned 7.95%/yr vs 8.17%/yr for FZIPX. Their 0.99 correlation means they have historically moved very closely together. VB charges 0.03%/yr vs 0.00%/yr for FZIPX.
Performance
VB vs. FZIPX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with VB having a 16.95% return and FZIPX slightly higher at 17.32%.
VB
- 1D
- 1.52%
- 1M
- -0.23%
- 6M
- 11.01%
- YTD
- 16.95%
- 1Y
- 27.83%
- 3Y*
- 15.29%
- 5Y*
- 7.95%
- 10Y*
- 11.04%
- ALL TIME*
- 9.95%
FZIPX
- 1D
- -0.39%
- 1M
- -1.66%
- 6M
- 11.01%
- YTD
- 17.32%
- 1Y
- 30.46%
- 3Y*
- 15.29%
- 5Y*
- 8.17%
- 10Y*
- —
- ALL TIME*
- 10.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $124.44M | $120.08M | $165.69M |
VB vs. FZIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VB Vanguard Small-Cap ETF | 16.95% | 8.87% | 14.17% | 18.22% | -17.51% | 17.57% | 19.19% | 27.34% | -17.99% |
FZIPX Fidelity ZERO Extended Market Index Fund | 17.32% | 12.51% | 12.39% | 18.13% | -18.01% | 21.31% | 16.64% | 26.50% | -17.57% |
Correlation
The correlation between VB and FZIPX is 0.98 - 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. | 0.98 |
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 Sep 28, 2018 | 0.99 |
The correlation between VB and FZIPX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VB vs. FZIPX — Risk / Return Rank
VB
FZIPX
VB vs. FZIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap ETF (VB) and Fidelity ZERO Extended Market Index Fund (FZIPX). 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.
| VB | FZIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.97 | +0.14 |
| Martin ratioReturn relative to average drawdown | 11.36 | 11.25 | +0.11 |
Loading charts...
Drawdowns
VB vs. FZIPX - Drawdown Comparison
The maximum VB drawdown since its inception was -59.56%, which is greater than FZIPX's maximum drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for VB and FZIPX.
Loading charts...
Drawdown Indicators
| VB | FZIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.56% | -42.71% | -16.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.98% | -9.61% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -25.36% | -25.16% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -28.15% | -28.19% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -42.05% | — | — |
Current DrawdownCurrent decline from peak | -1.15% | -2.53% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -8.76% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.53% | -0.07% |
Volatility
VB vs. FZIPX - Volatility Comparison
Vanguard Small-Cap ETF (VB) and Fidelity ZERO Extended Market Index Fund (FZIPX) have volatilities of 3.71% and 3.57%, 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.
Loading charts...
Volatility by Period
| VB | FZIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 3.57% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 12.67% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 17.28% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.71% | 20.87% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 23.67% | -2.29% |
VB vs. FZIPX - Expense Ratio Comparison
VB has a 0.03% expense ratio, which is higher than FZIPX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VB vs. FZIPX - Dividend Comparison
VB's dividend yield for the trailing twelve months is around 1.20%, more than FZIPX's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.06% | 1.24% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% |
VB Vanguard Small-Cap ETF | 1.20% | 1.33% | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% |
Frequently Asked Questions
With a correlation of 0.98, VB and FZIPX 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.
VB has higher volatility (3.71%) compared to FZIPX (3.57%). In terms of maximum drawdown, VB dropped -59.56% vs FZIPX's -42.71%.
VB currently has the higher Sharpe Ratio (1.70 vs 1.65), 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.
Find the right allocation for VB and FZIPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer