VEXAX vs. FZIPX
Compare and contrast key facts about Vanguard Extended Market Index Fund Admiral Shares (VEXAX) and Fidelity ZERO Extended Market Index Fund (FZIPX).
VEXAX is managed by Vanguard. It was launched on Nov 13, 2000. FZIPX is managed by Fidelity.
Performance
VEXAX vs. FZIPX - Performance Comparison
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VEXAX vs. FZIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VEXAX Vanguard Extended Market Index Fund Admiral Shares | -4.54% | 11.42% | 15.47% | 26.95% | -26.46% | 12.45% | 32.22% | 28.03% | -18.18% |
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% |
Returns By Period
In the year-to-date period, VEXAX achieves a -4.54% return, which is significantly lower than FZIPX's -1.78% return.
VEXAX
- 1D
- -1.04%
- 1M
- -7.75%
- YTD
- -4.54%
- 6M
- -4.39%
- 1Y
- 16.80%
- 3Y*
- 13.78%
- 5Y*
- 3.65%
- 10Y*
- 10.55%
FZIPX
- 1D
- -1.26%
- 1M
- -8.55%
- YTD
- -1.78%
- 6M
- 0.33%
- 1Y
- 18.79%
- 3Y*
- 12.32%
- 5Y*
- 5.14%
- 10Y*
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VEXAX vs. FZIPX - Expense Ratio Comparison
VEXAX has a 0.06% 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%.
Return for Risk
VEXAX vs. FZIPX — Risk / Return Rank
VEXAX
FZIPX
VEXAX vs. FZIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund Admiral Shares (VEXAX) 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.
| VEXAX | FZIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.86 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.33 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.15 | -0.20 |
Martin ratioReturn relative to average drawdown | 3.91 | 4.98 | -1.07 |
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
| VEXAX | FZIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.86 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.25 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.33 | +0.01 |
Correlation
The correlation between VEXAX and FZIPX 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
VEXAX vs. FZIPX - Dividend Comparison
VEXAX's dividend yield for the trailing twelve months is around 1.22%, less than FZIPX's 1.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEXAX Vanguard Extended Market Index Fund Admiral Shares | 1.22% | 1.14% | 1.09% | 1.25% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% |
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% |
Drawdowns
VEXAX vs. FZIPX - Drawdown Comparison
The maximum VEXAX drawdown since its inception was -58.08%, which is greater than FZIPX's maximum drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for VEXAX and FZIPX.
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Drawdown Indicators
| VEXAX | FZIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.08% | -42.71% | -15.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -14.33% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -36.33% | -28.19% | -8.14% |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | — | — |
Current DrawdownCurrent decline from peak | -10.25% | -9.61% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -12.25% | -9.09% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.31% | +0.23% |
Volatility
VEXAX vs. FZIPX - Volatility Comparison
The current volatility for Vanguard Extended Market Index Fund Admiral Shares (VEXAX) is 6.02%, while Fidelity ZERO Extended Market Index Fund (FZIPX) has a volatility of 6.41%. This indicates that VEXAX experiences smaller price fluctuations and is considered to be less risky than FZIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEXAX | FZIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 6.41% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 12.90% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 22.07% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 20.87% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.30% | 23.95% | -1.65% |