VFINX vs. FGOMX

Last updated Aug 5, 2026

VFINX (Vanguard 500 Index Fund Investor Shares) and FGOMX (Strategic Advisers Fidelity Emerging Markets Fund) are both mutual funds - VFINX is a Large Cap Blend Equities fund tracking the S&P 500 Index, while FGOMX is a Emerging Markets Equities fund managed by Fidelity. Over the past 5 years, VFINX returned 12.99%/yr vs 8.29%/yr for FGOMX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. VFINX charges 0.14%/yr vs 0.25%/yr for FGOMX.

Performance

VFINX vs. FGOMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard 500 Index Fund Investor Shares (VFINX) and Strategic Advisers Fidelity Emerging Markets Fund (FGOMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFINX achieves a 11.68% return, which is significantly lower than FGOMX's 22.54% return.

VFINX

• 1D: 1.48%
• 1M: 1.62%
• 6M: 10.43%
• YTD: 11.68%
• 1Y: 21.34%
• 3Y*: 20.72%
• 5Y*: 12.99%
• 10Y*: 15.03%
• ALL TIME*: 10.72%

FGOMX

• 1D: 0.76%
• 1M: -1.32%
• 6M: 11.54%
• YTD: 22.54%
• 1Y: 41.16%
• 3Y*: 22.04%
• 5Y*: 8.29%
• 10Y*: —
• ALL TIME*: 10.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FGOMX Strategic Advisers Fidelity Emerging Markets Fund	$0.00	$0.00	$0.00
VFINX Vanguard 500 Index Fund Investor Shares	$0.00	$0.00	$0.00

VFINX vs. FGOMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VFINX Vanguard 500 Index Fund Investor Shares	11.68%	17.71%	24.84%	26.12%	-18.24%	28.53%	18.20%	31.33%	-7.60%
FGOMX Strategic Advisers Fidelity Emerging Markets Fund	22.54%	34.20%	7.88%	12.23%	-22.45%	-0.19%	22.10%	22.25%	-4.83%

Correlation

The correlation between VFINX and FGOMX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018	0.65

The correlation between VFINX and FGOMX has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

Return for Risk

VFINX vs. FGOMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VFINX

VFINX Risk / Return Rank: 75
VFINX Sharpe Ratio Rank: 75
VFINX Sortino Ratio Rank: 69
VFINX Omega Ratio Rank: 69
VFINX Calmar Ratio Rank: 76
VFINX Martin Ratio Rank: 84

FGOMX

FGOMX Risk / Return Rank: 82
FGOMX Sharpe Ratio Rank: 84
FGOMX Sortino Ratio Rank: 75
FGOMX Omega Ratio Rank: 78
FGOMX Calmar Ratio Rank: 90
FGOMX Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VFINX vs. FGOMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard 500 Index Fund Investor Shares (VFINX) and Strategic Advisers Fidelity Emerging Markets Fund (FGOMX). 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.

	VFINX	FGOMX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.06	-0.25
Sortino ratio: Return per unit of downside risk	2.49	2.64	-0.15
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	2.61	3.59	-0.99
Martin ratio: Return relative to average drawdown	11.18	10.89	+0.29

VFINX vs. FGOMX - Sharpe Ratio Comparison

The current VFINX Sharpe Ratio is 1.81, which is comparable to the FGOMX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of VFINX and FGOMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VFINX vs. FGOMX - Drawdown Comparison

The maximum VFINX drawdown since its inception was -55.25%, which is greater than FGOMX's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for VFINX and FGOMX.

Drawdown Indicators

	VFINX	FGOMX	Difference
Max Drawdown Largest peak-to-trough decline	-55.25%	-40.14%	-15.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-13.54%	+4.62%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	-16.71%	-2.05%
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	-35.80%	+11.21%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	—	—
Current Drawdown Current decline from peak	0.00%	-8.37%	+8.37%
Average Drawdown Average peak-to-trough decline	-8.26%	-13.20%	+4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	4.19%	-2.12%

Volatility

VFINX vs. FGOMX - Volatility Comparison

The current volatility for Vanguard 500 Index Fund Investor Shares (VFINX) is 3.81%, while Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) has a volatility of 8.96%. This indicates that VFINX experiences smaller price fluctuations and is considered to be less risky than FGOMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFINX	FGOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	8.96%	-5.15%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	20.72%	-10.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	23.69%	-10.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	18.85%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	19.81%	-1.73%

VFINX vs. FGOMX - Expense Ratio Comparison

VFINX has a 0.14% expense ratio, which is lower than FGOMX's 0.25% 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

VFINX vs. FGOMX - Dividend Comparison

VFINX's dividend yield for the trailing twelve months is around 0.95%, less than FGOMX's 6.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGOMX Strategic Advisers Fidelity Emerging Markets Fund	6.80%	2.17%	2.40%	2.83%	2.42%	4.63%	0.73%	2.13%	0.00%	0.00%	0.00%	0.00%
VFINX Vanguard 500 Index Fund Investor Shares	0.95%	1.02%	1.14%	1.36%	1.57%	1.15%	1.45%	1.77%	1.94%	1.69%	1.92%	1.99%

Frequently Asked Questions

Can I hold both VFINX and FGOMX in my portfolio?

VFINX and FGOMX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFINX or FGOMX?

FGOMX has higher volatility (8.96%) compared to VFINX (3.81%). In terms of maximum drawdown, VFINX dropped -55.25% vs FGOMX's -40.14%.

Which has better risk-adjusted returns?

FGOMX currently has the higher Sharpe Ratio (2.06 vs 1.81), 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.