VFMV vs. FIVFX

Last updated Jul 21, 2026

VFMV (Vanguard U.S. Minimum Volatility ETF) and FIVFX (Fidelity International Capital Appreciation Fund) are both funds - VFMV is a Mid Cap Blend Equities fund actively managed by Vanguard, while FIVFX is a Foreign Large Cap Equities fund managed by Fidelity. A 0.66 correlation means they provide meaningful diversification when combined. VFMV charges 0.13%/yr vs 1.00%/yr for FIVFX.

Performance

VFMV vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Minimum Volatility ETF (VFMV) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VFMV

• 1D: -0.27%
• 1M: 2.40%
• 6M: 6.67%
• YTD: 9.62%
• 1Y: 13.50%
• 3Y*: 13.82%
• 5Y*: 9.37%
• 10Y*: —
• ALL TIME*: 9.94%

FIVFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

VFMV vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VFMV Vanguard U.S. Minimum Volatility ETF	9.62%	10.52%	16.91%	8.86%	-5.73%	20.75%	-0.19%	27.26%	-0.34%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-13.48%

Correlation

The correlation between VFMV and FIVFX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018	0.66

The correlation between VFMV and FIVFX shifts across timeframes, from -0.03 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VFMV vs. FIVFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VFMV

VFMV Risk / Return Rank: 63
VFMV Sharpe Ratio Rank: 63
VFMV Sortino Ratio Rank: 64
VFMV Omega Ratio Rank: 60
VFMV Calmar Ratio Rank: 61
VFMV Martin Ratio Rank: 66

FIVFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VFMV vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Minimum Volatility ETF (VFMV) and Fidelity International Capital Appreciation Fund (FIVFX). 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.

	VFMV	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	—	—
Sortino ratio: Return per unit of downside risk	2.25	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.26	—	—
Martin ratio: Return relative to average drawdown	8.68	—	—

Drawdowns

Drawdown Indicators

	VFMV	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-33.64%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.41%	—	—
Current Drawdown Current decline from peak	-0.51%	—	—
Average Drawdown Average peak-to-trough decline	-3.60%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	—	—

Volatility

Volatility by Period

	VFMV	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.80%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.18%	—	—

VFMV vs. FIVFX - Expense Ratio Comparison

VFMV has a 0.13% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

VFMV vs. FIVFX - Dividend Comparison

VFMV's dividend yield for the trailing twelve months is around 1.77%, while FIVFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%
VFMV Vanguard U.S. Minimum Volatility ETF	1.77%	2.12%	1.46%	2.20%	2.08%	1.31%	2.14%	2.43%	2.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VFMV and FIVFX in my portfolio?

VFMV and FIVFX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.