VFWSX vs. FSMAX
Compare and contrast key facts about Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX) and Fidelity Extended Market Index Fund (FSMAX).
VFWSX is managed by Vanguard. It was launched on Apr 30, 2007. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFWSX or FSMAX.
Key characteristics
| VFWSX | FSMAX | |
|---|---|---|
| YTD Return | 6.09% | 18.50% |
| 1Y Return | 13.51% | 35.21% |
| 3Y Return (Ann) | 0.60% | 0.26% |
| 5Y Return (Ann) | 5.31% | 11.08% |
| 10Y Return (Ann) | 4.83% | 9.95% |
| Sharpe Ratio | 1.08 | 1.88 |
| Sortino Ratio | 1.55 | 2.62 |
| Omega Ratio | 1.19 | 1.32 |
| Calmar Ratio | 1.12 | 1.31 |
| Martin Ratio | 5.59 | 10.61 |
| Ulcer Index | 2.34% | 3.18% |
| Daily Std Dev | 12.17% | 17.95% |
| Max Drawdown | -61.25% | -41.67% |
| Current Drawdown | -7.74% | -4.11% |
Correlation
The correlation between VFWSX and FSMAX is 0.77, 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.
Performance
VFWSX vs. FSMAX - Performance Comparison
In the year-to-date period, VFWSX achieves a 6.09% return, which is significantly lower than FSMAX's 18.50% return. Over the past 10 years, VFWSX has underperformed FSMAX with an annualized return of 4.83%, while FSMAX has yielded a comparatively higher 9.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VFWSX vs. FSMAX - Expense Ratio Comparison
VFWSX has a 0.08% expense ratio, which is higher than FSMAX's 0.04% 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%.
Risk-Adjusted Performance
VFWSX vs. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX) and Fidelity Extended Market Index Fund (FSMAX). 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.
Dividends
VFWSX vs. FSMAX - Dividend Comparison
VFWSX's dividend yield for the trailing twelve months is around 3.00%, more than FSMAX's 0.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFWSX Vanguard FTSE All-World ex-US Index Fund Institutional Shares | 3.00% | 3.31% | 3.10% | 3.06% | 1.99% | 3.10% | 3.28% | 2.67% | 2.97% | 2.97% | 3.54% | 2.70% |
FSMAX Fidelity Extended Market Index Fund | 0.90% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% | 4.09% |
Drawdowns
VFWSX vs. FSMAX - Drawdown Comparison
The maximum VFWSX drawdown since its inception was -61.25%, which is greater than FSMAX's maximum drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for VFWSX and FSMAX. For additional features, visit the drawdowns tool.
Volatility
VFWSX vs. FSMAX - Volatility Comparison
The current volatility for Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX) is 3.66%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 6.31%. This indicates that VFWSX experiences smaller price fluctuations and is considered to be less risky than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.