VHCOX vs. FSMAX
Compare and contrast key facts about Vanguard Capital Opportunity Fund Investor Shares (VHCOX) and Fidelity Extended Market Index Fund (FSMAX).
VHCOX is managed by Vanguard. It was launched on Aug 14, 1995. FSMAX is managed by Fidelity.
Performance
VHCOX vs. FSMAX - Performance Comparison
Loading graphics...
VHCOX vs. FSMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHCOX Vanguard Capital Opportunity Fund Investor Shares | -3.14% | 25.74% | 14.00% | 25.55% | -17.61% | 20.85% | 22.73% | 27.20% | -3.76% | 28.28% |
FSMAX Fidelity Extended Market Index Fund | -1.26% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
Returns By Period
In the year-to-date period, VHCOX achieves a -3.14% return, which is significantly lower than FSMAX's -1.26% return. Over the past 10 years, VHCOX has outperformed FSMAX with an annualized return of 14.30%, while FSMAX has yielded a comparatively lower 10.91% annualized return.
VHCOX
- 1D
- 3.60%
- 1M
- -6.90%
- YTD
- -3.14%
- 6M
- 2.84%
- 1Y
- 26.35%
- 3Y*
- 17.67%
- 5Y*
- 9.53%
- 10Y*
- 14.30%
FSMAX
- 1D
- 3.43%
- 1M
- -5.35%
- YTD
- -1.26%
- 6M
- -1.38%
- 1Y
- 20.12%
- 3Y*
- 15.07%
- 5Y*
- 4.00%
- 10Y*
- 10.91%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VHCOX vs. FSMAX - Expense Ratio Comparison
VHCOX has a 0.43% expense ratio, which is higher than FSMAX's 0.04% expense ratio.
Return for Risk
VHCOX vs. FSMAX — Risk / Return Rank
VHCOX
FSMAX
VHCOX vs. FSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) 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.
| VHCOX | FSMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.91 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.40 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.39 | +0.48 |
Martin ratioReturn relative to average drawdown | 7.74 | 5.70 | +2.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VHCOX | FSMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.91 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.18 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.36 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.42 | +0.16 |
Correlation
The correlation between VHCOX and FSMAX is 0.89, 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
VHCOX vs. FSMAX - Dividend Comparison
VHCOX's dividend yield for the trailing twelve months is around 9.93%, more than FSMAX's 0.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 9.93% | 9.62% | 8.16% | 2.33% | 9.26% | 10.44% | 9.10% | 6.41% | 12.11% | 3.87% | 5.66% | 5.30% |
FSMAX Fidelity Extended Market Index Fund | 0.58% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
Drawdowns
VHCOX vs. FSMAX - Drawdown Comparison
The maximum VHCOX drawdown since its inception was -54.76%, which is greater than FSMAX's maximum drawdown of -50.55%. Use the drawdown chart below to compare losses from any high point for VHCOX and FSMAX.
Loading graphics...
Drawdown Indicators
| VHCOX | FSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.76% | -50.55% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -14.64% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -27.59% | -36.31% | +8.72% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -50.55% | +16.77% |
Current DrawdownCurrent decline from peak | -9.29% | -7.18% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -12.29% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.57% | -0.21% |
Volatility
VHCOX vs. FSMAX - Volatility Comparison
Vanguard Capital Opportunity Fund Investor Shares (VHCOX) and Fidelity Extended Market Index Fund (FSMAX) have volatilities of 7.31% and 7.01%, 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 graphics...
Volatility by Period
| VHCOX | FSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 7.01% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 13.51% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 23.00% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 22.36% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.22% | 30.21% | -9.99% |