VITNX vs. FXAIX
Compare and contrast key facts about Vanguard Institutional Total Stock Market Index Fund Institutional Shares (VITNX) and Fidelity 500 Index Fund (FXAIX).
VITNX is managed by Vanguard. It was launched on Aug 31, 2001. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VITNX or FXAIX.
Key characteristics
| VITNX | FXAIX | |
|---|---|---|
| YTD Return | 17.67% | 19.12% |
| 1Y Return | 25.82% | 26.69% |
| 3Y Return (Ann) | 8.25% | 9.89% |
| 5Y Return (Ann) | 14.39% | 15.21% |
| 10Y Return (Ann) | 12.34% | 13.04% |
| Sharpe Ratio | 2.05 | 2.17 |
| Daily Std Dev | 13.14% | 12.79% |
| Max Drawdown | -55.32% | -33.79% |
| Current Drawdown | -0.67% | -0.50% |
Correlation
The correlation between VITNX and FXAIX is 0.99, 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
VITNX vs. FXAIX - Performance Comparison
In the year-to-date period, VITNX achieves a 17.67% return, which is significantly lower than FXAIX's 19.12% return. Over the past 10 years, VITNX has underperformed FXAIX with an annualized return of 12.34%, while FXAIX has yielded a comparatively higher 13.04% 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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VITNX vs. FXAIX - Expense Ratio Comparison
VITNX has a 0.03% expense ratio, which is higher than FXAIX's 0.02% 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
VITNX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Total Stock Market Index Fund Institutional Shares (VITNX) and Fidelity 500 Index Fund (FXAIX). 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
VITNX vs. FXAIX - Dividend Comparison
VITNX's dividend yield for the trailing twelve months is around 2.17%, more than FXAIX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITNX Vanguard Institutional Total Stock Market Index Fund Institutional Shares | 2.17% | 2.41% | 6.48% | 5.37% | 11.56% | 2.90% | 4.38% | 2.39% | 2.78% | 2.28% | 1.78% | 1.72% |
FXAIX Fidelity 500 Index Fund | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
VITNX vs. FXAIX - Drawdown Comparison
The maximum VITNX drawdown since its inception was -55.32%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for VITNX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
VITNX vs. FXAIX - Volatility Comparison
Vanguard Institutional Total Stock Market Index Fund Institutional Shares (VITNX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.48% and 4.37%, 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.