VITPX vs. FSMAX
Compare and contrast key facts about Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX) and Fidelity Extended Market Index Fund (FSMAX).
VITPX is managed by Vanguard. It was launched on May 31, 2001. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VITPX or FSMAX.
Correlation
The correlation between VITPX and FSMAX is 0.91, 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
VITPX vs. FSMAX - Performance Comparison
Key characteristics
VITPX:
1.61
FSMAX:
1.08
VITPX:
2.18
FSMAX:
1.58
VITPX:
1.30
FSMAX:
1.19
VITPX:
2.48
FSMAX:
1.11
VITPX:
9.06
FSMAX:
5.11
VITPX:
2.34%
FSMAX:
3.71%
VITPX:
13.17%
FSMAX:
17.49%
VITPX:
-55.28%
FSMAX:
-41.67%
VITPX:
-0.83%
FSMAX:
-3.54%
Returns By Period
The year-to-date returns for both investments are quite close, with VITPX having a 4.62% return and FSMAX slightly higher at 4.81%. Over the past 10 years, VITPX has outperformed FSMAX with an annualized return of 9.93%, while FSMAX has yielded a comparatively lower 6.59% annualized return.
VITPX
4.62%
2.32%
8.84%
22.67%
9.51%
9.93%
FSMAX
4.81%
0.78%
13.23%
21.45%
8.15%
6.59%
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VITPX vs. FSMAX - Expense Ratio Comparison
VITPX has a 0.02% expense ratio, which is lower than FSMAX's 0.04% 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%.
Risk-Adjusted Performance
VITPX vs. FSMAX — Risk-Adjusted Performance Rank
VITPX
FSMAX
VITPX vs. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX) 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
VITPX vs. FSMAX - Dividend Comparison
VITPX's dividend yield for the trailing twelve months is around 1.25%, more than FSMAX's 0.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITPX Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares | 1.25% | 1.31% | 1.47% | 1.71% | 1.26% | 1.65% | 1.82% | 2.20% | 1.74% | 2.04% | 2.30% | 1.80% |
FSMAX Fidelity Extended Market Index Fund | 0.46% | 0.48% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% |
Drawdowns
VITPX vs. FSMAX - Drawdown Comparison
The maximum VITPX drawdown since its inception was -55.28%, which is greater than FSMAX's maximum drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for VITPX and FSMAX. For additional features, visit the drawdowns tool.
Volatility
VITPX vs. FSMAX - Volatility Comparison
The current volatility for Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX) is 3.07%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 3.90%. This indicates that VITPX 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.