VITSX vs. FUENX
VITSX (Vanguard Total Stock Market Index Fund Institutional Shares) and FUENX (Fidelity Flex Municipal Income Fund) are both mutual funds - VITSX is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while FUENX is a Municipal Bonds fund managed by Fidelity. Over the past 5 years, VITSX returned 12.37%/yr vs 1.32%/yr for FUENX. At a 0.04 correlation, their price movements are largely independent. VITSX charges 0.03%/yr vs 0.00%/yr for FUENX.
Performance
VITSX vs. FUENX - Performance Comparison
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Returns By Period
In the year-to-date period, VITSX achieves a 10.34% return, which is significantly higher than FUENX's 1.89% return.
VITSX
- 1D
- -0.34%
- 1M
- 0.55%
- YTD
- 10.34%
- 6M
- 9.19%
- 1Y
- 25.94%
- 3Y*
- 21.18%
- 5Y*
- 12.37%
- 10Y*
- 15.30%
FUENX
- 1D
- 0.00%
- 1M
- 1.61%
- YTD
- 1.89%
- 6M
- 2.28%
- 1Y
- 7.22%
- 3Y*
- 4.35%
- 5Y*
- 1.32%
- 10Y*
- —
VITSX vs. FUENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VITSX Vanguard Total Stock Market Index Fund Institutional Shares | 10.34% | 17.14% | 23.25% | 26.51% | -19.51% | 25.74% | 20.99% | 30.80% | -5.18% | 4.66% |
FUENX Fidelity Flex Municipal Income Fund | 1.89% | 4.63% | 2.32% | 7.27% | -9.29% | 1.99% | 3.07% | 8.27% | 0.72% | 1.02% |
Correlation
The correlation between VITSX and FUENX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.04 |
The correlation between VITSX and FUENX shifts across timeframes, from 0.04 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VITSX vs. FUENX — Risk / Return Rank
VITSX
FUENX
VITSX vs. FUENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market Index Fund Institutional Shares (VITSX) and Fidelity Flex Municipal Income Fund (FUENX). 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.
| VITSX | FUENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.75 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.67 | +0.39 |
| Martin ratioReturn relative to average drawdown | 13.68 | 9.54 | +4.14 |
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Drawdowns
VITSX vs. FUENX - Drawdown Comparison
The maximum VITSX drawdown since its inception was -55.30%, which is greater than FUENX's maximum drawdown of -14.32%. Use the drawdown chart below to compare losses from any high point for VITSX and FUENX.
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Drawdown Indicators
| VITSX | FUENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.30% | -14.32% | -40.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -2.77% | -6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.36% | -5.34% | -14.02% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -14.32% | -11.04% |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -0.24% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -2.90% | -7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.77% | +1.22% |
Volatility
VITSX vs. FUENX - Volatility Comparison
Vanguard Total Stock Market Index Fund Institutional Shares (VITSX) has a higher volatility of 4.77% compared to Fidelity Flex Municipal Income Fund (FUENX) at 0.69%. This indicates that VITSX's price experiences larger fluctuations and is considered to be riskier than FUENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VITSX | FUENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 0.69% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 1.98% | +8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 2.58% | +10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 3.78% | +13.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 4.19% | +14.27% |
VITSX vs. FUENX - Expense Ratio Comparison
VITSX has a 0.03% expense ratio, which is higher than FUENX's 0.00% 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%.
Dividends
VITSX vs. FUENX - Dividend Comparison
VITSX's dividend yield for the trailing twelve months is around 1.02%, less than FUENX's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | 3.25% | 3.14% | 2.90% | 2.58% | 1.38% | 1.40% | 1.54% | 2.95% | 2.61% | 0.41% | 0.00% | 0.00% |
VITSX Vanguard Total Stock Market Index Fund Institutional Shares | 1.02% | 1.12% | 1.27% | 1.43% | 1.66% | 1.21% | 1.42% | 1.77% | 2.04% | 1.71% | 1.93% | 1.99% |
Frequently Asked Questions
VITSX and FUENX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VITSX has higher volatility (4.77%) compared to FUENX (0.69%). In terms of maximum drawdown, VITSX dropped -55.30% vs FUENX's -14.32%.
FUENX currently has the higher Sharpe Ratio (2.87 vs 2.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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