VLCAX vs. FSKAX
VLCAX (Vanguard Large-Cap Index Fund Admiral Shares) and FSKAX (Fidelity Total Market Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, VLCAX returned 14.97%/yr vs 14.44%/yr for FSKAX. Their 0.99 correlation means they have historically moved very closely together. VLCAX charges 0.05%/yr vs 0.01%/yr for FSKAX.
Performance
VLCAX vs. FSKAX - Performance Comparison
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Returns By Period
In the year-to-date period, VLCAX achieves a 9.02% return, which is significantly lower than FSKAX's 9.87% return. Both investments have delivered pretty close results over the past 10 years, with VLCAX having a 14.97% annualized return and FSKAX not far behind at 14.44%.
VLCAX
- 1D
- 1.71%
- 1M
- -0.63%
- 6M
- 7.78%
- YTD
- 9.02%
- 1Y
- 20.12%
- 3Y*
- 19.13%
- 5Y*
- 12.21%
- 10Y*
- 14.97%
- ALL TIME*
- 10.81%
FSKAX
- 1D
- 1.63%
- 1M
- -0.80%
- 6M
- 8.19%
- YTD
- 9.87%
- 1Y
- 20.99%
- 3Y*
- 18.61%
- 5Y*
- 11.63%
- 10Y*
- 14.44%
- ALL TIME*
- 14.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VLCAX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLCAX Vanguard Large-Cap Index Fund Admiral Shares | 9.02% | 18.09% | 25.10% | 27.26% | -19.69% | 27.02% | 21.03% | 31.39% | -4.49% | 22.02% |
FSKAX Fidelity Total Market Index Fund | 9.87% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Correlation
The correlation between VLCAX and FSKAX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011 | 0.99 |
The correlation between VLCAX and FSKAX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
VLCAX vs. FSKAX — Risk / Return Rank
VLCAX
FSKAX
VLCAX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) and Fidelity Total Market Index Fund (FSKAX). 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.
| VLCAX | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.09 | -0.14 |
| Martin ratioReturn relative to average drawdown | 8.23 | 8.96 | -0.73 |
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Drawdowns
VLCAX vs. FSKAX - Drawdown Comparison
The maximum VLCAX drawdown since its inception was -54.76%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for VLCAX and FSKAX.
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Drawdown Indicators
| VLCAX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.76% | -35.01% | -19.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -8.92% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -19.43% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -25.39% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -35.01% | +1.04% |
Current DrawdownCurrent decline from peak | -2.21% | -1.97% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -3.99% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.08% | +0.09% |
Volatility
VLCAX vs. FSKAX - Volatility Comparison
Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 3.48% and 3.43%, 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.
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Volatility by Period
| VLCAX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.43% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 10.33% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 13.21% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 17.52% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 18.45% | -0.24% |
VLCAX vs. FSKAX - Expense Ratio Comparison
VLCAX has a 0.05% expense ratio, which is higher than FSKAX'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%.
Dividends
VLCAX vs. FSKAX - Dividend Comparison
VLCAX's dividend yield for the trailing twelve months is around 1.02%, more than FSKAX's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 0.95% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
VLCAX Vanguard Large-Cap Index Fund Admiral Shares | 1.02% | 1.08% | 1.23% | 1.40% | 1.66% | 1.18% | 1.45% | 1.80% | 2.08% | 1.75% | 1.98% | 1.96% |
Frequently Asked Questions
With a correlation of 0.99, VLCAX and FSKAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VLCAX has higher volatility (3.48%) compared to FSKAX (3.43%). In terms of maximum drawdown, VLCAX dropped -54.76% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (1.41 vs 1.38), 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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