VMCPX vs. FITIX
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) and Fidelity Advisor Mid Cap II Fund Class M (FITIX).
VMCPX is managed by Vanguard. It was launched on Dec 15, 2010. FITIX is managed by Fidelity. It was launched on Aug 12, 2004.
Performance
VMCPX vs. FITIX - Performance Comparison
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VMCPX vs. FITIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares | -2.79% | 11.70% | 14.68% | 16.55% | -18.68% | 24.54% | 18.20% | 31.06% | -9.23% | 19.28% |
FITIX Fidelity Advisor Mid Cap II Fund Class M | 1.16% | 11.29% | 22.41% | 14.40% | -15.22% | 24.61% | 18.05% | 23.04% | -15.37% | 19.97% |
Returns By Period
In the year-to-date period, VMCPX achieves a -2.79% return, which is significantly lower than FITIX's 1.16% return. Over the past 10 years, VMCPX has underperformed FITIX with an annualized return of 10.44%, while FITIX has yielded a comparatively higher 11.01% annualized return.
VMCPX
- 1D
- -0.66%
- 1M
- -7.87%
- YTD
- -2.79%
- 6M
- -3.58%
- 1Y
- 10.32%
- 3Y*
- 11.80%
- 5Y*
- 6.52%
- 10Y*
- 10.44%
FITIX
- 1D
- -1.46%
- 1M
- -8.88%
- YTD
- 1.16%
- 6M
- 5.29%
- 1Y
- 21.13%
- 3Y*
- 15.20%
- 5Y*
- 8.50%
- 10Y*
- 11.01%
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VMCPX vs. FITIX - Expense Ratio Comparison
VMCPX has a 0.03% expense ratio, which is lower than FITIX's 1.25% expense ratio.
Return for Risk
VMCPX vs. FITIX — Risk / Return Rank
VMCPX
FITIX
VMCPX vs. FITIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) and Fidelity Advisor Mid Cap II Fund Class M (FITIX). 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.
| VMCPX | FITIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.97 | -0.34 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.42 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.27 | -0.54 |
Martin ratioReturn relative to average drawdown | 3.40 | 5.59 | -2.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMCPX | FITIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.97 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.42 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.53 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.50 | +0.09 |
Correlation
The correlation between VMCPX and FITIX is 0.96, 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
VMCPX vs. FITIX - Dividend Comparison
VMCPX's dividend yield for the trailing twelve months is around 1.55%, less than FITIX's 7.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares | 1.55% | 1.53% | 1.50% | 1.52% | 1.61% | 1.13% | 1.45% | 1.49% | 1.84% | 1.37% | 1.47% | 1.50% |
FITIX Fidelity Advisor Mid Cap II Fund Class M | 7.35% | 10.82% | 11.68% | 2.52% | 5.82% | 19.35% | 1.01% | 3.07% | 10.58% | 7.57% | 9.20% | 4.84% |
Drawdowns
VMCPX vs. FITIX - Drawdown Comparison
The maximum VMCPX drawdown since its inception was -39.30%, smaller than the maximum FITIX drawdown of -53.22%. Use the drawdown chart below to compare losses from any high point for VMCPX and FITIX.
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Drawdown Indicators
| VMCPX | FITIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -53.22% | +13.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -14.86% | +2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.54% | -25.10% | -2.44% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -42.59% | +3.29% |
Current DrawdownCurrent decline from peak | -8.13% | -9.87% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -8.11% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 3.37% | -0.63% |
Volatility
VMCPX vs. FITIX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) is 4.23%, while Fidelity Advisor Mid Cap II Fund Class M (FITIX) has a volatility of 7.69%. This indicates that VMCPX experiences smaller price fluctuations and is considered to be less risky than FITIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMCPX | FITIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 7.69% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 13.44% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 22.10% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 20.45% | -2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 21.05% | -2.15% |