VMCPX vs. FSKAX
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) and Fidelity Total Market Index Fund (FSKAX).
VMCPX is managed by Vanguard. It was launched on Dec 15, 2010. FSKAX is managed by Fidelity.
Performance
VMCPX vs. FSKAX - Performance Comparison
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VMCPX vs. FSKAX - 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% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, VMCPX achieves a -2.79% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, VMCPX has underperformed FSKAX with an annualized return of 10.44%, while FSKAX has yielded a comparatively higher 13.23% 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%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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VMCPX vs. FSKAX - Expense Ratio Comparison
VMCPX has a 0.03% 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%.
Return for Risk
VMCPX vs. FSKAX — Risk / Return Rank
VMCPX
FSKAX
VMCPX vs. FSKAX - 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 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.
| VMCPX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.83 | -0.20 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.29 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.19 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.04 | -0.31 |
Martin ratioReturn relative to average drawdown | 3.40 | 5.05 | -1.65 |
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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.83 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.59 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.72 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.78 | -0.19 |
Correlation
The correlation between VMCPX and FSKAX is 0.95, 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. FSKAX - Dividend Comparison
VMCPX's dividend yield for the trailing twelve months is around 1.55%, more than FSKAX's 1.09% 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% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
VMCPX vs. FSKAX - Drawdown Comparison
The maximum VMCPX drawdown since its inception was -39.30%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for VMCPX and FSKAX.
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Drawdown Indicators
| VMCPX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -35.01% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -12.42% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.54% | -25.39% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -35.01% | -4.29% |
Current DrawdownCurrent decline from peak | -8.13% | -8.92% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -4.05% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.57% | +0.17% |
Volatility
VMCPX vs. FSKAX - Volatility Comparison
Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 4.23% and 4.42%, 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
| VMCPX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 4.42% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 9.40% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 18.50% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 17.38% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 18.42% | +0.48% |