VMFGX vs. FSMAX
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) and Fidelity Extended Market Index Fund (FSMAX).
VMFGX is managed by Vanguard. It was launched on Mar 28, 2011. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMFGX or FSMAX.
Key characteristics
| VMFGX | FSMAX | |
|---|---|---|
| YTD Return | 21.87% | 21.43% |
| 1Y Return | 32.17% | 37.46% |
| 3Y Return (Ann) | 4.24% | 1.20% |
| 5Y Return (Ann) | 11.85% | 11.64% |
| 10Y Return (Ann) | 10.51% | 10.24% |
| Sharpe Ratio | 2.22 | 2.37 |
| Sortino Ratio | 3.10 | 3.26 |
| Omega Ratio | 1.38 | 1.41 |
| Calmar Ratio | 2.37 | 1.69 |
| Martin Ratio | 11.99 | 13.75 |
| Ulcer Index | 3.06% | 3.16% |
| Daily Std Dev | 16.53% | 18.34% |
| Max Drawdown | -39.15% | -41.67% |
| Current Drawdown | -1.58% | -1.73% |
Correlation
The correlation between VMFGX and FSMAX 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.
Performance
VMFGX vs. FSMAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VMFGX having a 21.87% return and FSMAX slightly lower at 21.43%. Both investments have delivered pretty close results over the past 10 years, with VMFGX having a 10.51% annualized return and FSMAX not far behind at 10.24%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMFGX vs. FSMAX - Expense Ratio Comparison
VMFGX has a 0.08% expense ratio, which is higher than FSMAX's 0.04% 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%.
Risk-Adjusted Performance
VMFGX vs. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) 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
VMFGX vs. FSMAX - Dividend Comparison
VMFGX's dividend yield for the trailing twelve months is around 1.00%, more than FSMAX's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMFGX Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares | 1.00% | 1.21% | 1.12% | 0.53% | 0.79% | 1.22% | 1.18% | 0.93% | 1.14% | 1.14% | 0.91% | 0.75% |
FSMAX Fidelity Extended Market Index Fund | 0.88% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% | 4.09% |
Drawdowns
VMFGX vs. FSMAX - Drawdown Comparison
The maximum VMFGX drawdown since its inception was -39.15%, smaller than the maximum FSMAX drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for VMFGX and FSMAX. For additional features, visit the drawdowns tool.
Volatility
VMFGX vs. FSMAX - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) is 4.89%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 6.02%. This indicates that VMFGX 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.