VRNIX vs. FSCSX
VRNIX (Vanguard Russell 1000 Index Fund Institutional Shares) and FSCSX (Fidelity Select Software & IT Services Portfolio) are both mutual funds - VRNIX is a Large Cap Blend Equities fund managed by Vanguard, while FSCSX is a Technology Equities fund actively managed by Fidelity. Over the past 10 years, VRNIX returned 15.26%/yr vs 16.94%/yr for FSCSX. Their correlation of 0.84 means they have usually moved in the same direction. VRNIX charges 0.07%/yr vs 0.67%/yr for FSCSX.
Performance
VRNIX vs. FSCSX - Performance Comparison
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Returns By Period
In the year-to-date period, VRNIX achieves a 13.62% return, which is significantly higher than FSCSX's 0.36% return. Over the past 10 years, VRNIX has underperformed FSCSX with an annualized return of 15.26%, while FSCSX has yielded a comparatively higher 16.94% annualized return.
VRNIX
- 1D
- 1.82%
- 1M
- 2.51%
- 6M
- 12.90%
- YTD
- 13.62%
- 1Y
- 23.66%
- 3Y*
- 21.12%
- 5Y*
- 12.95%
- 10Y*
- 15.26%
- ALL TIME*
- 14.80%
FSCSX
- 1D
- 3.68%
- 1M
- 11.75%
- 6M
- 26.04%
- YTD
- 0.36%
- 1Y
- 0.24%
- 3Y*
- 14.34%
- 5Y*
- 6.87%
- 10Y*
- 16.94%
- ALL TIME*
- 15.77%
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 |
VRNIX vs. FSCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRNIX Vanguard Russell 1000 Index Fund Institutional Shares | 13.62% | 16.94% | 24.44% | 26.49% | -19.19% | 28.64% | 20.90% | 31.36% | -4.84% | 21.58% |
FSCSX Fidelity Select Software & IT Services Portfolio | 0.36% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
Correlation
The correlation between VRNIX and FSCSX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.84 |
Over the past year, the correlation between VRNIX and FSCSX has dropped to 0.53 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
VRNIX vs. FSCSX — Risk / Return Rank
VRNIX
FSCSX
VRNIX vs. FSCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) and Fidelity Select Software & IT Services Portfolio (FSCSX). 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.
| VRNIX | FSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.02 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | -0.03 | +2.65 |
| Martin ratioReturn relative to average drawdown | 11.27 | -0.06 | +11.33 |
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Drawdowns
VRNIX vs. FSCSX - Drawdown Comparison
The maximum VRNIX drawdown since its inception was -34.57%, smaller than the maximum FSCSX drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for VRNIX and FSCSX.
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Drawdown Indicators
| VRNIX | FSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -64.66% | +30.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -34.24% | +25.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.40% | -34.24% | +14.84% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -37.06% | +11.92% |
Max Drawdown (10Y)Largest decline over 10 years | -34.57% | -37.06% | +2.49% |
Current DrawdownCurrent decline from peak | 0.00% | -5.38% | +5.38% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -13.23% | +9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 16.66% | -14.61% |
Volatility
VRNIX vs. FSCSX - Volatility Comparison
The current volatility for Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) is 4.12%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 8.61%. This indicates that VRNIX experiences smaller price fluctuations and is considered to be less risky than FSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRNIX | FSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 8.61% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 25.71% | -15.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 29.98% | -16.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 26.94% | -9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 24.81% | -6.52% |
VRNIX vs. FSCSX - Expense Ratio Comparison
VRNIX has a 0.07% expense ratio, which is lower than FSCSX's 0.67% expense ratio.
Dividends
VRNIX vs. FSCSX - Dividend Comparison
VRNIX's dividend yield for the trailing twelve months is around 1.00%, less than FSCSX's 20.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCSX Fidelity Select Software & IT Services Portfolio | 20.02% | 15.40% | 19.17% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% |
VRNIX Vanguard Russell 1000 Index Fund Institutional Shares | 1.00% | 0.82% | 1.21% | 1.41% | 1.59% | 2.86% | 1.46% | 1.65% | 2.00% | 1.73% | 1.93% | 1.92% |
Frequently Asked Questions
VRNIX and FSCSX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (8.61%) compared to VRNIX (4.12%). In terms of maximum drawdown, VRNIX dropped -34.57% vs FSCSX's -64.66%.
VRNIX currently has the higher Sharpe Ratio (1.79 vs -0.03), 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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