VRNIX vs. FSKAX
VRNIX (Vanguard Russell 1000 Index Fund Institutional Shares) and FSKAX (Fidelity Total Market Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, VRNIX returned 15.43%/yr vs 15.01%/yr for FSKAX. With a 1.00 correlation, they move nearly in lockstep. VRNIX charges 0.07%/yr vs 0.01%/yr for FSKAX.
Performance
VRNIX vs. FSKAX - Performance Comparison
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Returns By Period
In the year-to-date period, VRNIX achieves a 10.55% return, which is significantly lower than FSKAX's 11.22% return. Both investments have delivered pretty close results over the past 10 years, with VRNIX having a 15.43% annualized return and FSKAX not far behind at 15.01%.
VRNIX
- 1D
- -0.74%
- 1M
- 4.10%
- YTD
- 10.55%
- 6M
- 10.37%
- 1Y
- 27.08%
- 3Y*
- 21.99%
- 5Y*
- 13.41%
- 10Y*
- 15.43%
FSKAX
- 1D
- -0.77%
- 1M
- 4.09%
- YTD
- 11.22%
- 6M
- 10.94%
- 1Y
- 28.11%
- 3Y*
- 22.10%
- 5Y*
- 12.71%
- 10Y*
- 15.01%
VRNIX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRNIX Vanguard Russell 1000 Index Fund Institutional Shares | 10.55% | 16.94% | 24.44% | 26.49% | -19.19% | 28.64% | 20.90% | 31.36% | -4.84% | 21.58% |
FSKAX Fidelity Total Market Index Fund | 11.22% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Correlation
The correlation between VRNIX and FSKAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 1.00 |
The correlation between VRNIX and FSKAX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
VRNIX vs. FSKAX — Risk / Return Rank
VRNIX
FSKAX
VRNIX vs. FSKAX - 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 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.
| VRNIX | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.17 | -0.09 |
| Martin ratioReturn relative to average drawdown | 14.21 | 14.55 | -0.33 |
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
| VRNIX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.30 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.73 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.82 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.85 | +0.01 |
Drawdowns
VRNIX vs. FSKAX - Drawdown Comparison
The maximum VRNIX drawdown since its inception was -34.57%, roughly equal to the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for VRNIX and FSKAX.
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Drawdown Indicators
| VRNIX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -35.01% | +0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -8.92% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.40% | -19.43% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -25.39% | +0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -34.57% | -35.01% | +0.44% |
Current DrawdownCurrent decline from peak | -0.74% | -0.77% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -4.02% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.94% | -0.03% |
Volatility
VRNIX vs. FSKAX - Volatility Comparison
Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 2.95% and 3.08%, 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
| VRNIX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 3.08% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 9.25% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 12.29% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 17.41% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 18.46% | -0.19% |
VRNIX vs. FSKAX - Expense Ratio Comparison
VRNIX has a 0.07% 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
VRNIX vs. FSKAX - Dividend Comparison
VRNIX's dividend yield for the trailing twelve months is around 1.00%, more than FSKAX's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 0.94% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
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
With a correlation of 1.00, VRNIX 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.
FSKAX has higher volatility (3.08%) compared to VRNIX (2.95%). In terms of maximum drawdown, VRNIX dropped -34.57% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (2.30 vs 2.27), 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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