VSMAX vs. FSSNX
Compare and contrast key facts about Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Fidelity Small Cap Index Fund (FSSNX).
VSMAX is managed by Vanguard. It was launched on Nov 13, 2000. FSSNX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSMAX or FSSNX.
Performance
VSMAX vs. FSSNX - Performance Comparison
Returns By Period
In the year-to-date period, VSMAX achieves a 20.15% return, which is significantly higher than FSSNX's 18.13% return. Over the past 10 years, VSMAX has outperformed FSSNX with an annualized return of 9.70%, while FSSNX has yielded a comparatively lower 8.91% annualized return.
VSMAX
20.15%
6.56%
15.93%
33.95%
11.31%
9.70%
FSSNX
18.13%
6.07%
16.27%
33.64%
9.84%
8.91%
Key characteristics
| VSMAX | FSSNX | |
|---|---|---|
| Sharpe Ratio | 2.03 | 1.65 |
| Sortino Ratio | 2.82 | 2.38 |
| Omega Ratio | 1.35 | 1.29 |
| Calmar Ratio | 2.04 | 1.43 |
| Martin Ratio | 11.17 | 9.12 |
| Ulcer Index | 3.11% | 3.79% |
| Daily Std Dev | 17.12% | 20.92% |
| Max Drawdown | -59.68% | -41.72% |
| Current Drawdown | -0.95% | -2.86% |
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VSMAX vs. FSSNX - Expense Ratio Comparison
VSMAX has a 0.05% expense ratio, which is higher than FSSNX's 0.03% 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%.
Correlation
The correlation between VSMAX and FSSNX is 0.98, 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.
Risk-Adjusted Performance
VSMAX vs. FSSNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Fidelity Small Cap Index Fund (FSSNX). 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
VSMAX vs. FSSNX - Dividend Comparison
VSMAX's dividend yield for the trailing twelve months is around 1.30%, more than FSSNX's 1.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.30% | 1.55% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% | 1.31% |
FSSNX Fidelity Small Cap Index Fund | 1.04% | 1.43% | 1.26% | 1.26% | 0.94% | 1.32% | 1.33% | 1.15% | 1.24% | 2.80% | 4.80% | 2.82% |
Drawdowns
VSMAX vs. FSSNX - Drawdown Comparison
The maximum VSMAX drawdown since its inception was -59.68%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for VSMAX and FSSNX. For additional features, visit the drawdowns tool.
Volatility
VSMAX vs. FSSNX - Volatility Comparison
The current volatility for Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) is 5.62%, while Fidelity Small Cap Index Fund (FSSNX) has a volatility of 7.53%. This indicates that VSMAX experiences smaller price fluctuations and is considered to be less risky than FSSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.