VSMSX vs. FSSNX
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and Fidelity Small Cap Index Fund (FSSNX).
VSMSX is managed by Vanguard. It was launched on Apr 1, 2011. 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: VSMSX or FSSNX.
Key characteristics
| VSMSX | FSSNX | |
|---|---|---|
| YTD Return | 2.29% | 3.39% |
| 1Y Return | 20.72% | 20.30% |
| 3Y Return (Ann) | 1.22% | -0.68% |
| 5Y Return (Ann) | 8.85% | 7.57% |
| 10Y Return (Ann) | 9.31% | 8.39% |
| Sharpe Ratio | 1.14 | 1.09 |
| Daily Std Dev | 19.23% | 19.99% |
| Max Drawdown | -44.42% | -41.72% |
| Current Drawdown | -4.68% | -11.11% |
Correlation
The correlation between VSMSX 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.
Performance
VSMSX vs. FSSNX - Performance Comparison
In the year-to-date period, VSMSX achieves a 2.29% return, which is significantly lower than FSSNX's 3.39% return. Over the past 10 years, VSMSX has outperformed FSSNX with an annualized return of 9.31%, while FSSNX has yielded a comparatively lower 8.39% annualized return. 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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VSMSX vs. FSSNX - Expense Ratio Comparison
VSMSX has a 0.08% 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%.
Risk-Adjusted Performance
VSMSX vs. FSSNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) 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
VSMSX vs. FSSNX - Dividend Comparison
VSMSX's dividend yield for the trailing twelve months is around 1.46%, more than FSSNX's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 1.46% | 1.49% | 1.52% | 1.17% | 1.10% | 1.38% | 1.39% | 1.11% | 1.00% | 1.33% | 1.11% | 0.89% |
FSSNX Fidelity Small Cap Index Fund | 1.39% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 5.39% | 3.67% | 2.27% | 4.53% | 4.80% | 2.82% |
Drawdowns
VSMSX vs. FSSNX - Drawdown Comparison
The maximum VSMSX drawdown since its inception was -44.42%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for VSMSX and FSSNX. For additional features, visit the drawdowns tool.
Volatility
VSMSX vs. FSSNX - Volatility Comparison
The current volatility for Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) is 4.14%, while Fidelity Small Cap Index Fund (FSSNX) has a volatility of 4.53%. This indicates that VSMSX 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.