VSPVX vs. FXAIX
Compare and contrast key facts about Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and Fidelity 500 Index Fund (FXAIX).
VSPVX is managed by Vanguard. It was launched on Mar 3, 2015. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
VSPVX vs. FXAIX - Performance Comparison
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VSPVX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 0.02% | 12.62% | 11.99% | 22.39% | -5.33% | 24.80% | 1.23% | 31.84% | -9.02% | 15.28% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, VSPVX achieves a 0.02% return, which is significantly higher than FXAIX's -4.34% return. Over the past 10 years, VSPVX has underperformed FXAIX with an annualized return of 11.31%, while FXAIX has yielded a comparatively higher 14.08% annualized return.
VSPVX
- 1D
- 1.73%
- 1M
- -4.47%
- YTD
- 0.02%
- 6M
- 2.93%
- 1Y
- 12.95%
- 3Y*
- 13.66%
- 5Y*
- 10.32%
- 10Y*
- 11.31%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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VSPVX vs. FXAIX - Expense Ratio Comparison
VSPVX has a 0.08% expense ratio, which is higher than FXAIX'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%.
Return for Risk
VSPVX vs. FXAIX — Risk / Return Rank
VSPVX
FXAIX
VSPVX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and Fidelity 500 Index Fund (FXAIX). 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.
| VSPVX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.97 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.49 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.52 | -0.37 |
Martin ratioReturn relative to average drawdown | 5.43 | 7.30 | -1.86 |
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
| VSPVX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.97 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.70 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.78 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.76 | -0.16 |
Correlation
The correlation between VSPVX and FXAIX is 0.87, 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.
Dividends
VSPVX vs. FXAIX - Dividend Comparison
VSPVX's dividend yield for the trailing twelve months is around 1.82%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 1.82% | 1.35% | 2.12% | 1.70% | 2.21% | 1.88% | 2.46% | 2.12% | 2.73% | 2.18% | 2.30% | 2.47% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
VSPVX vs. FXAIX - Drawdown Comparison
The maximum VSPVX drawdown since its inception was -37.05%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for VSPVX and FXAIX.
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Drawdown Indicators
| VSPVX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.05% | -33.79% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -12.13% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -24.50% | +6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | -33.79% | -3.26% |
Current DrawdownCurrent decline from peak | -4.58% | -6.23% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -3.83% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.53% | +0.03% |
Volatility
VSPVX vs. FXAIX - Volatility Comparison
The current volatility for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) is 3.84%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 5.34%. This indicates that VSPVX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSPVX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 5.34% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 9.53% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 18.32% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 16.92% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 18.05% | -0.96% |