VTWO vs. FSLCX
VTWO (Vanguard Russell 2000 ETF) and FSLCX (Fidelity Small Cap Stock Fund) are both Small Cap Blend Equities funds. Over the past 10 years, VTWO returned 10.77%/yr vs 10.21%/yr for FSLCX. Their correlation of 0.95 means they have usually moved in the same direction. VTWO charges 0.06%/yr vs 0.90%/yr for FSLCX.
Performance
VTWO vs. FSLCX - Performance Comparison
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Returns By Period
In the year-to-date period, VTWO achieves a 20.92% return, which is significantly higher than FSLCX's 17.91% return. Over the past 10 years, VTWO has outperformed FSLCX with an annualized return of 10.77%, while FSLCX has yielded a comparatively lower 10.21% annualized return.
VTWO
- 1D
- 1.69%
- 1M
- -0.42%
- 6M
- 13.61%
- YTD
- 20.92%
- 1Y
- 39.49%
- 3Y*
- 16.67%
- 5Y*
- 7.83%
- 10Y*
- 10.77%
- ALL TIME*
- 11.43%
FSLCX
- 1D
- 0.39%
- 1M
- -1.93%
- 6M
- 12.48%
- YTD
- 17.91%
- 1Y
- 31.10%
- 3Y*
- 16.31%
- 5Y*
- 7.25%
- 10Y*
- 10.21%
- ALL TIME*
- 9.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $175.64M | $193.82M | $227.97M |
VTWO vs. FSLCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTWO Vanguard Russell 2000 ETF | 20.92% | 12.90% | 11.55% | 17.08% | -20.49% | 14.79% | 20.22% | 25.81% | -11.15% | 14.69% |
FSLCX Fidelity Small Cap Stock Fund | 17.91% | 14.95% | 9.27% | 19.70% | -22.71% | 20.26% | 13.80% | 29.46% | -11.70% | 13.78% |
Correlation
The correlation between VTWO and FSLCX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.95 |
The correlation between VTWO and FSLCX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
VTWO vs. FSLCX — Risk / Return Rank
VTWO
FSLCX
VTWO vs. FSLCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 ETF (VTWO) and Fidelity Small Cap Stock Fund (FSLCX). 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.
| VTWO | FSLCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 2.34 | +1.27 |
| Martin ratioReturn relative to average drawdown | 12.83 | 7.74 | +5.09 |
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Drawdowns
VTWO vs. FSLCX - Drawdown Comparison
The maximum VTWO drawdown since its inception was -41.19%, smaller than the maximum FSLCX drawdown of -61.22%. Use the drawdown chart below to compare losses from any high point for VTWO and FSLCX.
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Drawdown Indicators
| VTWO | FSLCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -61.22% | +20.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -12.51% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -27.57% | -22.01% | -5.56% |
Max Drawdown (5Y)Largest decline over 5 years | -31.88% | -30.04% | -1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | -45.42% | +4.23% |
Current DrawdownCurrent decline from peak | -1.40% | -5.31% | +3.91% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -9.78% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.77% | -0.68% |
Volatility
VTWO vs. FSLCX - Volatility Comparison
The current volatility for Vanguard Russell 2000 ETF (VTWO) is 4.16%, while Fidelity Small Cap Stock Fund (FSLCX) has a volatility of 5.93%. This indicates that VTWO experiences smaller price fluctuations and is considered to be less risky than FSLCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTWO | FSLCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 5.93% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 15.77% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 19.81% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 21.23% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.07% | 21.30% | +1.77% |
VTWO vs. FSLCX - Expense Ratio Comparison
VTWO has a 0.06% expense ratio, which is lower than FSLCX's 0.90% expense ratio.
Dividends
VTWO vs. FSLCX - Dividend Comparison
VTWO's dividend yield for the trailing twelve months is around 1.09%, less than FSLCX's 13.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLCX Fidelity Small Cap Stock Fund | 13.65% | 14.91% | 1.86% | 0.02% | 7.91% | 22.97% | 0.00% | 0.31% | 26.25% | 8.92% | 3.85% | 10.97% |
VTWO Vanguard Russell 2000 ETF | 1.09% | 1.25% | 1.21% | 1.45% | 1.48% | 1.13% | 0.92% | 1.36% | 1.41% | 1.18% | 1.27% | 1.23% |
Frequently Asked Questions
With a correlation of 0.92, VTWO and FSLCX 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.
FSLCX has higher volatility (5.93%) compared to VTWO (4.16%). In terms of maximum drawdown, VTWO dropped -41.19% vs FSLCX's -61.22%.
VTWO currently has the higher Sharpe Ratio (2.06 vs 1.48), 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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