VVIAX vs. FVWSX
VVIAX (Vanguard Value Index Fund Admiral Shares) and FVWSX (Fidelity Series Opportunistic Insights Fund) are both mutual funds - VVIAX is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while FVWSX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, VVIAX returned 12.46%/yr vs 17.81%/yr for FVWSX. A 0.72 correlation means they provide meaningful diversification when combined. VVIAX charges 0.05%/yr vs 0.00%/yr for FVWSX.
Performance
VVIAX vs. FVWSX - Performance Comparison
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Returns By Period
In the year-to-date period, VVIAX achieves a 12.21% return, which is significantly higher than FVWSX's 10.16% return. Over the past 10 years, VVIAX has underperformed FVWSX with an annualized return of 12.46%, while FVWSX has yielded a comparatively higher 17.81% annualized return.
VVIAX
- 1D
- -0.02%
- 1M
- 3.21%
- YTD
- 12.21%
- 6M
- 13.06%
- 1Y
- 26.79%
- 3Y*
- 18.23%
- 5Y*
- 11.21%
- 10Y*
- 12.46%
FVWSX
- 1D
- 0.50%
- 1M
- 3.96%
- YTD
- 10.16%
- 6M
- 11.66%
- 1Y
- 26.62%
- 3Y*
- 28.53%
- 5Y*
- 15.42%
- 10Y*
- 17.81%
VVIAX vs. FVWSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VVIAX Vanguard Value Index Fund Admiral Shares | 12.21% | 15.27% | 16.00% | 9.22% | -2.07% | 26.51% | 2.29% | 25.81% | -5.45% | 17.13% |
FVWSX Fidelity Series Opportunistic Insights Fund | 10.16% | 22.69% | 36.47% | 33.21% | -25.74% | 24.95% | 31.17% | 30.57% | -2.07% | 33.19% |
Correlation
The correlation between VVIAX and FVWSX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2012 | 0.72 |
Over the past year, the correlation between VVIAX and FVWSX has dropped to 0.51 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
VVIAX vs. FVWSX — Risk / Return Rank
VVIAX
FVWSX
VVIAX vs. FVWSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund Admiral Shares (VVIAX) and Fidelity Series Opportunistic Insights Fund (FVWSX). 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.
| VVIAX | FVWSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.34 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 2.61 | +1.52 |
| Martin ratioReturn relative to average drawdown | 15.57 | 11.59 | +3.99 |
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
| VVIAX | FVWSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 1.94 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.82 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.92 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.95 | -0.53 |
Drawdowns
VVIAX vs. FVWSX - Drawdown Comparison
The maximum VVIAX drawdown since its inception was -59.32%, which is greater than FVWSX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for VVIAX and FVWSX.
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Drawdown Indicators
| VVIAX | FVWSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.32% | -31.69% | -27.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.36% | -10.52% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.39% | -20.23% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -31.69% | +14.55% |
Max Drawdown (10Y)Largest decline over 10 years | -36.80% | -31.69% | -5.11% |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -5.28% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.37% | -0.68% |
Volatility
VVIAX vs. FVWSX - Volatility Comparison
The current volatility for Vanguard Value Index Fund Admiral Shares (VVIAX) is 2.57%, while Fidelity Series Opportunistic Insights Fund (FVWSX) has a volatility of 3.72%. This indicates that VVIAX experiences smaller price fluctuations and is considered to be less risky than FVWSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVIAX | FVWSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 3.72% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 10.75% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 14.18% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 18.79% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 19.38% | -2.64% |
VVIAX vs. FVWSX - Expense Ratio Comparison
VVIAX has a 0.05% expense ratio, which is higher than FVWSX's 0.00% 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
VVIAX vs. FVWSX - Dividend Comparison
VVIAX's dividend yield for the trailing twelve months is around 1.85%, less than FVWSX's 14.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVWSX Fidelity Series Opportunistic Insights Fund | 14.83% | 16.24% | 6.57% | 1.02% | 8.29% | 21.40% | 16.45% | 9.19% | 12.34% | 12.74% | 2.63% | 7.00% |
VVIAX Vanguard Value Index Fund Admiral Shares | 1.85% | 2.04% | 2.30% | 2.45% | 2.51% | 2.14% | 2.55% | 2.49% | 2.72% | 2.29% | 2.45% | 2.60% |
Frequently Asked Questions
VVIAX and FVWSX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FVWSX has higher volatility (3.72%) compared to VVIAX (2.57%). In terms of maximum drawdown, VVIAX dropped -59.32% vs FVWSX's -31.69%.
VVIAX currently has the higher Sharpe Ratio (2.61 vs 1.94), 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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