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FXAIX vs. VWLUX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FXAIX and VWLUX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.1

Performance

FXAIX vs. VWLUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity 500 Index Fund (FXAIX) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
420.04%
57.12%
FXAIX
VWLUX

Key characteristics

Sharpe Ratio

FXAIX:

0.56

VWLUX:

0.10

Sortino Ratio

FXAIX:

0.90

VWLUX:

0.17

Omega Ratio

FXAIX:

1.13

VWLUX:

1.03

Calmar Ratio

FXAIX:

0.58

VWLUX:

0.09

Martin Ratio

FXAIX:

2.42

VWLUX:

0.35

Ulcer Index

FXAIX:

4.51%

VWLUX:

1.74%

Daily Std Dev

FXAIX:

19.54%

VWLUX:

5.96%

Max Drawdown

FXAIX:

-33.79%

VWLUX:

-16.38%

Current Drawdown

FXAIX:

-10.55%

VWLUX:

-4.92%

Returns By Period

In the year-to-date period, FXAIX achieves a -6.41% return, which is significantly lower than VWLUX's -2.64% return. Over the past 10 years, FXAIX has outperformed VWLUX with an annualized return of 11.85%, while VWLUX has yielded a comparatively lower 2.18% annualized return.


FXAIX

YTD

-6.41%

1M

-5.00%

6M

-5.00%

1Y

9.57%

5Y*

15.90%

10Y*

11.85%

VWLUX

YTD

-2.64%

1M

-2.12%

6M

-1.86%

1Y

0.70%

5Y*

1.01%

10Y*

2.18%

*Annualized

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FXAIX vs. VWLUX - Expense Ratio Comparison

FXAIX has a 0.02% expense ratio, which is lower than VWLUX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for VWLUX: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VWLUX: 0.09%
Expense ratio chart for FXAIX: current value is 0.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FXAIX: 0.02%

Risk-Adjusted Performance

FXAIX vs. VWLUX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXAIX
The Risk-Adjusted Performance Rank of FXAIX is 6565
Overall Rank
The Sharpe Ratio Rank of FXAIX is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of FXAIX is 6262
Sortino Ratio Rank
The Omega Ratio Rank of FXAIX is 6464
Omega Ratio Rank
The Calmar Ratio Rank of FXAIX is 7272
Calmar Ratio Rank
The Martin Ratio Rank of FXAIX is 6565
Martin Ratio Rank

VWLUX
The Risk-Adjusted Performance Rank of VWLUX is 3131
Overall Rank
The Sharpe Ratio Rank of VWLUX is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of VWLUX is 2828
Sortino Ratio Rank
The Omega Ratio Rank of VWLUX is 2929
Omega Ratio Rank
The Calmar Ratio Rank of VWLUX is 3333
Calmar Ratio Rank
The Martin Ratio Rank of VWLUX is 3232
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FXAIX vs. VWLUX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX). 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.


The chart of Sharpe ratio for FXAIX, currently valued at 0.56, compared to the broader market-1.000.001.002.003.00
FXAIX: 0.56
VWLUX: 0.10
The chart of Sortino ratio for FXAIX, currently valued at 0.90, compared to the broader market-2.000.002.004.006.008.00
FXAIX: 0.90
VWLUX: 0.17
The chart of Omega ratio for FXAIX, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.00
FXAIX: 1.13
VWLUX: 1.03
The chart of Calmar ratio for FXAIX, currently valued at 0.58, compared to the broader market0.002.004.006.008.0010.00
FXAIX: 0.58
VWLUX: 0.09
The chart of Martin ratio for FXAIX, currently valued at 2.42, compared to the broader market0.0010.0020.0030.0040.0050.00
FXAIX: 2.42
VWLUX: 0.35

The current FXAIX Sharpe Ratio is 0.56, which is higher than the VWLUX Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of FXAIX and VWLUX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.56
0.10
FXAIX
VWLUX

Dividends

FXAIX vs. VWLUX - Dividend Comparison

FXAIX's dividend yield for the trailing twelve months is around 1.36%, less than VWLUX's 3.66% yield.


TTM20242023202220212020201920182017201620152014
FXAIX
Fidelity 500 Index Fund
1.36%1.25%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%
VWLUX
Vanguard Long-Term Tax-Exempt Fund Admiral Shares
3.66%3.48%3.17%2.99%2.63%2.85%3.23%3.54%3.55%3.75%3.73%3.88%

Drawdowns

FXAIX vs. VWLUX - Drawdown Comparison

The maximum FXAIX drawdown since its inception was -33.79%, which is greater than VWLUX's maximum drawdown of -16.38%. Use the drawdown chart below to compare losses from any high point for FXAIX and VWLUX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.55%
-4.92%
FXAIX
VWLUX

Volatility

FXAIX vs. VWLUX - Volatility Comparison

Fidelity 500 Index Fund (FXAIX) has a higher volatility of 14.39% compared to Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) at 4.63%. This indicates that FXAIX's price experiences larger fluctuations and is considered to be riskier than VWLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
14.39%
4.63%
FXAIX
VWLUX