VXF vs. FZIPX
Compare and contrast key facts about Vanguard Extended Market ETF (VXF) and Fidelity ZERO Extended Market Index Fund (FZIPX).
VXF is a passively managed fund by Vanguard that tracks the performance of the S&P Completion Index. It was launched on Dec 27, 2001. FZIPX is managed by Fidelity.
Performance
VXF vs. FZIPX - Performance Comparison
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VXF vs. FZIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VXF Vanguard Extended Market ETF | -0.59% | 11.40% | 16.89% | 25.51% | -26.52% | 12.31% | 32.45% | 27.96% | -18.21% |
FZIPX Fidelity ZERO Extended Market Index Fund | 1.65% | 12.51% | 12.39% | 18.13% | -18.01% | 21.31% | 16.64% | 26.50% | -17.57% |
Returns By Period
In the year-to-date period, VXF achieves a -0.59% return, which is significantly lower than FZIPX's 1.65% return.
VXF
- 1D
- 0.69%
- 1M
- -4.65%
- YTD
- -0.59%
- 6M
- -0.70%
- 1Y
- 21.08%
- 3Y*
- 15.35%
- 5Y*
- 4.13%
- 10Y*
- 11.00%
FZIPX
- 1D
- 3.50%
- 1M
- -5.93%
- YTD
- 1.65%
- 6M
- 3.63%
- 1Y
- 22.46%
- 3Y*
- 13.62%
- 5Y*
- 5.55%
- 10Y*
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VXF vs. FZIPX - Expense Ratio Comparison
VXF has a 0.06% expense ratio, which is higher than FZIPX'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%.
Return for Risk
VXF vs. FZIPX — Risk / Return Rank
VXF
FZIPX
VXF vs. FZIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market ETF (VXF) and Fidelity ZERO Extended Market Index Fund (FZIPX). 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.
| VXF | FZIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.03 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.57 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.60 | -0.12 |
Martin ratioReturn relative to average drawdown | 6.06 | 6.88 | -0.82 |
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
| VXF | FZIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.03 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.27 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.35 | +0.08 |
Correlation
The correlation between VXF and FZIPX is 0.97, 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
VXF vs. FZIPX - Dividend Comparison
VXF's dividend yield for the trailing twelve months is around 1.17%, less than FZIPX's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VXF Vanguard Extended Market ETF | 1.17% | 1.14% | 1.09% | 1.27% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% |
FZIPX Fidelity ZERO Extended Market Index Fund | 1.22% | 1.24% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% |
Drawdowns
VXF vs. FZIPX - Drawdown Comparison
The maximum VXF drawdown since its inception was -58.03%, which is greater than FZIPX's maximum drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for VXF and FZIPX.
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Drawdown Indicators
| VXF | FZIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -42.71% | -15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.68% | -14.33% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -36.39% | -28.19% | -8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.72% | — | — |
Current DrawdownCurrent decline from peak | -6.47% | -6.45% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -9.09% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.34% | +0.25% |
Volatility
VXF vs. FZIPX - Volatility Comparison
The current volatility for Vanguard Extended Market ETF (VXF) is 6.89%, while Fidelity ZERO Extended Market Index Fund (FZIPX) has a volatility of 7.43%. This indicates that VXF experiences smaller price fluctuations and is considered to be less risky than FZIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VXF | FZIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.89% | 7.43% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 13.50% | 13.35% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.05% | 22.29% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.35% | 20.93% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.25% | 23.98% | -1.73% |