FCPI vs VTI
Fidelity Stocks for Inflation ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | FCPI | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $270M | $666.9B | |
| Dividend Yield | 1.60% | 1.07% | |
| Holdings | 105 | 3,543 | |
| YTD Return | +14.48% | +12.65% | |
| 1Y Return | +20.12% | +21.39% | |
| 3Y Return (annualized) | +21.45% | +21.54% | |
| 5Y Return (annualized) | +14.72% | +12.11% | |
| Volatility (annualized) | 17.0% | 15.3% | |
| Max Drawdown | -37.3% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 5, 2019 | May 24, 2001 |
FCPI vs VTI Performance
Fidelity Stocks for Inflation ETF (FCPI) is a ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FCPI returned +20.12% while VTI returned +21.39%. Year to date, FCPI is up 14.48% versus a gain of 12.65% for VTI.
Over three years, FCPI compounded at +21.45% per year against +21.54% for VTI; over five years the annualized figures are +14.72% and +12.11% respectively. Across the full 7-year window we track, FCPI has the edge at +14.51% annualized vs +8.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCPI has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 15.3% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.3% for FCPI and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FCPI charges 0.15% per year while VTI charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FCPI currently yields 1.60% against 1.07% for VTI.
Holdings Overlap
FCPI and VTI share 85 holdings out of 2802 unique holdings combined, representing a 36.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FCPI or VTI?
FCPI has an expense ratio of 0.15% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FCPI or VTI?
Over the past year FCPI returned +20.12% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (7 years), FCPI annualized +14.51% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, FCPI or VTI?
FCPI has been the more volatile fund at 17.0% annualized versus 15.3% for VTI. Worst drawdown: FCPI -37.3% vs VTI -56.6%.
Should I hold both FCPI and VTI?
FCPI and VTI have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FCPI and VTI?
FCPI and VTI share 85 common holdings with a 36.6% weight overlap. Combined, they hold 2802 unique securities.
Which pays a higher dividend, FCPI or VTI?
FCPI yields 1.60% while VTI yields 1.07%, so FCPI currently pays the higher dividend yield.
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