FCPI vs VTI
Fidelity Stocks for Inflation ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FCPI or VTI?
Each has led over a different period.
VTI has a lower expense ratio. FCPI led over 3Y and 5Y, VTI over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FCPI | VTI |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $270M | $666.9B |
| Dividend Yield | 1.54% | 1.03% |
| Holdings | 105 | 3,543 |
| YTD Return | +13.36%Best | +11.65% |
| 1Y Return | +15.28% | +17.34%Best |
| 3Y Return (annualized) | +20.49%Best | +20.35% |
| 5Y Return (annualized) | +14.26%Best | +11.72% |
| Volatility (annualized) | 16.9%Best | 17.3% |
| Max Drawdown | -37.3% | -35.0%Best |
| $10,000 over 5 years | $19,475Best | $17,404 |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 5, 2019 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Sep 10, 2026 (6.8 years).
FCPI vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.8 years both funds cover.
FCPI vs VTI Performance
Fidelity Stocks for Inflation ETF (FCPI) is an ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FCPI returned +15.28% while VTI returned +17.34%. Year to date, FCPI is up 13.36% versus a gain of 11.65% for VTI.
Over three years, FCPI compounded at +20.49% per year against +20.35% for VTI; over five years the annualized figures are +14.26% and +11.72% respectively. Across the full 7-year window we track, VTI has the edge at +14.80% annualized vs +14.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 16.9% for FCPI. 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.54% against 1.03% for VTI.
Holdings Overlap
At least 84.2% of FCPI's money is in holdings VTI also owns.
Stated as a floor: for VTI, our book for it covers 90.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of FCPI is already inside VTI. Owning both mostly buys the same companies twice.
The two holdings books were reported 59 days apart, FCPI as of Aug 28, 2026 and VTI as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
81 positions in common, counted across the 98 positions we hold weights for in FCPI and 2,787 in VTI, against full books of 105 and 3,543.
Top Shared Holdings
| Stock | Weight in FCPI | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.33% | 6.32% | 0.01% |
| AAPLApple, Inc | 5.66% | 5.84% | 0.18% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.63% | 3.81% | 0.82% |
| GOOGLAlphabet A Usd 0.001 | 2.29% | 2.88% | 0.59% |
| AVGOBroadcom Inc | 2.19% | 2.46% | 0.27% |
| NEMNewmont Corp. | 4.22% | 0.14% | 4.08% |
| VLOValero Energy Corp. | 3.22% | 0.11% | 3.11% |
| MUMicron Technology, Inc. | 1.41% | 1.79% | 0.38% |
| JNJJohnson & Johnson | 2.29% | 0.84% | 1.45% |
| APAApa Corp | 3.10% | 0.02% | 3.08% |
84.2% of FCPI is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $12 a year on a $10,000 investment.
Which performed better, FCPI or VTI?
Over the past year FCPI returned +15.28% vs +17.34% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (7 years), FCPI annualized +14.22% vs +14.80% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCPI or VTI?
VTI has been the more volatile fund at 17.3% annualized versus 16.9% for FCPI. Worst drawdown: FCPI -37.3% vs VTI -35.0%.
Should I hold both FCPI and VTI?
FCPI and VTI have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FCPI and VTI?
At least 84.2% of FCPI's money is in holdings VTI also owns. Our book for VTI is partial, so the real figure is this or higher. They hold 81 positions in common, counted across the 98 positions we hold weights for in FCPI and 2,787 in VTI.
Which pays a higher dividend, FCPI or VTI?
FCPI yields 1.54% while VTI yields 1.03%, so FCPI currently pays the higher dividend yield.
Is VTI better than FCPI?
VTI has a lower expense ratio. FCPI led over 3Y and 5Y, VTI over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.