FCPI vs VYM
Fidelity Stocks for Inflation ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FCPI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $276M | $79.0B | |
| Dividend Yield | 1.60% | 2.86% | |
| Holdings | 105 | 568 | |
| YTD Return | +14.34% | +16.78% | |
| 1Y Return | +18.48% | +24.43% | |
| 3Y Return (annualized) | +20.78% | +18.60% | |
| 5Y Return (annualized) | +14.49% | +12.30% | |
| Volatility (annualized) | 17.0% | 14.6% | |
| Max Drawdown | -37.3% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 5, 2019 | Nov 10, 2006 |
FCPI vs VYM Performance
Fidelity Stocks for Inflation ETF (FCPI) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FCPI returned +18.48% while VYM returned +24.43%. Year to date, FCPI is up 14.34% versus a gain of 16.78% for VYM.
Over three years, FCPI compounded at +20.78% per year against +18.60% for VYM; over five years the annualized figures are +14.49% and +12.30% respectively. Across the full 7-year window we track, FCPI has the edge at +14.53% annualized vs +7.11%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.91. 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 VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, FCPI currently yields 1.60% against 2.86% for VYM.
Holdings Overlap
FCPI and VYM share 32 holdings out of 626 unique holdings combined, representing a 14.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FCPI or VYM?
FCPI has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, FCPI or VYM?
Over the past year FCPI returned +18.48% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (7 years), FCPI annualized +14.53% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, FCPI or VYM?
FCPI has been the more volatile fund at 17.0% annualized versus 14.6% for VYM. Worst drawdown: FCPI -37.3% vs VYM -58.8%.
Should I hold both FCPI and VYM?
FCPI and VYM have a monthly-return correlation of 0.91, 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 VYM?
FCPI and VYM share 32 common holdings with a 14.0% weight overlap. Combined, they hold 626 unique securities.
Which pays a higher dividend, FCPI or VYM?
FCPI yields 1.60% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.