FCPI vs VYM
Fidelity Stocks for Inflation ETF vs Vanguard High Dividend Yield ETF
Which is better, FCPI or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. FCPI led over 3Y, 5Y and the full window, VYM over 1Y. The two have moved almost in lockstep, correlation 0.91. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 35.6%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.15% | 0.04%Best |
| AUM | $270M | $81.6B |
| Dividend Yield | 1.60% | 2.24% |
| Holdings | 105 | 613 |
| YTD Return | +15.30%Best | +15.29% |
| 1Y Return | +19.38% | +22.23%Best |
| 3Y Return (annualized) | +21.26%Best | +18.81% |
| 5Y Return (annualized) | +14.11%Best | +12.14% |
| Volatility (annualized) | 16.9% | 15.5%Best |
| Max Drawdown | -37.3% | -35.7%Best |
| $10,000 over 5 years | $19,347Best | $17,734 |
| Top 10 Weight | 35.6% | 25.9%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 5, 2019 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Sep 3, 2026 (6.8 years).
FCPI vs VYM 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 VYM Performance
Fidelity Stocks for Inflation ETF (FCPI) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FCPI returned +19.38% while VYM returned +22.23%. Year to date, FCPI is up 15.30% versus a gain of 15.29% for VYM.
Over three years, FCPI compounded at +21.26% per year against +18.81% for VYM; over five years the annualized figures are +14.11% and +12.14% respectively. Across the full 7-year window we track, FCPI has the edge at +14.54% annualized vs +11.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCPI has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 15.5% 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 2.24% for VYM.
Holdings Overlap
35.0% of FCPI's money is in holdings VYM also owns. 23.6% of VYM's money is in holdings FCPI also owns.
The two portfolios partly overlap.
35 positions in common, counted across the 100 positions we hold weights for in FCPI and 603 in VYM, against full books of 105 and 613.
What only one of them owns
Our book lists 534 positions for VYM that do not appear in our book for FCPI (73.8% of the fund), and 59 for FCPI that do not appear in VYM (61.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FCPI | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.39% | 7.29% | 4.90% |
| JNJJohnson & Johnson - Common | 2.13% | 2.54% | 0.41% |
| APAApa Corp | 3.45% | 0.05% | 3.40% |
| NEMNewmont Corp Common | 2.73% | 0.41% | 2.32% |
| MRKMerck & Company Inc | 1.72% | 1.32% | 0.40% |
| CATCaterpillar, Inc. | 0.75% | 2.01% | 1.26% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.76% | 1.93% | 1.17% |
| MOAltria Group Inc | 2.00% | 0.50% | 1.50% |
| NRGNrg Energy | 2.03% | 0.12% | 1.91% |
| NFGNational Fuel Gas Co | 2.10% | 0.03% | 2.07% |
35.0% of FCPI is already inside VYM.
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 VYM?
FCPI has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, FCPI or VYM?
Over the past year FCPI returned +19.38% vs +22.23% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (7 years), FCPI annualized +14.54% vs +11.64% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCPI or VYM?
FCPI has been the more volatile fund at 16.9% annualized versus 15.5% for VYM. Worst drawdown: FCPI -37.3% vs VYM -35.7%.
Should I hold both FCPI and VYM?
FCPI and VYM have a monthly-return correlation of 0.91, 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 VYM?
35.0% of FCPI's money is in holdings VYM also owns. 23.6% of VYM's is in holdings FCPI also owns. They hold 35 positions in common, counted across the 100 positions we hold weights for in FCPI and 603 in VYM.
Which pays a higher dividend, FCPI or VYM?
FCPI yields 1.60% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Is VYM better than FCPI?
VYM has a lower expense ratio. FCPI led over 3Y, 5Y and the full window, VYM over 1Y. The two have moved almost in lockstep, correlation 0.91. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 35.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.