FMCE vs VTI
FM Compounders Equity ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FMCE or VTI?
VTI has been ahead.
VTI has a lower expense ratio. VTI led over 1Y and the full window. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 54.8%.
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 | FMCE | VTI |
|---|---|---|
| Expense Ratio | 0.71% | 0.03%Best |
| AUM | $69M | $666.9B |
| Dividend Yield | 2.82% | 1.03% |
| Holdings | 31 | 3,543 |
| YTD Return | +9.25% | +14.05%Best |
| 1Y Return | +8.82% | +16.93%Best |
| 3Y Return (annualized) | - | +22.65% |
| 5Y Return (annualized) | - | +12.46% |
| Volatility (annualized) | 11.4%Best | 12.8% |
| Max Drawdown | -11.7%Best | -19.3% |
| $10,000 over 1.9 years | $11,859 | $13,162Best |
| Top 10 Weight | 54.8% | 33.3%Best |
| Fund Family | First Manhattan | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2024 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 11, 2024 to Sep 22, 2026 (1.9 years).
FMCE 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 1.9 years both funds cover.
FMCE vs VTI Performance
FM Compounders Equity ETF (FMCE) is an ETF from First Manhattan and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FMCE returned +8.82% while VTI returned +16.93%. Year to date, FMCE is up 9.25% versus a gain of 14.05% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 11.4% for FMCE. 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 -11.7% for FMCE and -19.3% 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMCE charges 0.71% per year while VTI charges 0.03%. On a $10,000 position that is $71 vs $3 annually, a gap of $68 per year that compounds over a long holding period. On income, FMCE currently yields 2.82% against 1.03% for VTI.
Holdings Overlap
80.1% of FMCE's money is in holdings VTI also owns. 24.3% of VTI's money is in holdings FMCE also owns.
Most of FMCE is already inside VTI. Owning both mostly buys the same companies twice.
The two holdings books were reported 61 days apart, FMCE as of May 31, 2026 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
27 positions in common, counted across the 31 positions we hold weights for in FMCE and 3,463 in VTI, against full books of 31 and 3,543.
What only one of them owns
Our book lists 1,124 positions for VTI that do not appear in our book for FMCE (73.1% of the fund), and 1 for FMCE that do not appear in VTI (13.7%).
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 FMCE | Weight in VTI | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.42% | 4.79% | 0.63% |
| AMZNAmazon.Com Inc | 4.55% | 3.65% | 0.90% |
| NVDANvidia Corp | 1.11% | 6.40% | 5.29% |
| INTCIntel Corporation | 5.45% | 0.50% | 4.95% |
| KKRKkr & Co. Inc. Class a | 5.22% | 0.09% | 5.13% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 4.02% | 1.28% | 2.74% |
| VVisa Inc Class A | 4.28% | 0.83% | 3.45% |
| GEGeneral Electric Co. | 4.45% | 0.52% | 3.93% |
| HONHoneywell International Inc. | 4.44% | 0.11% | 4.33% |
| METAMeta Platforms Inc | 2.49% | 1.70% | 0.79% |
80.1% of FMCE 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, FMCE or VTI?
FMCE has an expense ratio of 0.71% while VTI charges 0.03%. VTI is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, FMCE or VTI?
Over the past year FMCE returned +8.82% vs +16.93% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), FMCE annualized +9.39% vs +15.56% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMCE or VTI?
VTI has been the more volatile fund at 12.8% annualized versus 11.4% for FMCE. Worst drawdown: FMCE -11.7% vs VTI -19.3%.
Should I hold both FMCE and VTI?
FMCE and VTI have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FMCE and VTI?
80.1% of FMCE's money is in holdings VTI also owns. 24.3% of VTI's is in holdings FMCE also owns. They hold 27 positions in common, counted across the 31 positions we hold weights for in FMCE and 3,463 in VTI.
Which pays a higher dividend, FMCE or VTI?
FMCE yields 2.82% while VTI yields 1.03%, so FMCE currently pays the higher dividend yield.
Is VTI better than FMCE?
VTI has a lower expense ratio. VTI led over 1Y and the full window. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 54.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.