FMKT vs VTI
The Free Markets 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 | FMKT | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.03% | |
| AUM | $12M | $666.9B | |
| Dividend Yield | 2.14% | 1.07% | |
| Holdings | 45 | 3,543 | |
| YTD Return | +1.54% | +12.65% | |
| 1Y Return | +6.50% | +21.39% | |
| 3Y Return (annualized) | - | +21.54% | |
| 5Y Return (annualized) | - | +12.11% | |
| Volatility (annualized) | 14.0% | 15.3% | |
| Max Drawdown | -17.8% | -56.6% | |
| Fund Family | Tidal ETF Trust | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 9, 2025 | May 24, 2001 |
FMKT vs VTI Performance
The Free Markets ETF (FMKT) is a ETF from Tidal ETF Trust and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FMKT returned +6.50% while VTI returned +21.39%. Year to date, FMKT is up 1.54% versus a gain of 12.65% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.0% for FMKT. 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 -17.8% for FMKT 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMKT charges 0.76% per year while VTI charges 0.03%. On a $10,000 position that is $76 vs $3 annually, a gap of $73 per year that compounds over a long holding period. On income, FMKT currently yields 2.14% against 1.07% for VTI.
Holdings Overlap
FMKT and VTI share 35 holdings out of 2796 unique holdings combined, representing a 7.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FMKT or VTI?
FMKT has an expense ratio of 0.76% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, FMKT or VTI?
Over the past year FMKT returned +6.50% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (1 years), FMKT annualized +12.60% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, FMKT or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 14.0% for FMKT. Worst drawdown: FMKT -17.8% vs VTI -56.6%.
Should I hold both FMKT and VTI?
FMKT and VTI have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMKT and VTI?
FMKT and VTI share 35 common holdings with a 7.7% weight overlap. Combined, they hold 2796 unique securities.
Which pays a higher dividend, FMKT or VTI?
FMKT yields 2.14% while VTI yields 1.07%, so FMKT currently pays the higher dividend yield.
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