FNCMX vs VTI
Fidelity NASDAQ Composite Index vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. FNCMX delivered stronger 1-year returns. FNCMX offers more diversification with 2826 holdings.
Side-by-Side Comparison
| Metric | FNCMX | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | - | $663.5B | |
| Dividend Yield | 0.45% | 1.07% | |
| Holdings | 2,946 | 3,543 | |
| YTD Return | +14.87% | +13.87% | |
| 1Y Return | +24.49% | +23.31% | |
| 3Y Return (annualized) | +25.16% | +21.17% | |
| 5Y Return (annualized) | +12.68% | +12.23% | |
| Volatility (annualized) | 20.1% | 15.3% | |
| Max Drawdown | -36.8% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2003 | May 24, 2001 |
FNCMX vs VTI Performance
Fidelity NASDAQ Composite Index (FNCMX) is a mutual fund from Fidelity Investments (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FNCMX returned +24.49% while VTI returned +23.31%. Year to date, FNCMX is up 14.87% versus a gain of 13.87% for VTI.
Over three years, FNCMX compounded at +25.16% per year against +21.17% for VTI; over five years the annualized figures are +12.68% and +12.23% respectively. Across the full 5-year window we track, FNCMX has the edge at +12.68% annualized vs +8.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNCMX has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 15.3% for VTI. 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 -36.8% for FNCMX 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNCMX charges 0.29% per year while VTI charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, FNCMX currently yields 0.45% against 1.07% for VTI.
Holdings Overlap
FNCMX and VTI share 1438 holdings out of 4171 unique holdings combined, representing a 46.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNCMX or VTI?
FNCMX has an expense ratio of 0.29% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FNCMX or VTI?
Over the past year FNCMX returned +24.49% vs +23.31% for VTI, so FNCMX leads on 1-year performance. Over the longest common window we track (5 years), FNCMX annualized +12.68% vs +8.13% for VTI. Past performance does not guarantee future results.
Which is riskier, FNCMX or VTI?
FNCMX has been the more volatile fund at 20.1% annualized versus 15.3% for VTI. Worst drawdown: FNCMX -36.8% vs VTI -56.6%.
Should I hold both FNCMX and VTI?
FNCMX and VTI have a monthly-return correlation of 0.93, 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 FNCMX and VTI?
FNCMX and VTI share 1438 common holdings with a 46.9% weight overlap. Combined, they hold 4171 unique securities.
Which pays a higher dividend, FNCMX or VTI?
FNCMX yields 0.45% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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