VAW vs FSEC

Comparison between VANGUARD MATERIALS INDEX FUND ETF SHARES (VAW, ETF) and FIDELITY INVESTMENT GRADE SECURITIZED ETF (FSEC, ETF).

5-Year PerformanceVAW has outperformed FSEC, delivering a return of +6.5% compared to +0.5%

VAW vs FSEC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VAW(ETF)	FSEC(ETF)
Net Assets	$4.50B	$4.40B
Expense Ratio	0.09%	0.36%
Max Drawdown	63.47%	22.11%
Sharpe Ratio	1.30	0.54
5Y Beta	0.85	0.01
P/E Ratio	35.70	N/A
Forward P/E	18.39	N/A
5Y Dividends CAGR	14.00%	100.12%
5Y EPS CAGR	18.86%	N/A
Debt to Equity	52.39%	N/A
P/S Ratio	2.10	N/A
P/B Ratio	3.06	N/A

Net Assets

Winner

VAW

$4.50B

FSEC

$4.40B

Expense Ratio

Winner

VAW

0.09%

FSEC

0.36%

Max Drawdown

VAW

63.47%

Winner

FSEC

22.11%

Sharpe Ratio

Winner

VAW

1.30

FSEC

0.54

5Y Beta

VAW

0.85

Winner

FSEC

0.01

P/E Ratio

VAW

35.70

FSEC

N/A

Forward P/E

VAW

18.39

FSEC

N/A

5Y Dividends CAGR

VAW

14.00%

Winner

FSEC

100.12%

5Y EPS CAGR

VAW

18.86%

FSEC

N/A

Debt to Equity

VAW

52.39%

FSEC

N/A

P/S Ratio

VAW

2.10

FSEC

N/A

P/B Ratio

VAW

3.06

FSEC

N/A

VAW vs FSEC - Historical Returns

Returns include dividend reinvestment.

Period	VAW	FSEC
1 month	-0.52%	-0.35%
3 months	-0.94%	-0.64%
6 months	+19.06%	+1.11%
1 year	+25.34%	+7.12%
5 years(CAGR)	+6.54%	+0.48%
10 years(CAGR)	+10.74%	N/A
Max(CAGR)	+9.32%	+0.40%

VAW

-0.52%

Winner

FSEC

-0.35%

VAW

-0.94%

Winner

FSEC

-0.64%

Winner

VAW

+19.06%

FSEC

+1.11%

Winner

VAW

+25.34%

FSEC

+7.12%

5Y(CAGR)

Winner

VAW

+6.54%

FSEC

+0.48%

10Y(CAGR)

VAW

+10.74%

FSEC

N/A

Max(CAGR)

Winner

VAW

+9.32%

FSEC

+0.40%

VAW vs FSEC - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	VAW	FSEC
2026	+12.29%	+0.70%
2025	+13.45%	+8.06%
2024	+0.72%	+2.68%
2023	+13.72%	+4.77%
2022	-10.82%	-12.33%
2021	+28.37%	-0.50%
2020	+20.65%	N/A
2019	+22.95%	N/A
2018	-18.75%	N/A
2017	+22.77%	N/A
2016	+23.44%	N/A
2015	-10.48%	N/A
2014	+6.67%	N/A
2013	+21.70%	N/A
2012	+14.15%	N/A
2011	-10.25%	N/A
2010	+20.83%	N/A
2009	+45.94%	N/A
2008	-46.00%	N/A
2007	+26.82%	N/A
2006	+17.74%	N/A
2005	+4.50%	N/A
2004	+21.63%	N/A

VAW vs FSEC Drawdown Comparison

The maximum drawdown for VAW was -62.12%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.

The maximum drawdown for FSEC was -17.97%, occurring on Oct 24, 2022. Recovery took 1054 trading sessions.

The current VAW drawdown is -2.98%. The current FSEC drawdown is -1.45%.

Rank	VAW	FSEC
#1	-62.12% May 16, 2008 - Jan 9, 2013	-17.97% Aug 3, 2021 - Oct 14, 2025
#2	-41.14% Jan 26, 2018 - Sep 1, 2020	-2.46% Feb 27, 2026 - Mar 26, 2026
#3	-27.23% Feb 24, 2015 - Nov 15, 2016	-1.23% Oct 14, 2025 - Jan 9, 2026
#4	-25.49% Apr 20, 2022 - Feb 29, 2024	-0.74% Apr 30, 2021 - Jul 19, 2021
#5	-23.20% Oct 18, 2024 - Dec 26, 2025	-0.63% Mar 4, 2021 - Apr 15, 2021
#6	-16.60% May 9, 2006 - Nov 22, 2006	-0.56% Jan 9, 2026 - Jan 27, 2026
#7	-16.36% Mar 4, 2005 - Jan 26, 2006	-0.38% Feb 13, 2026 - Feb 27, 2026
#8	-15.95% Jul 19, 2007 - Oct 9, 2007	-0.36% Jan 27, 2026 - Feb 5, 2026
#9	-15.12% Dec 10, 2007 - Apr 4, 2008	-0.29% Apr 22, 2021 - Apr 30, 2021
#10	-13.42% Feb 27, 2026 - Mar 20, 2026	-0.16% Feb 5, 2026 - Feb 10, 2026
#11	-12.15% Sep 5, 2014 - Feb 13, 2015	-0.13% Jul 20, 2021 - Jul 27, 2021
#12	-12.02% Mar 1, 2004 - Sep 2, 2004	-0.11% Feb 10, 2026 - Feb 12, 2026
#13	-11.29% Oct 31, 2007 - Dec 10, 2007	-0.04% Apr 15, 2021 - Apr 19, 2021
#14	-10.81% Jan 4, 2022 - Mar 25, 2022	-0.04% Jul 27, 2021 - Jul 29, 2021
#15	-10.71% May 17, 2021 - Nov 8, 2021	N/A

Correlation

Correlation between VAW and FSEC is 0.56 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.56

-101

Dividend Comparison (2004 - 2026)

VAW vs FSEC dividend yield comparison.

Year	VAW	FSEC
2026	0.34%	1.25%
2025	1.55%	4.22%
2024	1.70%	3.22%
2023	1.72%	3.41%
2022	1.98%	2.21%
2021	1.44%	0.96%
2020	1.67%	0.00%
2019	1.94%	0.00%
2018	2.03%	0.00%
2017	1.63%	0.00%
2016	1.67%	0.00%
2015	2.30%	0.00%
2014	1.76%	0.00%
2013	1.84%	0.00%
2012	1.87%	0.00%
2011	2.16%	0.00%
2010	2.18%	0.00%
2009	1.36%	0.00%
2008	3.52%	0.00%
2007	1.45%	0.00%
2006	1.61%	0.00%
2005	1.61%	0.00%
2004	1.66%	0.00%