FFSM vs VOO
FFSM vs VOO
Fidelity Fundamental Small-Mid Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FFSM delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FFSM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.03% | |
| AUM | $1.4B | $979.0B | |
| Dividend Yield | 0.43% | 1.09% | |
| Holdings | 194 | 509 | |
| YTD Return | +21.92% | +13.53% | |
| 1Y Return | +37.85% | +23.65% | |
| 3Y Return (annualized) | +19.51% | +21.27% | |
| 5Y Return (annualized) | +11.33% | +13.52% | |
| Volatility (annualized) | 18.8% | 14.1% | |
| Max Drawdown | -26.6% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 2, 2021 | Sep 7, 2010 |
FFSM vs VOO Performance
Fidelity Fundamental Small-Mid Cap ETF (FFSM) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FFSM returned +37.85% while VOO returned +23.65%. Year to date, FFSM is up 21.92% versus a gain of 13.53% for VOO.
Over three years, FFSM compounded at +19.51% per year against +21.27% for VOO; over five years the annualized figures are +11.33% and +13.52% respectively. Across the full 6-year window we track, VOO has the edge at +13.57% annualized vs +12.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FFSM has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 14.1% for VOO. 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 -26.6% for FFSM and -34.3% for VOO. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FFSM charges 0.43% per year while VOO charges 0.03%. On a $10,000 position that is $43 vs $3 annually, a gap of $40 per year that compounds over a long holding period. On income, FFSM currently yields 0.43% against 1.09% for VOO.
Holdings Overlap
FFSM and VOO share 17 holdings out of 678 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FFSM | Weight in VOO | Difference |
|---|---|---|---|
| LITE | 2.28% | 0.10% | 2.18% |
| FIX | 1.47% | 0.11% | 1.36% |
| STX | 0.87% | 0.34% | 0.53% |
| COHR | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| EME | Pro | Pro | Pro |
| UHS | Pro | Pro | Pro |
| VTR | Pro | Pro | Pro |
| TPR | Pro | Pro | Pro |
| PCG | Pro | Pro | Pro |
See all 10 holdings FFSM shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FFSM or VOO?
FFSM has an expense ratio of 0.43% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, FFSM or VOO?
Over the past year FFSM returned +37.85% vs +23.65% for VOO, so FFSM leads on 1-year performance. Over the longest common window we track (6 years), FFSM annualized +12.49% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, FFSM or VOO?
FFSM has been the more volatile fund at 18.8% annualized versus 14.1% for VOO. Worst drawdown: FFSM -26.6% vs VOO -34.3%.
Should I hold both FFSM and VOO?
FFSM and VOO have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFSM and VOO?
FFSM and VOO share 17 common holdings with a 1.6% weight overlap. Combined, they hold 678 unique securities.
Which pays a higher dividend, FFSM or VOO?
FFSM yields 0.43% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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