FLDB vs VOO
FLDB vs VOO
Fidelity Low Duration Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FLDB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $409M | $979.0B | |
| Dividend Yield | 4.76% | 1.09% | |
| Holdings | 394 | 509 | |
| YTD Return | +1.93% | +13.31% | |
| 1Y Return | +3.88% | +24.01% | |
| 3Y Return (annualized) | - | +21.17% | |
| 5Y Return (annualized) | - | +13.34% | |
| Volatility (annualized) | 0.5% | 14.1% | |
| Max Drawdown | -0.5% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 22, 2024 | Sep 7, 2010 |
FLDB vs VOO Performance
Fidelity Low Duration Bond ETF (FLDB) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FLDB returned +3.88% while VOO returned +24.01%. Year to date, FLDB is up 1.93% versus a gain of 13.31% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 0.5% for FLDB. 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 -0.5% for FLDB 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLDB charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, FLDB currently yields 4.76% against 1.09% for VOO.
Holdings Overlap
FLDB and VOO share 0 holdings out of 840 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLDB or VOO?
FLDB has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, FLDB or VOO?
Over the past year FLDB returned +3.88% vs +24.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), FLDB annualized +4.61% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, FLDB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 0.5% for FLDB. Worst drawdown: FLDB -0.5% vs VOO -34.3%.
Should I hold both FLDB and VOO?
FLDB and VOO have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLDB and VOO?
FLDB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 840 unique securities.
Which pays a higher dividend, FLDB or VOO?
FLDB yields 4.76% while VOO yields 1.09%, so FLDB currently pays the higher dividend yield.
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