FNILX vs SCHD
FNILX vs SCHD
Fidelity ZERO Large Cap Index Fund vs Schwab US Dividend Equity ETF
Quick Verdict
FNILX has a lower expense ratio. SCHD delivered stronger 1-year returns. FNILX offers more diversification with 511 holdings.
Side-by-Side Comparison
| Metric | FNILX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.06% | |
| AUM | - | $103.7B | |
| Dividend Yield | 0.92% | 3.31% | |
| Holdings | 512 | 104 | |
| YTD Return | +12.88% | +24.26% | |
| 1Y Return | +21.21% | +31.38% | |
| 3Y Return (annualized) | +19.95% | +15.08% | |
| 5Y Return (annualized) | +11.68% | +9.72% | |
| Volatility (annualized) | 15.4% | 13.6% | |
| Max Drawdown | -26.6% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 13, 2018 | Oct 20, 2011 |
FNILX vs SCHD Performance
Fidelity ZERO Large Cap Index Fund (FNILX) is a mutual fund from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FNILX returned +21.21% while SCHD returned +31.38%. Year to date, FNILX is up 12.88% versus a gain of 24.26% for SCHD.
Over three years, FNILX compounded at +19.95% per year against +15.08% for SCHD; over five years the annualized figures are +11.68% and +9.72% respectively. Across the full 5-year window we track, FNILX has the edge at +11.68% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNILX has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 13.6% for SCHD. 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 FNILX and -33.4% for SCHD. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNILX charges 0.00% per year while SCHD charges 0.06%. On a $10,000 position that is $0 vs $6 annually, a gap of $6 per year that compounds over a long holding period. On income, FNILX currently yields 0.92% against 3.31% for SCHD.
Holdings Overlap
FNILX and SCHD share 45 holdings out of 566 unique holdings combined, representing a 7.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FNILX | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.42% | 4.54% | 4.12% |
| ABT | 0.31% | 4.49% | 4.18% |
| MRK | 0.44% | 4.32% | 3.88% |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
See all 10 holdings FNILX shares with SCHD 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, FNILX or SCHD?
FNILX has an expense ratio of 0.00% while SCHD charges 0.06%. FNILX is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, FNILX or SCHD?
Over the past year FNILX returned +21.21% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), FNILX annualized +11.68% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FNILX or SCHD?
FNILX has been the more volatile fund at 15.4% annualized versus 13.6% for SCHD. Worst drawdown: FNILX -26.6% vs SCHD -33.4%.
Should I hold both FNILX and SCHD?
FNILX and SCHD have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNILX and SCHD?
FNILX and SCHD share 45 common holdings with a 7.8% weight overlap. Combined, they hold 566 unique securities.
Which pays a higher dividend, FNILX or SCHD?
FNILX yields 0.92% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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