FNILX vs VOO
FNILX vs VOO
Fidelity ZERO Large Cap Index Fund vs Vanguard S&P 500 ETF
Quick Verdict
FNILX has a lower expense ratio. VOO delivered stronger 1-year returns. FNILX offers more diversification with 511 holdings.
Side-by-Side Comparison
| Metric | FNILX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.03% | |
| AUM | - | $979.0B | |
| Dividend Yield | 0.92% | 1.09% | |
| Holdings | 512 | 509 | |
| YTD Return | +11.25% | +13.53% | |
| 1Y Return | +19.72% | +23.65% | |
| 3Y Return (annualized) | +19.71% | +21.27% | |
| 5Y Return (annualized) | +11.35% | +13.52% | |
| Volatility (annualized) | 15.4% | 14.1% | |
| Max Drawdown | -26.6% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 13, 2018 | Sep 7, 2010 |
FNILX vs VOO Performance
Fidelity ZERO Large Cap Index Fund (FNILX) is a mutual fund from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FNILX returned +19.72% while VOO returned +23.65%. Year to date, FNILX is up 11.25% versus a gain of 13.53% for VOO.
Over three years, FNILX compounded at +19.71% per year against +21.27% for VOO; over five years the annualized figures are +11.35% and +13.52% respectively. Across the full 5-year window we track, VOO has the edge at +13.57% annualized vs +11.35%. 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 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 FNILX 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNILX charges 0.00% per year while VOO charges 0.03%. On a $10,000 position that is $0 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, FNILX currently yields 0.92% against 1.09% for VOO.
Holdings Overlap
FNILX and VOO share 440 holdings out of 576 unique holdings combined, representing a 87.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FNILX | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 7.53% | 7.51% | 0.02% |
| AAPL | 6.21% | 6.59% | 0.38% |
| MSFT | 5.18% | 4.30% | 0.88% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
See all 10 holdings FNILX 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, FNILX or VOO?
FNILX has an expense ratio of 0.00% while VOO charges 0.03%. FNILX is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, FNILX or VOO?
Over the past year FNILX returned +19.72% vs +23.65% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), FNILX annualized +11.35% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, FNILX or VOO?
FNILX has been the more volatile fund at 15.4% annualized versus 14.1% for VOO. Worst drawdown: FNILX -26.6% vs VOO -34.3%.
Should I hold both FNILX and VOO?
FNILX and VOO have a monthly-return correlation of 0.95, 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 FNILX and VOO?
FNILX and VOO share 440 common holdings with a 87.7% weight overlap. Combined, they hold 576 unique securities.
Which pays a higher dividend, FNILX or VOO?
FNILX yields 0.92% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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