FNILX vs VYM
FNILX vs VYM
Fidelity ZERO Large Cap Index Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
FNILX has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FNILX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.04% | |
| AUM | - | $79.0B | |
| Dividend Yield | 0.92% | 2.86% | |
| Holdings | 512 | 568 | |
| YTD Return | +13.25% | +15.45% | |
| 1Y Return | +21.88% | +26.05% | |
| 3Y Return (annualized) | +20.12% | +17.96% | |
| 5Y Return (annualized) | +11.74% | +12.54% | |
| Volatility (annualized) | 15.5% | 14.6% | |
| Max Drawdown | -26.6% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 13, 2018 | Nov 10, 2006 |
FNILX vs VYM Performance
Fidelity ZERO Large Cap Index Fund (FNILX) is a mutual fund from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FNILX returned +21.88% while VYM returned +26.05%. Year to date, FNILX is up 13.25% versus a gain of 15.45% for VYM.
Over three years, FNILX compounded at +20.12% per year against +17.96% for VYM; over five years the annualized figures are +11.74% and +12.54% respectively. Across the full 5-year window we track, FNILX has the edge at +11.74% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNILX has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNILX charges 0.00% per year while VYM charges 0.04%. On a $10,000 position that is $0 vs $4 annually, a gap of $4 per year that compounds over a long holding period. On income, FNILX currently yields 0.92% against 2.86% for VYM.
Holdings Overlap
FNILX and VYM share 212 holdings out of 857 unique holdings combined, representing a 30.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FNILX | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 2.54% | 6.47% | 3.93% |
| XOM | 0.97% | 2.83% | 1.86% |
| JNJ | 0.89% | 2.62% | 1.73% |
| WMT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
See all 10 holdings FNILX shares with VYM 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 VYM?
FNILX has an expense ratio of 0.00% while VYM charges 0.04%. FNILX is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, FNILX or VYM?
Over the past year FNILX returned +21.88% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), FNILX annualized +11.74% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, FNILX or VYM?
FNILX has been the more volatile fund at 15.5% annualized versus 14.6% for VYM. Worst drawdown: FNILX -26.6% vs VYM -58.8%.
Should I hold both FNILX and VYM?
FNILX and VYM have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNILX and VYM?
FNILX and VYM share 212 common holdings with a 30.2% weight overlap. Combined, they hold 857 unique securities.
Which pays a higher dividend, FNILX or VYM?
FNILX yields 0.92% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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