FSEC vs VOO
FSEC vs VOO
Fidelity Investment Grade Securitized ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. FSEC offers more diversification with 731 holdings.
Side-by-Side Comparison
| Metric | FSEC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $4.7B | $979.0B | |
| Dividend Yield | 4.75% | 1.09% | |
| Holdings | 1,026 | 509 | |
| YTD Return | +0.85% | +13.53% | |
| 1Y Return | +3.99% | +23.65% | |
| 3Y Return (annualized) | +5.24% | +21.27% | |
| 5Y Return (annualized) | +0.34% | +13.52% | |
| Volatility (annualized) | 6.6% | 14.1% | |
| Max Drawdown | -18.0% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 2, 2021 | Sep 7, 2010 |
FSEC vs VOO Performance
Fidelity Investment Grade Securitized ETF (FSEC) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FSEC returned +3.99% while VOO returned +23.65%. Year to date, FSEC is up 0.85% versus a gain of 13.53% for VOO.
Over three years, FSEC compounded at +5.24% per year against +21.27% for VOO; over five years the annualized figures are +0.34% and +13.52% respectively. Across the full 5-year window we track, VOO has the edge at +13.57% annualized vs +0.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 6.6% for FSEC. 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 -18.0% for FSEC 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FSEC charges 0.36% per year while VOO charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, FSEC currently yields 4.75% against 1.09% for VOO.
Holdings Overlap
FSEC and VOO share 0 holdings out of 1236 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, FSEC or VOO?
FSEC has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, FSEC or VOO?
Over the past year FSEC returned +3.99% vs +23.65% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), FSEC annualized +0.41% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, FSEC or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 6.6% for FSEC. Worst drawdown: FSEC -18.0% vs VOO -34.3%.
Should I hold both FSEC and VOO?
FSEC and VOO have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSEC and VOO?
FSEC and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1236 unique securities.
Which pays a higher dividend, FSEC or VOO?
FSEC yields 4.75% while VOO yields 1.09%, so FSEC currently pays the higher dividend yield.
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