FSKAX vs ITOT
FSKAX vs ITOT
Fidelity Total Market Index Fund vs iShares Core S&P Total US Stock Market ETF
Quick Verdict
FSKAX has a lower expense ratio. ITOT delivered stronger 1-year returns. FSKAX offers more diversification with 3690 holdings.
Side-by-Side Comparison
| Metric | FSKAX | ITOT | Winner |
|---|---|---|---|
| Expense Ratio | 0.02% | 0.03% | |
| AUM | $99.4B | $93.5B | |
| Dividend Yield | 0.94% | 1.00% | |
| Holdings | 3,773 | 2,502 | |
| YTD Return | +13.52% | +13.40% | |
| 1Y Return | +22.89% | +23.14% | |
| 3Y Return (annualized) | +19.34% | +20.62% | |
| 5Y Return (annualized) | +10.87% | +12.18% | |
| Volatility (annualized) | 16.2% | 15.0% | |
| Max Drawdown | -26.0% | -56.3% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 8, 2011 | Jan 20, 2004 |
FSKAX vs ITOT Performance
Fidelity Total Market Index Fund (FSKAX) is a mutual fund from Fidelity Investments (US) and iShares Core S&P Total US Stock Market ETF (ITOT) is a ETF from iShares by BlackRock (US). Over the past year FSKAX returned +22.89% while ITOT returned +23.14%. Year to date, FSKAX is up 13.52% versus a gain of 13.40% for ITOT.
Over three years, FSKAX compounded at +19.34% per year against +20.62% for ITOT; over five years the annualized figures are +10.87% and +12.18% respectively. Across the full 5-year window we track, FSKAX has the edge at +10.87% annualized vs +9.20%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSKAX has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 15.0% for ITOT. 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 -26.0% for FSKAX and -56.3% for ITOT. 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FSKAX charges 0.02% per year while ITOT charges 0.03%. On a $10,000 position that is $2 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, FSKAX currently yields 0.94% against 1.00% for ITOT.
Holdings Overlap
FSKAX and ITOT share 1558 holdings out of 3761 unique holdings combined, representing a 82.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FSKAX | Weight in ITOT | Difference |
|---|---|---|---|
| NVDA | 6.46% | 6.45% | 0.01% |
| AAPL | 5.85% | 6.25% | 0.40% |
| MSFT | 4.38% | 3.91% | 0.47% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
See all 10 holdings FSKAX shares with ITOT 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, FSKAX or ITOT?
FSKAX has an expense ratio of 0.02% while ITOT charges 0.03%. FSKAX is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FSKAX or ITOT?
Over the past year FSKAX returned +22.89% vs +23.14% for ITOT, so ITOT leads on 1-year performance. Over the longest common window we track (5 years), FSKAX annualized +10.87% vs +9.20% for ITOT. Past performance does not guarantee future results.
Which is riskier, FSKAX or ITOT?
FSKAX has been the more volatile fund at 16.2% annualized versus 15.0% for ITOT. Worst drawdown: FSKAX -26.0% vs ITOT -56.3%.
Should I hold both FSKAX and ITOT?
FSKAX and ITOT have a monthly-return correlation of 0.99, 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 FSKAX and ITOT?
FSKAX and ITOT share 1558 common holdings with a 82.2% weight overlap. Combined, they hold 3761 unique securities.
Which pays a higher dividend, FSKAX or ITOT?
FSKAX yields 0.94% while ITOT yields 1.00%, so ITOT currently pays the higher dividend yield.
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