FXAIX vs FZROX
FXAIX vs FZROX
Fidelity 500 Index Fund vs Fidelity ZERO Total Market Index Fund
Quick Verdict
FZROX has a lower expense ratio. FZROX delivered stronger 1-year returns. FZROX offers more diversification with 2515 holdings.
Side-by-Side Comparison
| Metric | FXAIX | FZROX | Winner |
|---|---|---|---|
| Expense Ratio | 0.02% | 0.00% | |
| AUM | $594.0B | $3.1B | |
| Dividend Yield | 1.04% | 0.92% | |
| Holdings | 1,009 | 2,533 | |
| YTD Return | +12.51% | +13.50% | |
| 1Y Return | +21.55% | +22.10% | |
| 3Y Return (annualized) | +19.55% | +19.39% | |
| 5Y Return (annualized) | +11.75% | +11.05% | |
| Volatility (annualized) | 15.6% | 15.6% | |
| Max Drawdown | -25.4% | -26.9% | |
| Fund Family | Fidelity Investments (US) | Fidelity Investments (US) | |
| Category | Equity | Equity | |
| Inception | May 4, 2011 | Aug 2, 2018 |
FXAIX vs FZROX Performance
Fidelity 500 Index Fund (FXAIX) is a mutual fund from Fidelity Investments (US) and Fidelity ZERO Total Market Index Fund (FZROX) is a mutual fund from Fidelity Investments (US). Over the past year FXAIX returned +21.55% while FZROX returned +22.10%. Year to date, FXAIX is up 12.51% versus a gain of 13.50% for FZROX.
Over three years, FXAIX compounded at +19.55% per year against +19.39% for FZROX; over five years the annualized figures are +11.75% and +11.05% respectively. Across the full 5-year window we track, FXAIX has the edge at +11.75% annualized vs +11.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FZROX has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 15.6% for FXAIX. 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 -25.4% for FXAIX and -26.9% for FZROX. 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FXAIX charges 0.02% per year while FZROX charges 0.00%. On a $10,000 position that is $2 vs $0 annually, a gap of $2 per year that compounds over a long holding period. On income, FXAIX currently yields 1.04% against 0.92% for FZROX.
Holdings Overlap
FXAIX and FZROX share 503 holdings out of 2517 unique holdings combined, representing a 85.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FXAIX | Weight in FZROX | Difference |
|---|---|---|---|
| NVDA | 7.31% | 6.93% | 0.38% |
| AAPL | 6.63% | 5.72% | 0.91% |
| MSFT | 4.96% | 4.77% | 0.19% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings FXAIX shares with FZROX 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, FXAIX or FZROX?
FXAIX has an expense ratio of 0.02% while FZROX charges 0.00%. FZROX is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, FXAIX or FZROX?
Over the past year FXAIX returned +21.55% vs +22.10% for FZROX, so FZROX leads on 1-year performance. Over the longest common window we track (5 years), FXAIX annualized +11.75% vs +11.05% for FZROX. Past performance does not guarantee future results.
Which is riskier, FXAIX or FZROX?
FZROX has been the more volatile fund at 15.6% annualized versus 15.6% for FXAIX. Worst drawdown: FXAIX -25.4% vs FZROX -26.9%.
Should I hold both FXAIX and FZROX?
FXAIX and FZROX have a monthly-return correlation of 0.97, 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 FXAIX and FZROX?
FXAIX and FZROX share 503 common holdings with a 85.8% weight overlap. Combined, they hold 2517 unique securities.
Which pays a higher dividend, FXAIX or FZROX?
FXAIX yields 1.04% while FZROX yields 0.92%, so FXAIX currently pays the higher dividend yield.
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