FXAIX vs VFIAX
FXAIX vs VFIAX
Fidelity 500 Index Fund vs Vanguard 500 Index Fund Admiral Class
Quick Verdict
FXAIX has a lower expense ratio. FXAIX delivered stronger 1-year returns. FXAIX offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FXAIX | VFIAX | Winner |
|---|---|---|---|
| Expense Ratio | 0.02% | 0.04% | |
| AUM | $594.0B | $690.3B | |
| Dividend Yield | 1.04% | 1.28% | |
| Holdings | 1,009 | 506 | |
| YTD Return | +9.29% | +9.21% | |
| 1Y Return | +18.19% | +18.13% | |
| 3Y Return (annualized) | +17.90% | +17.85% | |
| 5Y Return (annualized) | +11.15% | +11.12% | |
| Volatility (annualized) | 15.7% | 15.8% | |
| Max Drawdown | -25.4% | -25.4% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 4, 2011 | Nov 13, 2000 |
FXAIX vs VFIAX Performance
Fidelity 500 Index Fund (FXAIX) is a mutual fund from Fidelity Investments (US) and Vanguard 500 Index Fund Admiral Class (VFIAX) is a mutual fund from Vanguard (US). Over the past year FXAIX returned +18.19% while VFIAX returned +18.13%. Year to date, FXAIX is up 9.29% versus a gain of 9.21% for VFIAX.
Over three years, FXAIX compounded at +17.90% per year against +17.85% for VFIAX; over five years the annualized figures are +11.15% and +11.12% respectively. Across the full 5-year window we track, FXAIX has the edge at +11.15% annualized vs +11.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VFIAX has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 15.7% 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 -25.4% for VFIAX. 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
FXAIX charges 0.02% per year while VFIAX charges 0.04%. On a $10,000 position that is $2 vs $4 annually, a gap of $2 per year that compounds over a long holding period. On income, FXAIX currently yields 1.04% against 1.28% for VFIAX.
Holdings Overlap
FXAIX and VFIAX share 494 holdings out of 514 unique holdings combined, representing a 93.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FXAIX | Weight in VFIAX | Difference |
|---|---|---|---|
| NVDA | 7.31% | 7.58% | 0.27% |
| AAPL | 6.63% | 6.66% | 0.03% |
| MSFT | 4.96% | 4.92% | 0.04% |
| 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 |
| JPM | Pro | Pro | Pro |
See all 10 holdings FXAIX shares with VFIAX 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 VFIAX?
FXAIX has an expense ratio of 0.02% while VFIAX charges 0.04%. FXAIX is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, FXAIX or VFIAX?
Over the past year FXAIX returned +18.19% vs +18.13% for VFIAX, so FXAIX leads on 1-year performance. Over the longest common window we track (5 years), FXAIX annualized +11.15% vs +11.12% for VFIAX. Past performance does not guarantee future results.
Which is riskier, FXAIX or VFIAX?
VFIAX has been the more volatile fund at 15.8% annualized versus 15.7% for FXAIX. Worst drawdown: FXAIX -25.4% vs VFIAX -25.4%.
Should I hold both FXAIX and VFIAX?
FXAIX and VFIAX 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 FXAIX and VFIAX?
FXAIX and VFIAX share 494 common holdings with a 93.6% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, FXAIX or VFIAX?
FXAIX yields 1.04% while VFIAX yields 1.28%, so VFIAX currently pays the higher dividend yield.
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