FXAIX vs VOO
FXAIX vs VOO
Fidelity 500 Index Fund vs Vanguard S&P 500 ETF
Quick Verdict
FXAIX has a lower expense ratio. VOO delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | FXAIX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.02% | 0.03% | |
| AUM | $594.0B | $979.0B | |
| Dividend Yield | 1.04% | 1.09% | |
| Holdings | 1,009 | 509 | |
| YTD Return | +9.29% | +11.51% | |
| 1Y Return | +18.19% | +21.46% | |
| 3Y Return (annualized) | +17.90% | +20.86% | |
| 5Y Return (annualized) | +11.26% | +13.01% | |
| Volatility (annualized) | 15.7% | 14.1% | |
| Max Drawdown | -25.4% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 4, 2011 | Sep 7, 2010 |
FXAIX vs VOO Performance
Fidelity 500 Index Fund (FXAIX) is a mutual fund from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FXAIX returned +18.19% while VOO returned +21.46%. Year to date, FXAIX is up 9.29% versus a gain of 11.51% for VOO.
Over three years, FXAIX compounded at +17.90% per year against +20.86% for VOO; over five years the annualized figures are +11.26% and +13.01% respectively. Across the full 5-year window we track, VOO has the edge at +13.44% annualized vs +11.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXAIX has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 14.1% for VOO. 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 -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 0.99. 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 VOO 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, FXAIX currently yields 1.04% against 1.09% for VOO.
Holdings Overlap
FXAIX and VOO share 488 holdings out of 522 unique holdings combined, representing a 87.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FXAIX | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 7.31% | 7.51% | 0.20% |
| AAPL | 6.63% | 6.59% | 0.04% |
| MSFT | 4.96% | 4.30% | 0.66% |
| 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 VOO 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 VOO?
FXAIX has an expense ratio of 0.02% while VOO charges 0.03%. FXAIX is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FXAIX or VOO?
Over the past year FXAIX returned +18.19% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), FXAIX annualized +11.26% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, FXAIX or VOO?
FXAIX has been the more volatile fund at 15.7% annualized versus 14.1% for VOO. Worst drawdown: FXAIX -25.4% vs VOO -34.3%.
Should I hold both FXAIX and VOO?
FXAIX and VOO 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 VOO?
FXAIX and VOO share 488 common holdings with a 87.3% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, FXAIX or VOO?
FXAIX yields 1.04% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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