FZROX vs VTI
FZROX vs VTI
Fidelity ZERO Total Market Index Fund vs Vanguard Total Stock Market ETF
Quick Verdict
FZROX has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | FZROX | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.03% | |
| AUM | $3.1B | $663.5B | |
| Dividend Yield | 0.92% | 1.07% | |
| Holdings | 2,533 | 3,543 | |
| YTD Return | +13.71% | +13.39% | |
| 1Y Return | +23.11% | +23.21% | |
| 3Y Return (annualized) | +19.48% | +20.65% | |
| 5Y Return (annualized) | +11.10% | +12.18% | |
| Volatility (annualized) | 15.6% | 15.3% | |
| Max Drawdown | -26.9% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 2, 2018 | May 24, 2001 |
FZROX vs VTI Performance
Fidelity ZERO Total Market Index Fund (FZROX) is a mutual fund from Fidelity Investments (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FZROX returned +23.11% while VTI returned +23.21%. Year to date, FZROX is up 13.71% versus a gain of 13.39% for VTI.
Over three years, FZROX compounded at +19.48% per year against +20.65% for VTI; over five years the annualized figures are +11.10% and +12.18% respectively. Across the full 5-year window we track, FZROX has the edge at +11.10% annualized vs +8.11%. 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 15.3% for VTI. 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 -26.9% for FZROX and -56.6% for VTI. 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FZROX charges 0.00% per year while VTI charges 0.03%. On a $10,000 position that is $0 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, FZROX currently yields 0.92% against 1.07% for VTI.
Holdings Overlap
FZROX and VTI share 1945 holdings out of 3353 unique holdings combined, representing a 80.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FZROX | Weight in VTI | Difference |
|---|---|---|---|
| NVDA | 6.93% | 6.32% | 0.61% |
| AAPL | 5.72% | 5.84% | 0.12% |
| MSFT | 4.77% | 3.81% | 0.96% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
See all 10 holdings FZROX shares with VTI 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, FZROX or VTI?
FZROX has an expense ratio of 0.00% while VTI charges 0.03%. FZROX is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, FZROX or VTI?
Over the past year FZROX returned +23.11% vs +23.21% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (5 years), FZROX annualized +11.10% vs +8.11% for VTI. Past performance does not guarantee future results.
Which is riskier, FZROX or VTI?
FZROX has been the more volatile fund at 15.6% annualized versus 15.3% for VTI. Worst drawdown: FZROX -26.9% vs VTI -56.6%.
Should I hold both FZROX and VTI?
FZROX and VTI have a monthly-return correlation of 0.95, 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 FZROX and VTI?
FZROX and VTI share 1945 common holdings with a 80.0% weight overlap. Combined, they hold 3353 unique securities.
Which pays a higher dividend, FZROX or VTI?
FZROX yields 0.92% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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