FZROX vs VTSAX
FZROX vs VTSAX
Fidelity ZERO Total Market Index Fund vs Vanguard Total Stock Market Index Fund Admiral Shares
Quick Verdict
FZROX has a lower expense ratio. FZROX delivered stronger 1-year returns. VTSAX offers more diversification with 2728 holdings.
Side-by-Side Comparison
| Metric | FZROX | VTSAX | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.04% | |
| AUM | $3.1B | $489.0B | |
| Dividend Yield | 0.92% | 1.04% | |
| Holdings | 2,533 | 3,543 | |
| YTD Return | +13.71% | +12.90% | |
| 1Y Return | +23.11% | +22.84% | |
| 3Y Return (annualized) | +19.48% | +19.17% | |
| 5Y Return (annualized) | +11.10% | +10.71% | |
| Volatility (annualized) | 15.6% | 16.4% | |
| Max Drawdown | -26.9% | -26.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 2, 2018 | Nov 13, 2000 |
FZROX vs VTSAX Performance
Fidelity ZERO Total Market Index Fund (FZROX) is a mutual fund from Fidelity Investments (US) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is a mutual fund from Vanguard (US). Over the past year FZROX returned +23.11% while VTSAX returned +22.84%. Year to date, FZROX is up 13.71% versus a gain of 12.90% for VTSAX.
Over three years, FZROX compounded at +19.48% per year against +19.17% for VTSAX; over five years the annualized figures are +11.10% and +10.71% respectively. Across the full 5-year window we track, FZROX has the edge at +11.10% annualized vs +10.71%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTSAX has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 15.6% for FZROX. 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 -26.3% for VTSAX. 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 0.96. 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 VTSAX charges 0.04%. On a $10,000 position that is $0 vs $4 annually, a gap of $4 per year that compounds over a long holding period. On income, FZROX currently yields 0.92% against 1.04% for VTSAX.
Holdings Overlap
FZROX and VTSAX share 1861 holdings out of 3382 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 VTSAX | 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 VTSAX 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 VTSAX?
FZROX has an expense ratio of 0.00% while VTSAX charges 0.04%. FZROX is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, FZROX or VTSAX?
Over the past year FZROX returned +23.11% vs +22.84% for VTSAX, so FZROX leads on 1-year performance. Over the longest common window we track (5 years), FZROX annualized +11.10% vs +10.71% for VTSAX. Past performance does not guarantee future results.
Which is riskier, FZROX or VTSAX?
VTSAX has been the more volatile fund at 16.4% annualized versus 15.6% for FZROX. Worst drawdown: FZROX -26.9% vs VTSAX -26.3%.
Should I hold both FZROX and VTSAX?
FZROX and VTSAX have a monthly-return correlation of 0.96, 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 VTSAX?
FZROX and VTSAX share 1861 common holdings with a 80.0% weight overlap. Combined, they hold 3382 unique securities.
Which pays a higher dividend, FZROX or VTSAX?
FZROX yields 0.92% while VTSAX yields 1.04%, so VTSAX currently pays the higher dividend yield.
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