FFNOX vs. VOO
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and Vanguard S&P 500 ETF (VOO).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
FFNOX vs. VOO - Performance Comparison
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FFNOX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | -1.30% | 20.18% | 13.05% | 19.29% | -18.02% | 17.05% | 16.30% | 25.09% | -6.58% | 17.09% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, FFNOX achieves a -1.30% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, FFNOX has underperformed VOO with an annualized return of 10.18%, while VOO has yielded a comparatively higher 14.14% annualized return.
FFNOX
- 1D
- 2.57%
- 1M
- -5.24%
- YTD
- -1.30%
- 6M
- 0.93%
- 1Y
- 18.17%
- 3Y*
- 14.42%
- 5Y*
- 7.82%
- 10Y*
- 10.18%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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FFNOX vs. VOO - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FFNOX vs. VOO — Risk / Return Rank
FFNOX
VOO
FFNOX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FFNOX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.01 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.53 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.55 | +0.23 |
Martin ratioReturn relative to average drawdown | 8.08 | 7.31 | +0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFNOX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.01 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.71 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.79 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.83 | -0.42 |
Correlation
The correlation between FFNOX and VOO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FFNOX vs. VOO - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 3.73%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 3.73% | 3.68% | 6.43% | 3.18% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 0.64% | 2.50% | 0.70% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
FFNOX vs. VOO - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -49.84%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFNOX and VOO.
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Drawdown Indicators
| FFNOX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -33.99% | -15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -11.98% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -24.52% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -29.93% | -33.99% | +4.06% |
Current DrawdownCurrent decline from peak | -6.25% | -5.55% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -3.72% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.55% | -0.25% |
Volatility
FFNOX vs. VOO - Volatility Comparison
Fidelity Multi-Asset Index Fund (FFNOX) has a higher volatility of 5.63% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that FFNOX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFNOX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 5.34% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 9.47% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 18.11% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 16.82% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.52% | 17.99% | -3.47% |