Correlation
The correlation between FIOOX and VOO is 0.89, 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.
FIOOX vs. VOO
Compare and contrast key facts about Fidelity Series Large Cap Value Index Fund (FIOOX) and Vanguard S&P 500 ETF (VOO).
FIOOX is managed by Fidelity. It was launched on Nov 7, 2013. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIOOX or VOO.
Performance
FIOOX vs. VOO - Performance Comparison
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Key characteristics
FIOOX:
0.64
VOO:
0.74
FIOOX:
0.94
VOO:
1.04
FIOOX:
1.13
VOO:
1.15
FIOOX:
0.63
VOO:
0.68
FIOOX:
2.23
VOO:
2.58
FIOOX:
4.39%
VOO:
4.93%
FIOOX:
16.52%
VOO:
19.54%
FIOOX:
-38.31%
VOO:
-33.99%
FIOOX:
-4.56%
VOO:
-3.55%
Returns By Period
In the year-to-date period, FIOOX achieves a 2.48% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, FIOOX has underperformed VOO with an annualized return of 8.60%, while VOO has yielded a comparatively higher 12.81% annualized return.
FIOOX
2.48%
3.67%
-4.56%
8.91%
8.18%
13.05%
8.60%
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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FIOOX vs. VOO - Expense Ratio Comparison
FIOOX has a 0.00% expense ratio, which is lower than VOO's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FIOOX vs. VOO — Risk-Adjusted Performance Rank
FIOOX
VOO
FIOOX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Value Index Fund (FIOOX) 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.
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Dividends
FIOOX vs. VOO - Dividend Comparison
FIOOX's dividend yield for the trailing twelve months is around 3.27%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 3.27% | 3.30% | 4.31% | 4.39% | 6.15% | 2.59% | 6.82% | 4.99% | 4.09% | 2.48% | 6.77% | 3.74% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FIOOX vs. VOO - Drawdown Comparison
The maximum FIOOX drawdown since its inception was -38.31%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FIOOX and VOO.
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Volatility
FIOOX vs. VOO - Volatility Comparison
The current volatility for Fidelity Series Large Cap Value Index Fund (FIOOX) is 4.33%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that FIOOX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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