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.
Correlation
The correlation between FIOOX and VOO is 0.90, 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.
Performance
FIOOX vs. VOO - Performance Comparison
Key characteristics
FIOOX:
1.19
VOO:
2.25
FIOOX:
1.67
VOO:
2.98
FIOOX:
1.22
VOO:
1.42
FIOOX:
1.29
VOO:
3.31
FIOOX:
5.92
VOO:
14.77
FIOOX:
2.28%
VOO:
1.90%
FIOOX:
11.38%
VOO:
12.46%
FIOOX:
-38.31%
VOO:
-33.99%
FIOOX:
-9.37%
VOO:
-2.47%
Returns By Period
In the year-to-date period, FIOOX achieves a 11.27% return, which is significantly lower than VOO's 26.02% return. Over the past 10 years, FIOOX has underperformed VOO with an annualized return of 8.10%, while VOO has yielded a comparatively higher 13.08% annualized return.
FIOOX
11.27%
-6.62%
4.14%
12.34%
8.18%
8.10%
VOO
26.02%
-0.11%
9.35%
26.45%
14.79%
13.08%
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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 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.
Dividends
FIOOX vs. VOO - Dividend Comparison
FIOOX's dividend yield for the trailing twelve months is around 0.10%, less than VOO's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 0.10% | 2.24% | 2.38% | 1.95% | 2.18% | 2.54% | 2.99% | 2.36% | 1.63% | 3.16% | 5.87% | 0.34% |
VOO Vanguard S&P 500 ETF | 0.91% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
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. For additional features, visit the drawdowns tool.
Volatility
FIOOX vs. VOO - Volatility Comparison
Fidelity Series Large Cap Value Index Fund (FIOOX) has a higher volatility of 4.75% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. This indicates that FIOOX'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.