FNILX vs. VOO
Compare and contrast key facts about Fidelity ZERO Large Cap Index Fund (FNILX) and Vanguard S&P 500 ETF (VOO).
FNILX is managed by Fidelity. 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
FNILX vs. VOO - Performance Comparison
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FNILX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | -7.30% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -13.48% |
Returns By Period
In the year-to-date period, FNILX achieves a -7.30% return, which is significantly lower than VOO's -4.42% return.
FNILX
- 1D
- -0.35%
- 1M
- -7.60%
- YTD
- -7.30%
- 6M
- -5.00%
- 1Y
- 14.41%
- 3Y*
- 17.43%
- 5Y*
- 11.17%
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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FNILX vs. VOO - Expense Ratio Comparison
FNILX 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%.
Return for Risk
FNILX vs. VOO — Risk / Return Rank
FNILX
VOO
FNILX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) 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.
| FNILX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.98 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.50 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.53 | -0.49 |
Martin ratioReturn relative to average drawdown | 5.01 | 7.29 | -2.28 |
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
| FNILX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.98 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.70 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.83 | -0.20 |
Correlation
The correlation between FNILX and VOO is 0.99, 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
FNILX vs. VOO - Dividend Comparison
FNILX's dividend yield for the trailing twelve months is around 1.09%, less than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 1.09% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
FNILX vs. VOO - Drawdown Comparison
The maximum FNILX drawdown since its inception was -33.76%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FNILX and VOO.
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Drawdown Indicators
| FNILX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -33.99% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -11.98% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -24.52% | -0.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -9.01% | -6.29% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -3.72% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.52% | +0.02% |
Volatility
FNILX vs. VOO - Volatility Comparison
The current volatility for Fidelity ZERO Large Cap Index Fund (FNILX) is 4.23%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that FNILX 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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Volatility by Period
| FNILX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 5.29% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 9.44% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 18.10% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 16.82% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.17% | 17.99% | +2.18% |