FSYD vs. VOO

Last updated Jun 4, 2026

FSYD (Fidelity Sustainable High Yield ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - FSYD is a High Yield Bonds fund actively managed by Fidelity, while VOO is a S&P 500 fund tracking the S&P 500 Index. FSYD is actively managed, while VOO is passively managed. Over the past 3 years, FSYD returned 9.54%/yr vs 22.44%/yr for VOO. A 0.73 correlation means they provide meaningful diversification when combined. FSYD charges 0.55%/yr vs 0.03%/yr for VOO.

Performance

FSYD vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Sustainable High Yield ETF (FSYD) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSYD achieves a 3.35% return, which is significantly lower than VOO's 10.91% return.

FSYD

• 1D: -0.27%
• 1M: 0.75%
• YTD: 3.35%
• 6M: 3.97%
• 1Y: 10.19%
• 3Y*: 9.54%
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSYD vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FSYD Fidelity Sustainable High Yield ETF	3.35%	9.09%	8.74%	12.22%	-6.59%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-11.11%

Correlation

The correlation between FSYD and VOO is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.73

The correlation between FSYD and VOO has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

FSYD vs. VOO - Sectors Allocation Comparison

Sectors	FSYD	VOO
Healthcare	94.6%	8.5%
Energy	34.4%	3.5%
Technology	5.4%	35.7%
Communication Services	0.0%	11.3%
Basic Materials	-	1.8%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	4.9%
Financial Services	-	11.6%
Industrials	-	8.3%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

FSYD vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSYD

FSYD Risk / Return Rank: 79
FSYD Sharpe Ratio Rank: 75
FSYD Sortino Ratio Rank: 83
FSYD Omega Ratio Rank: 82
FSYD Calmar Ratio Rank: 76
FSYD Martin Ratio Rank: 78

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSYD vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable High Yield ETF (FSYD) 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.

	FSYD	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.39	+0.10
Sortino ratio: Return per unit of downside risk	3.79	3.25	+0.54
Omega ratio: Gain probability vs. loss probability	1.50	1.43	+0.07
Calmar ratio: Return relative to maximum drawdown	3.83	3.16	+0.66
Martin ratio: Return relative to average drawdown	15.34	14.73	+0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSYD vs. VOO - Sharpe Ratio Comparison

The current FSYD Sharpe Ratio is 2.49, which is comparable to the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FSYD and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSYD	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.39	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.89	-0.12

Drawdowns

FSYD vs. VOO - Drawdown Comparison

The maximum FSYD drawdown since its inception was -12.11%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FSYD and VOO.

Drawdown Indicators

	FSYD	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-12.11%	-33.99%	+21.88%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-8.90%	+6.23%
Max Drawdown (3Y) Largest decline over 3 years	-5.49%	-18.69%	+13.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.27%	-0.70%	+0.43%
Average Drawdown Average peak-to-trough decline	-2.40%	-3.69%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	1.91%	-1.24%

Volatility

FSYD vs. VOO - Volatility Comparison

The current volatility for Fidelity Sustainable High Yield ETF (FSYD) is 1.12%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.84%. This indicates that FSYD 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.

Volatility by Period

	FSYD	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	2.84%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	3.13%	8.90%	-5.77%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	11.80%	-7.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.85%	16.81%	-8.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.85%	18.01%	-10.16%

FSYD vs. VOO - Expense Ratio Comparison

FSYD has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

FSYD vs. VOO - Dividend Comparison

FSYD's dividend yield for the trailing twelve months is around 6.32%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSYD Fidelity Sustainable High Yield ETF	6.32%	6.49%	6.47%	6.70%	5.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both FSYD and VOO in my portfolio?

FSYD and VOO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSYD or VOO?

VOO has higher volatility (2.84%) compared to FSYD (1.12%). In terms of maximum drawdown, FSYD dropped -12.11% vs VOO's -33.99%.

Which ETF is better, FSYD or VOO?

On 3-year performance, VOO leads with 22.44% vs 9.54% for FSYD. On fees, VOO is cheaper at 0.03% per year. On volatility, FSYD has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FSYD or VOO?

Over the 3-year period, VOO has performed better with a 22.44% return vs 9.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FSYD or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.55% for FSYD.

Which ETF pays a higher dividend yield, FSYD or VOO?

FSYD has the higher dividend yield at 6.32%, compared with 1.03% for VOO.

What is the main difference between FSYD and VOO?

FSYD is categorized as High Yield Bonds, while VOO is S&P 500. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.55% for FSYD and 0.03% for VOO.

Which has better risk-adjusted returns?

FSYD currently has the higher Sharpe Ratio (2.49 vs 2.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.