VOO vs. FXAIX
Compare and contrast key facts about Vanguard S&P 500 ETF (VOO) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOO or FXAIX.
Performance
VOO vs. FXAIX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VOO having a 25.52% return and FXAIX slightly higher at 25.57%. Both investments have delivered pretty close results over the past 10 years, with VOO having a 13.15% annualized return and FXAIX not far behind at 13.04%.
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
FXAIX
25.57%
1.18%
12.23%
32.20%
15.59%
13.04%
Key characteristics
| VOO | FXAIX | |
|---|---|---|
| Sharpe Ratio | 2.62 | 2.61 |
| Sortino Ratio | 3.50 | 3.49 |
| Omega Ratio | 1.49 | 1.49 |
| Calmar Ratio | 3.78 | 3.78 |
| Martin Ratio | 17.12 | 17.01 |
| Ulcer Index | 1.86% | 1.88% |
| Daily Std Dev | 12.19% | 12.24% |
| Max Drawdown | -33.99% | -33.79% |
| Current Drawdown | -1.36% | -1.35% |
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VOO vs. FXAIX - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is higher than FXAIX's 0.02% 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%.
Correlation
The correlation between VOO and FXAIX 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.
Risk-Adjusted Performance
VOO vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Fidelity 500 Index Fund (FXAIX). 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
VOO vs. FXAIX - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.25%, more than FXAIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
VOO vs. FXAIX - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for VOO and FXAIX. For additional features, visit the drawdowns tool.
Volatility
VOO vs. FXAIX - Volatility Comparison
Vanguard S&P 500 ETF (VOO) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.10% and 4.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.