FXAIX vs VOO: which ETF is better?
Fidelity 500 Index Fund (FXAIX) and Vanguard S&P 500 ETF (VOO) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- FXAIX and VOO have very high overlap: 100% of each fund by weight sits in the same holdings.
- Over the last 10 years, FXAIX returned an average of 15.3% a year against 15.3% for VOO, with dividends reinvested.
- Overlap by weight
- 99.8%
- Shared holdings
- 503
| FXAIX | VOO | |
|---|---|---|
| Name | Fidelity 500 Index Fund | Vanguard S&P 500 ETF |
| Issuer | — | Vanguard |
| Listed on | Nasdaq | NYSE Arca · USD |
| Expense ratio | — | 0.03% |
| Assets (AUM) | — | $1.0T |
| Launched | — | Sep 7, 2010 |
| Holdings | 505 | 503 |
| Dividend yield (12m) | 1.09% · quarterly | 1.10% · quarterly |
| Asset class | — | Large Cap Equity |
| Annualised return | FXAIX | VOO |
|---|---|---|
| 1 year | +11.0% | +11.0% |
| 3 years | +20.6% | +20.6% |
| 5 years | +11.0% | +11.0% |
| 10 years | +15.3% | +15.3% |
| Volatility | 15.1% | 15.0% |
| Max drawdown | -33.8% | -34.0% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | FXAIX | VOO |
|---|---|---|
| NVDANVIDIA Corp | 8.37% | 8.39% |
| AAPLApple Inc | 7.36% | 7.38% |
| MSFTMicrosoft Corp | 5.77% | 5.78% |
| AMZNAmazon.com Inc | 3.70% | 3.71% |
| GOOGLAlphabet Inc Class A | 3.06% | 3.07% |
| AVGOBroadcom Inc | 2.53% | 2.54% |
| GOOGAlphabet Inc Class C | 2.45% | 2.45% |
| METAMeta Platforms Inc Class A | 2.42% | 2.43% |
| MUMicron Technology Inc | 1.82% | 1.83% |
| TSLATesla Inc | 1.51% | 1.52% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("FXAIX","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("FXAIX","2016-10-01",TODAY(),"dailyAdj")=SF("VOO","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VOO","2016-10-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 7, 2026. Returns are in each fund's trading currency (USD). Past performance doesn't predict future returns. For information only, not investment advice.
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FXAIX vs VOO: frequently asked questions
How much do FXAIX and VOO overlap?
99.8% by weight. They share 503 holdings, and that share of each fund is invested in exactly the same positions. That's very high, so holding both adds little diversification.
Which has performed better, FXAIX or VOO?
Over the last 10 years, FXAIX has. FXAIX returned 15.3% and VOO 15.3% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, FXAIX or VOO?
VOO does. Over the last 12 months FXAIX yielded 1.09%, paid quarterly, and VOO 1.10%, paid quarterly.
Should I hold both FXAIX and VOO?
Holding both mostly doubles up on the same stocks, since 100% of each fund is in the same positions. Most investors pick one, often the cheaper one. This is general information, not advice.
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