FZROX vs VTI: which ETF is better?
Fidelity ZERO Total Market Index Fund (FZROX) and Vanguard Morningstar Total Stock Market ETF (VTI) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- FZROX and VTI have very high overlap: 98% of each fund by weight sits in the same holdings.
- Over the last 5 years, FZROX returned an average of 10.0% a year against 9.9% for VTI, with dividends reinvested.
- Overlap by weight
- 98.1%
- Shared holdings
- 2,559
| FZROX | VTI | |
|---|---|---|
| Name | Fidelity ZERO Total Market Index Fund | Vanguard Morningstar Total Stock Market ETF |
| Issuer | — | Vanguard |
| Listed on | Nasdaq | NYSE Arca · USD |
| Expense ratio | — | 0.03% |
| Assets (AUM) | — | $689B |
| Launched | — | May 24, 2001 |
| Holdings | 2,622 | 3,469 |
| Dividend yield (12m) | 0.94% · annual | 1.09% · quarterly |
| Asset class | — | Large Cap Equity |
| Annualised return | FZROX | VTI |
|---|---|---|
| 1 year | +11.1% | +11.1% |
| 3 years | +20.5% | +20.4% |
| 5 years | +10.0% | +9.9% |
| 10 years | — | +14.8% |
| Volatility | 15.4% | 15.5% |
| Max drawdown | -34.9% | -35.0% |
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 | FZROX | VTI |
|---|---|---|
| NVDANVIDIA Corp | 7.49% | 7.13% |
| AAPLApple Inc | 6.63% | 6.63% |
| MSFTMicrosoft Corp | 5.16% | 5.19% |
| AMZNAmazon.com Inc | 3.30% | 3.30% |
| GOOGLAlphabet Inc Class A | 2.73% | 2.76% |
| AVGOBroadcom Inc | 2.25% | 2.28% |
| GOOGAlphabet Inc Class C | 2.18% | 2.18% |
| METAMeta Platforms Inc Class A | 2.16% | 2.18% |
| MUMicron Technology Inc | 1.63% | 1.64% |
| TSLATesla Inc | 1.35% | 1.36% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("FZROX","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("FZROX","2018-08-01",TODAY(),"dailyAdj")=SF("VTI","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VTI","2018-08-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 6, 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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FZROX vs VTI: frequently asked questions
How much do FZROX and VTI overlap?
98.1% by weight. They share 2,559 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, FZROX or VTI?
Over the last 5 years, FZROX has. FZROX returned 10.0% and VTI 9.9% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, FZROX or VTI?
VTI does. Over the last 12 months FZROX yielded 0.94%, paid annual, and VTI 1.09%, paid quarterly.
Should I hold both FZROX and VTI?
Holding both mostly doubles up on the same stocks, since 98% 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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