FAAA vs VOO
Fidelity AAA CLO ETF vs Vanguard S&P 500 ETF
Quick Verdict
FAAA has a lower expense ratio. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FAAA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.03% | |
| AUM | $79M | $997.4B | |
| Dividend Yield | 2.40% | 1.08% | |
| Holdings | 59 | 509 | |
| YTD Return | +2.77% | +12.73% | |
| 1Y Return | - | +20.59% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.87% | |
| Volatility (annualized) | - | 14.1% | |
| Max Drawdown | -0.6% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 11, 2026 | Sep 7, 2010 |
FAAA vs VOO Performance
Fidelity AAA CLO ETF (FAAA) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Year to date, FAAA is up 2.77% versus a gain of 12.73% for VOO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.6% for FAAA and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FAAA charges 0.00% per year while VOO charges 0.03%. On a $10,000 position that is $0 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, FAAA currently yields 2.40% against 1.08% for VOO.
Holdings Overlap
FAAA and VOO share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FAAA or VOO?
FAAA has an expense ratio of 0.00% while VOO charges 0.03%. FAAA is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
What is the holdings overlap between FAAA and VOO?
FAAA and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, FAAA or VOO?
FAAA yields 2.40% while VOO yields 1.08%, so FAAA currently pays the higher dividend yield.
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