FCPI vs VOO
Fidelity Stocks for Inflation ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FCPI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $276M | $979.0B | |
| Dividend Yield | 1.60% | 1.09% | |
| Holdings | 105 | 509 | |
| YTD Return | +13.89% | +13.72% | |
| 1Y Return | +18.69% | +21.63% | |
| 3Y Return (annualized) | +20.64% | +21.55% | |
| 5Y Return (annualized) | +14.42% | +13.26% | |
| Volatility (annualized) | 17.0% | 14.1% | |
| Max Drawdown | -37.3% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 5, 2019 | Sep 7, 2010 |
FCPI vs VOO Performance
Fidelity Stocks for Inflation ETF (FCPI) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FCPI returned +18.69% while VOO returned +21.63%. Year to date, FCPI is up 13.89% versus a gain of 13.72% for VOO.
Over three years, FCPI compounded at +20.64% per year against +21.55% for VOO; over five years the annualized figures are +14.42% and +13.26% respectively. Across the full 7-year window we track, FCPI has the edge at +14.47% annualized vs +13.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCPI has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.3% for FCPI and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FCPI charges 0.15% per year while VOO charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FCPI currently yields 1.60% against 1.09% for VOO.
Holdings Overlap
FCPI and VOO share 66 holdings out of 539 unique holdings combined, representing a 38.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FCPI or VOO?
FCPI has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FCPI or VOO?
Over the past year FCPI returned +18.69% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (7 years), FCPI annualized +14.47% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, FCPI or VOO?
FCPI has been the more volatile fund at 17.0% annualized versus 14.1% for VOO. Worst drawdown: FCPI -37.3% vs VOO -34.3%.
Should I hold both FCPI and VOO?
FCPI and VOO have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FCPI and VOO?
FCPI and VOO share 66 common holdings with a 38.3% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, FCPI or VOO?
FCPI yields 1.60% while VOO yields 1.09%, so FCPI currently pays the higher dividend yield.
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