FFLV vs VOO
Fidelity Fundamental Large Cap Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FFLV delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FFLV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | $16M | $997.4B | |
| Dividend Yield | 1.36% | 1.08% | |
| Holdings | 109 | 509 | |
| YTD Return | +17.89% | +12.68% | |
| 1Y Return | +29.13% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 12.3% | 14.1% | |
| Max Drawdown | -16.7% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 9, 2024 | Sep 7, 2010 |
FFLV vs VOO Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FFLV returned +29.13% while VOO returned +21.87%. Year to date, FFLV is up 17.89% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.3% for FFLV. 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 -16.7% for FFLV 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FFLV charges 0.38% per year while VOO charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period. On income, FFLV currently yields 1.36% against 1.08% for VOO.
Holdings Overlap
FFLV and VOO share 77 holdings out of 540 unique holdings combined, representing a 28.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FFLV or VOO?
FFLV has an expense ratio of 0.38% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, FFLV or VOO?
Over the past year FFLV returned +29.13% vs +21.87% for VOO, so FFLV leads on 1-year performance. Over the longest common window we track (3 years), FFLV annualized +17.29% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, FFLV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.3% for FFLV. Worst drawdown: FFLV -16.7% vs VOO -34.3%.
Should I hold both FFLV and VOO?
FFLV and VOO have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and VOO?
FFLV and VOO share 77 common holdings with a 28.0% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, FFLV or VOO?
FFLV yields 1.36% while VOO yields 1.08%, so FFLV currently pays the higher dividend yield.
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