FMCX vs VOO
FM Focus Equity ETF vs Vanguard S&P 500 ETF
Which is better, FMCX or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FMCX | VOO |
|---|---|---|
| Expense Ratio | 0.72% | 0.03%Best |
| AUM | $115M | $1.0T |
| Dividend Yield | 0.30% | 1.05% |
| Holdings | 32 | 519 |
| YTD Return | +6.73% | +12.11%Best |
| 1Y Return | +7.10% | +12.50%Best |
| 3Y Return (annualized) | +15.11% | +21.54%Best |
| 5Y Return (annualized) | - | +11.93% |
| Volatility (annualized) | 15.5% | 14.9%Best |
| Max Drawdown | -18.5%Best | -18.7% |
| $10,000 over 4.5 years | $15,013 | $18,763Best |
| Fund Family | First Manhattan | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 22, 2022 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 25, 2022 to Nov 11, 2026 (4.5 years).
FMCX vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.5 years both funds cover.
FMCX vs VOO Performance
FM Focus Equity ETF (FMCX) is an ETF from First Manhattan and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FMCX returned +7.10% while VOO returned +12.50%. Year to date, FMCX is up 6.73% versus a gain of 12.11% for VOO.
Over three years, FMCX compounded at +15.11% per year against +21.54% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMCX has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 14.9% 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 -18.5% for FMCX and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMCX charges 0.72% per year while VOO charges 0.03%. On a $10,000 position that is $72 vs $3 annually, a gap of $69 per year that compounds over a long holding period. On income, FMCX currently yields 0.30% against 1.05% for VOO.
Holdings Overlap
At least 29.4% of VOO's money is in holdings FMCX also owns.
Stated as a floor: for FMCX, our book for it covers 88.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VOO and FMCX share little of their money.
24 positions in common, counted across the 28 positions we hold weights for in FMCX and 506 in VOO, against full books of 32 and 519.
Top Shared Holdings
| Stock | Weight in FMCX | Weight in VOO | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 7.38% | 5.78% | 1.60% |
| NVDANvidia Corp | 1.99% | 8.39% | 6.40% |
| AMZNAmazon.Com Inc | 4.62% | 3.71% | 0.91% |
| GEGeneral Electric Co. | 5.83% | 0.49% | 5.34% |
| KKRKkr & Co. Inc. Class A | 5.89% | 0.10% | 5.79% |
| AVGOBroadcom Inc | 3.13% | 2.54% | 0.59% |
| INTCIntel Corp. | 4.15% | 0.91% | 3.24% |
| CRMSalesforce Inc Crm Us Equity | 4.46% | 0.29% | 4.17% |
| TMOThermo Fisher | 4.07% | 0.38% | 3.69% |
| GOOGAlphabet Inc. C | 1.89% | 2.45% | 0.56% |
29.4% of VOO is already inside FMCX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FMCX or VOO?
FMCX has an expense ratio of 0.72% while VOO charges 0.03%. VOO is the cheaper option, by $69 a year on a $10,000 investment.
Which performed better, FMCX or VOO?
Over the past year FMCX returned +7.10% vs +12.50% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMCX or VOO?
FMCX has been the more volatile fund at 15.5% annualized versus 14.9% for VOO. Worst drawdown: FMCX -18.5% vs VOO -18.7%.
Should I hold both FMCX and VOO?
FMCX and VOO have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FMCX and VOO?
At least 29.4% of VOO's money is in holdings FMCX also owns. Our book for FMCX is partial, so the real figure is this or higher. They hold 24 positions in common, counted across the 28 positions we hold weights for in FMCX and 506 in VOO.
Which pays a higher dividend, FMCX or VOO?
FMCX yields 0.30% while VOO yields 1.05%, so VOO currently pays the higher dividend yield.
Is VOO better than FMCX?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.