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 0.96. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 54.3%.
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 | $120M | $997.4B |
| Dividend Yield | 0.29% | 1.08% |
| Holdings | 32 | 509 |
| YTD Return | +6.59% | +12.74%Best |
| 1Y Return | +7.55% | +19.43%Best |
| 3Y Return (annualized) | +14.47% | +21.18%Best |
| 5Y Return (annualized) | - | +12.76% |
| Volatility (annualized) | 15.5% | 15.1%Best |
| Max Drawdown | -18.5%Best | -18.7% |
| $10,000 over 4.4 years | $15,095 | $19,076Best |
| Top 10 Weight | 54.3% | 36.4%Best |
| Fund Family | First Manhattan | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 22, 2022 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 25, 2022 to Sep 8, 2026 (4.4 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 4.4 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 +7.55% while VOO returned +19.43%. Year to date, FMCX is up 6.59% versus a gain of 12.74% for VOO.
Over three years, FMCX compounded at +14.47% per year against +21.18% for VOO. Across the full 4-year window we track, VOO has the edge at +15.81% annualized vs +9.81%.
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 15.1% 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 -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 0.96. 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 0.29% against 1.08% for VOO.
Holdings Overlap
81.7% of FMCX's money is in holdings VOO also owns. 33.2% of VOO's money is in holdings FMCX also owns.
Most of FMCX is already inside VOO. Owning both mostly buys the same companies twice.
27 positions in common, counted across the 32 positions we hold weights for in FMCX and 504 in VOO, against full books of 32 and 509.
What only one of them owns
Our book lists 467 positions for VOO that do not appear in our book for FMCX (66.1% of the fund), and 3 for FMCX that do not appear in VOO (15.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FMCX | Weight in VOO | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.63% | 4.30% | 2.33% |
| NVDANvidia Corp. | 1.93% | 7.51% | 5.58% |
| AMZNAmazon.Com Inc | 4.87% | 3.62% | 1.25% |
| AVGOBroadcom Inc | 3.83% | 2.77% | 1.06% |
| INTCIntel Corp. | 5.38% | 1.02% | 4.36% |
| GEGeneral Electric Co. | 5.69% | 0.60% | 5.09% |
| KKRKkr & Co., Inc., Series A, Pfd. | 5.21% | 0.10% | 5.11% |
| HONHoneywell International Inc. | 4.41% | 0.11% | 4.30% |
| GOOGAlphabet, Inc., Class C | 1.61% | 2.59% | 0.98% |
| GOOGL Alphabet Inc. Class A | 0.53% | 3.25% | 2.72% |
81.7% of FMCX is already inside VOO.
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 +7.55% vs +19.43% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), FMCX annualized +9.81% vs +15.81% for VOO. 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 15.1% 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 0.96, 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?
81.7% of FMCX's money is in holdings VOO also owns. 33.2% of VOO's is in holdings FMCX also owns. They hold 27 positions in common, counted across the 32 positions we hold weights for in FMCX and 504 in VOO.
Which pays a higher dividend, FMCX or VOO?
FMCX yields 0.29% while VOO yields 1.08%, 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 0.96. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 54.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.