FMKT vs VOO
The Free Markets 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 509 holdings.
Side-by-Side Comparison
| Metric | FMKT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.03% | |
| AUM | $12M | $997.4B | |
| Dividend Yield | 2.14% | 1.08% | |
| Holdings | 45 | 509 | |
| YTD Return | +2.67% | +12.95% | |
| 1Y Return | +5.94% | +20.69% | |
| 3Y Return (annualized) | - | +22.09% | |
| 5Y Return (annualized) | - | +13.40% | |
| Volatility (annualized) | 14.2% | 14.1% | |
| Max Drawdown | -17.8% | -34.3% | |
| Fund Family | Tidal ETF Trust | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 9, 2025 | Sep 7, 2010 |
FMKT vs VOO Performance
The Free Markets ETF (FMKT) is a ETF from Tidal ETF Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FMKT returned +5.94% while VOO returned +20.69%. Year to date, FMKT is up 2.67% versus a gain of 12.95% for VOO.
Risk: Volatility and Drawdowns
FMKT has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -17.8% for FMKT 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMKT charges 0.76% per year while VOO charges 0.03%. On a $10,000 position that is $76 vs $3 annually, a gap of $73 per year that compounds over a long holding period. On income, FMKT currently yields 2.14% against 1.08% for VOO.
Holdings Overlap
FMKT and VOO share 30 holdings out of 519 unique holdings combined, representing a 8.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FMKT or VOO?
FMKT has an expense ratio of 0.76% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, FMKT or VOO?
Over the past year FMKT returned +5.94% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), FMKT annualized +13.72% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, FMKT or VOO?
FMKT has been the more volatile fund at 14.2% annualized versus 14.1% for VOO. Worst drawdown: FMKT -17.8% vs VOO -34.3%.
Should I hold both FMKT and VOO?
FMKT and VOO have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMKT and VOO?
FMKT and VOO share 30 common holdings with a 8.4% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, FMKT or VOO?
FMKT yields 2.14% while VOO yields 1.08%, so FMKT currently pays the higher dividend yield.
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