FNCL vs VOO
Fidelity MSCI Financials Index 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 | FNCL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.03% | |
| AUM | $2.4B | $997.4B | |
| Dividend Yield | 1.56% | 1.08% | |
| Holdings | 389 | 509 | |
| YTD Return | +7.34% | +12.73% | |
| 1Y Return | +11.20% | +20.59% | |
| 3Y Return (annualized) | +22.18% | +21.70% | |
| 5Y Return (annualized) | +10.59% | +12.87% | |
| Volatility (annualized) | 18.6% | 14.1% | |
| Max Drawdown | -45.0% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | Sep 7, 2010 |
FNCL vs VOO Performance
Fidelity MSCI Financials Index ETF (FNCL) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FNCL returned +11.20% while VOO returned +20.59%. Year to date, FNCL is up 7.34% versus a gain of 12.73% for VOO.
Over three years, FNCL compounded at +22.18% per year against +21.70% for VOO; over five years the annualized figures are +10.59% and +12.87% respectively. Across the full 13-year window we track, VOO has the edge at +13.47% annualized vs +10.71%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNCL has been the more volatile fund, with annualized monthly volatility of 18.6% 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 -45.0% for FNCL 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNCL charges 0.08% per year while VOO charges 0.03%. On a $10,000 position that is $8 vs $3 annually, a gap of $5 per year that compounds over a long holding period. On income, FNCL currently yields 1.56% against 1.08% for VOO.
Holdings Overlap
FNCL and VOO share 71 holdings out of 806 unique holdings combined, representing a 9.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNCL or VOO?
FNCL has an expense ratio of 0.08% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, FNCL or VOO?
Over the past year FNCL returned +11.20% vs +20.59% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (13 years), FNCL annualized +10.71% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, FNCL or VOO?
FNCL has been the more volatile fund at 18.6% annualized versus 14.1% for VOO. Worst drawdown: FNCL -45.0% vs VOO -34.3%.
Should I hold both FNCL and VOO?
FNCL and VOO have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNCL and VOO?
FNCL and VOO share 71 common holdings with a 9.8% weight overlap. Combined, they hold 806 unique securities.
Which pays a higher dividend, FNCL or VOO?
FNCL yields 1.56% while VOO yields 1.08%, so FNCL currently pays the higher dividend yield.
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