FNCMX vs VOO
Fidelity NASDAQ Composite Index vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FNCMX delivered stronger 1-year returns. FNCMX offers more diversification with 2826 holdings.
Side-by-Side Comparison
| Metric | FNCMX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | - | $979.0B | |
| Dividend Yield | 0.45% | 1.09% | |
| Holdings | 2,946 | 509 | |
| YTD Return | +14.87% | +13.44% | |
| 1Y Return | +24.49% | +22.62% | |
| 3Y Return (annualized) | +25.16% | +21.47% | |
| 5Y Return (annualized) | +12.68% | +13.27% | |
| Volatility (annualized) | 20.1% | 14.1% | |
| Max Drawdown | -36.8% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2003 | Sep 7, 2010 |
FNCMX vs VOO Performance
Fidelity NASDAQ Composite Index (FNCMX) is a mutual fund from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FNCMX returned +24.49% while VOO returned +22.62%. Year to date, FNCMX is up 14.87% versus a gain of 13.44% for VOO.
Over three years, FNCMX compounded at +25.16% per year against +21.47% for VOO; over five years the annualized figures are +12.68% and +13.27% respectively. Across the full 5-year window we track, VOO has the edge at +13.55% annualized vs +12.68%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNCMX has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -36.8% for FNCMX 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNCMX charges 0.29% per year while VOO charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, FNCMX currently yields 0.45% against 1.09% for VOO.
Holdings Overlap
FNCMX and VOO share 160 holdings out of 3171 unique holdings combined, representing a 50.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FNCMX or VOO?
FNCMX has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FNCMX or VOO?
Over the past year FNCMX returned +24.49% vs +22.62% for VOO, so FNCMX leads on 1-year performance. Over the longest common window we track (5 years), FNCMX annualized +12.68% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, FNCMX or VOO?
FNCMX has been the more volatile fund at 20.1% annualized versus 14.1% for VOO. Worst drawdown: FNCMX -36.8% vs VOO -34.3%.
Should I hold both FNCMX and VOO?
FNCMX and VOO have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FNCMX and VOO?
FNCMX and VOO share 160 common holdings with a 50.7% weight overlap. Combined, they hold 3171 unique securities.
Which pays a higher dividend, FNCMX or VOO?
FNCMX yields 0.45% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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