FNDX vs VOO
Schwab Fundamental US Large Company ETF vs Vanguard S&P 500 ETF
Which is better, FNDX or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. FNDX led over 1Y and 5Y, VOO over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. FNDX is less concentrated, with 21.0% of the fund in its ten largest positions against 37.6%.
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 | FNDX | VOO |
|---|---|---|
| Expense Ratio | 0.25% | 0.03%Best |
| AUM | $27.6B | $997.4B |
| Dividend Yield | 1.42% | 1.04% |
| Holdings | 736 | 509 |
| YTD Return | +18.71%Best | +11.48% |
| 1Y Return | +25.84%Best | +15.94% |
| 3Y Return (annualized) | +20.76% | +21.01%Best |
| 5Y Return (annualized) | +13.94%Best | +12.66% |
| Volatility (annualized) | 14.8% | 14.5%Best |
| Max Drawdown | -37.7% | -34.3%Best |
| $10,000 over 5 years | $19,204Best | $18,149 |
| Top 10 Weight | 21.0%Best | 37.6% |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Aug 15, 2013 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Aug 15, 2013 to Sep 15, 2026 (13.1 years).
FNDX 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 13.1 years both funds cover.
FNDX vs VOO Performance
Schwab Fundamental US Large Company ETF (FNDX) is an ETF from Charles Schwab Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FNDX returned +25.84% while VOO returned +15.94%. Year to date, FNDX is up 18.71% versus a gain of 11.48% for VOO.
Over three years, FNDX compounded at +20.76% per year against +21.01% for VOO; over five years the annualized figures are +13.94% and +12.66% respectively. Across the full 13-year window we track, VOO has the edge at +12.98% annualized vs +11.92%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNDX has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.5% 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 -37.7% for FNDX and -34.3% 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNDX charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, FNDX currently yields 1.42% against 1.04% for VOO.
Holdings Overlap
89.9% of FNDX's money is in holdings VOO also owns. 96.4% of VOO's money is in holdings FNDX also owns.
Most of VOO is already inside FNDX. Owning both mostly buys the same companies twice.
447 positions in common, counted across the 732 positions we hold weights for in FNDX and 494 in VOO, against full books of 736 and 509.
What only one of them owns
Our book lists 43 positions for VOO that do not appear in our book for FNDX (2.9% of the fund), and 271 for FNDX that do not appear in VOO (9.4%).
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 FNDX | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.46% | 7.05% | 2.59% |
| NVDANvidia Corp | 0.63% | 7.55% | 6.92% |
| MSFTMicrosoft Corp | 2.82% | 5.36% | 2.54% |
| AMZNAmazon.Com Inc | 1.80% | 4.13% | 2.33% |
| GOOGLAlphabet Inc,class A | 1.78% | 3.24% | 1.46% |
| GOOGAlphabet Inc | 1.41% | 2.62% | 1.21% |
| XOMExxon Mobil Corp. | 2.42% | 1.00% | 1.42% |
| AVGOBroadcom Inc | 0.48% | 2.86% | 2.38% |
| METAMeta Platforms Inc | 1.21% | 1.90% | 0.69% |
| JPMJpmorgan Chase | 1.63% | 1.46% | 0.17% |
96.4% of VOO is already inside FNDX.
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, FNDX or VOO?
FNDX has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, FNDX or VOO?
Over the past year FNDX returned +25.84% vs +15.94% for VOO, so FNDX leads on 1-year performance. Over the longest common window we track (13 years), FNDX annualized +11.92% vs +12.98% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNDX or VOO?
FNDX has been the more volatile fund at 14.8% annualized versus 14.5% for VOO. Worst drawdown: FNDX -37.7% vs VOO -34.3%.
Should I hold both FNDX and VOO?
FNDX and VOO have a monthly-return correlation of 0.94, 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 FNDX and VOO?
96.4% of VOO's money is in holdings FNDX also owns. 96.4% of VOO's is in holdings FNDX also owns. They hold 447 positions in common, counted across the 732 positions we hold weights for in FNDX and 494 in VOO.
Which pays a higher dividend, FNDX or VOO?
FNDX yields 1.42% while VOO yields 1.04%, so FNDX currently pays the higher dividend yield.
Is VOO better than FNDX?
VOO has a lower expense ratio. FNDX led over 1Y and 5Y, VOO over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. FNDX is less concentrated, with 21.0% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.