FSBD vs VOO
Fidelity Sustainable Core Plus Bond ETF vs Vanguard S&P 500 ETF
Which is better, FSBD or VOO?
Long Term High Quality against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. FSBD is less concentrated, with 32.8% of the fund in its ten largest positions against 36.4%.
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 | FSBD | VOO |
|---|---|---|
| Expense Ratio | 0.36% | 0.03%Best |
| AUM | $13M | $997.4B |
| Dividend Yield | 4.25% | 1.04% |
| Holdings | 526 | 509 |
| Volatility (annualized) | 7.0%Best | 15.5% |
| Max Drawdown | -9.6%Best | -18.7% |
| $10,000 over 3.6 years | $10,953 | $16,241Best |
| Top 10 Weight | 32.8%Best | 36.4% |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Long Term High Quality | Large Cap Blend |
| Inception | Apr 19, 2022 | Sep 7, 2010 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 302 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FSBD has data through Nov 13, 2025 and VOO through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Apr 21, 2022 to Nov 13, 2025 (3.6 years).
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 7.0% for FSBD. 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 -9.6% for FSBD 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FSBD charges 0.36% per year while VOO charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, FSBD currently yields 4.25% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 500 holdings in FSBD and 505 in VOO, totalling 104.6% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 303 days apart, FSBD as of Aug 31, 2025 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 500 positions we hold weights for in FSBD and 505 in VOO, against full books of 526 and 509.
What only one of them owns
Our book lists 496 positions for VOO that do not appear in our book for FSBD (99.4% of the fund), and 497 for FSBD that do not appear in VOO (104.6%).
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.
You are not choosing between two funds in isolation.
Whichever of FSBD and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FSBD or VOO?
FSBD has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option, by $33 a year on a $10,000 investment.
Which is riskier, FSBD or VOO?
VOO has been the more volatile fund at 15.5% annualized versus 7.0% for FSBD. Worst drawdown: FSBD -9.6% vs VOO -18.7%.
Should I hold both FSBD and VOO?
FSBD and VOO have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FSBD or VOO?
FSBD yields 4.25% while VOO yields 1.04%, so FSBD currently pays the higher dividend yield.
Is VOO better than FSBD?
VOO has a lower expense ratio. VOO led over 1Y and the full window. FSBD is less concentrated, with 32.8% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.