FSKAX vs FXAIX
Fidelity Total Market Index Fund vs Fidelity 500 Index Fund
Which is better, FSKAX or FXAIX?
Each has led over a different period.
FSKAX led over 1Y, FXAIX over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | FSKAX | FXAIX |
|---|---|---|
| Expense Ratio | 0.02%Tie | 0.02%Tie |
| AUM | $141.6B | $857.6B |
| Dividend Yield | 0.94% | 1.06% |
| Holdings | 3,753 | 508 |
| YTD Price Return | +8.31%Best | +7.66% |
| 1Y Price Return | +9.85%Best | +9.80% |
| 3Y Price Return (annualized) | +18.87% | +19.04%Best |
| 5Y Price Return (annualized) | +8.45% | +9.46%Best |
| Volatility (annualized) | 15.9% | 15.3%Best |
| Max Drawdown | -26.0% | -25.4%Best |
| $10,000 over 5 years | $15,002 | $15,714Best |
| Fund Family | Fidelity Investments (US) | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 8, 2011 | May 4, 2011 |
Not shown on this pair: Top 10 Weight.
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for FSKAX or FXAIX. Both funds are measured the same way, so the comparison holds. FSKAX yields 0.94% and FXAIX 1.06% on top.
Volatility and max drawdown are measured over the window both funds cover: Nov 8, 2021 to Nov 6, 2026 (5 years).
FSKAX vs FXAIX 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 5 years both funds cover. Prices exclude distributions, on both funds alike.
FSKAX vs FXAIX Performance
Fidelity Total Market Index Fund (FSKAX) is a mutual fund from Fidelity Investments (US) and Fidelity 500 Index Fund (FXAIX) is a mutual fund from Fidelity Investments (US). Over the past year FSKAX returned +9.85% while FXAIX returned +9.80%. Year to date, FSKAX is up 8.31% versus a gain of 7.66% for FXAIX.
Over three years, FSKAX compounded at +18.87% per year against +19.04% for FXAIX; over five years the annualized figures are +8.45% and +9.46% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSKAX has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 15.3% for FXAIX. 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 -26.0% for FSKAX and -25.4% for FXAIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FSKAX charges 0.02% per year while FXAIX charges 0.02%. On a $10,000 position that is $2 vs $2 annually. On income, FSKAX currently yields 0.94% against 1.06% for FXAIX.
Holdings Overlap
We hold position weights for 1 holding in FSKAX and 504 in FXAIX, totalling 0.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in FSKAX and 504 in FXAIX, against full books of 3,753 and 508.
You are not choosing between two funds in isolation.
Whichever of FSKAX and FXAIX 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, FSKAX or FXAIX?
FSKAX has an expense ratio of 0.02% while FXAIX charges 0.02%. At the precision these are quoted to, they cost the same.
Which performed better, FSKAX or FXAIX?
Over the past year FSKAX returned +9.85% vs +9.80% for FXAIX, so FSKAX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FSKAX or FXAIX?
FSKAX has been the more volatile fund at 15.9% annualized versus 15.3% for FXAIX. Worst drawdown: FSKAX -26.0% vs FXAIX -25.4%.
Should I hold both FSKAX and FXAIX?
FSKAX and FXAIX have a monthly-return correlation of 0.99, 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.
Which pays a higher dividend, FSKAX or FXAIX?
FSKAX yields 0.94% while FXAIX yields 1.06%, so FXAIX currently pays the higher dividend yield.
Is FXAIX better than FSKAX?
FSKAX led over 1Y, FXAIX over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.