FSKAX vs VTI
Fidelity Total Market Index Fund vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
FSKAX has a lower expense ratio. VTI delivered stronger 1-year returns. FSKAX offers more diversification with 3,773 holdings.
Side-by-Side Comparison
| Metric | FSKAX | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.02% | 0.03% | |
| AUM | $99.4B | $666.9B | |
| Dividend Yield | 0.95% | 1.07% | |
| Holdings | 3,773 | 3,543 | |
| YTD Return | +13.04% | +13.14% | |
| 1Y Return | +20.95% | +22.35% | |
| 3Y Return (annualized) | +20.42% | +21.83% | |
| 5Y Return (annualized) | +10.60% | +12.01% | |
| Volatility (annualized) | 16.1% | 15.3% | |
| Max Drawdown | -26.0% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 8, 2011 | May 24, 2001 |
FSKAX vs VTI Performance
Fidelity Total Market Index Fund (FSKAX) is a mutual fund from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FSKAX returned +20.95% while VTI returned +22.35%. Year to date, FSKAX is up 13.04% versus a gain of 13.14% for VTI.
Over three years, FSKAX compounded at +20.42% per year against +21.83% for VTI; over five years the annualized figures are +10.60% and +12.01% respectively. Across the full 5-year window we track, FSKAX has the edge at +10.60% annualized vs +8.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSKAX has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.3% for VTI. 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 -56.6% for VTI. 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 0.99. 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 VTI charges 0.03%. On a $10,000 position that is $2 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, FSKAX currently yields 0.95% against 1.07% for VTI.
Holdings Overlap
FSKAX and VTI share 2645 holdings out of 3831 unique holdings combined, representing a 81.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FSKAX or VTI?
FSKAX has an expense ratio of 0.02% while VTI charges 0.03%. FSKAX is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FSKAX or VTI?
Over the past year FSKAX returned +20.95% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (5 years), FSKAX annualized +10.60% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, FSKAX or VTI?
FSKAX has been the more volatile fund at 16.1% annualized versus 15.3% for VTI. Worst drawdown: FSKAX -26.0% vs VTI -56.6%.
Should I hold both FSKAX and VTI?
FSKAX and VTI have a monthly-return correlation of 0.99, 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 FSKAX and VTI?
FSKAX and VTI share 2645 common holdings with a 81.4% weight overlap. Combined, they hold 3831 unique securities.
Which pays a higher dividend, FSKAX or VTI?
FSKAX yields 0.95% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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