FSST vs VOO
Fidelity Sustainable US Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FSST | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | |
| AUM | $13M | $997.4B | |
| Dividend Yield | 1.55% | 1.08% | |
| Holdings | 90 | 509 | |
| YTD Return | +15.66% | +13.20% | |
| 1Y Return | +12.71% | +21.62% | |
| 3Y Return (annualized) | +19.45% | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 17.4% | 14.1% | |
| Max Drawdown | -26.3% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 15, 2021 | Sep 7, 2010 |
FSST vs VOO Performance
Fidelity Sustainable US Equity ETF (FSST) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FSST returned +12.71% while VOO returned +21.62%. Year to date, FSST is up 15.66% versus a gain of 13.20% for VOO.
Over three years, FSST compounded at +19.45% per year against +22.16% for VOO. Across the full 4-year window we track, VOO has the edge at +13.51% annualized vs +11.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSST has been the more volatile fund, with annualized monthly volatility of 17.4% 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 -26.3% for FSST 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FSST charges 0.59% per year while VOO charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, FSST currently yields 1.55% against 1.08% for VOO.
Holdings Overlap
FSST and VOO share 65 holdings out of 534 unique holdings combined, representing a 40.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FSST or VOO?
FSST has an expense ratio of 0.59% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, FSST or VOO?
Over the past year FSST returned +12.71% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), FSST annualized +11.54% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, FSST or VOO?
FSST has been the more volatile fund at 17.4% annualized versus 14.1% for VOO. Worst drawdown: FSST -26.3% vs VOO -34.3%.
Should I hold both FSST and VOO?
FSST and VOO have a monthly-return correlation of 0.98, 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 FSST and VOO?
FSST and VOO share 65 common holdings with a 40.7% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, FSST or VOO?
FSST yields 1.55% while VOO yields 1.08%, so FSST currently pays the higher dividend yield.
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