FVAL vs VOO
Fidelity Value Factor ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FVAL delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FVAL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $1.3B | $979.0B | |
| Dividend Yield | 1.61% | 1.09% | |
| Holdings | 129 | 509 | |
| YTD Return | +15.59% | +13.79% | |
| 1Y Return | +29.48% | +23.01% | |
| 3Y Return (annualized) | +20.66% | +21.78% | |
| 5Y Return (annualized) | +12.87% | +13.39% | |
| Volatility (annualized) | 16.4% | 14.1% | |
| Max Drawdown | -37.7% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | Sep 7, 2010 |
FVAL vs VOO Performance
Fidelity Value Factor ETF (FVAL) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FVAL returned +29.48% while VOO returned +23.01%. Year to date, FVAL is up 15.59% versus a gain of 13.79% for VOO.
Over three years, FVAL compounded at +20.66% per year against +21.78% for VOO; over five years the annualized figures are +12.87% and +13.39% respectively. Across the full 10-year window we track, FVAL has the edge at +13.87% annualized vs +13.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FVAL has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -37.7% for FVAL 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FVAL charges 0.15% per year while VOO charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FVAL currently yields 1.61% against 1.09% for VOO.
Holdings Overlap
FVAL and VOO share 97 holdings out of 534 unique holdings combined, representing a 50.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FVAL or VOO?
FVAL has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FVAL or VOO?
Over the past year FVAL returned +29.48% vs +23.01% for VOO, so FVAL leads on 1-year performance. Over the longest common window we track (10 years), FVAL annualized +13.87% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, FVAL or VOO?
FVAL has been the more volatile fund at 16.4% annualized versus 14.1% for VOO. Worst drawdown: FVAL -37.7% vs VOO -34.3%.
Should I hold both FVAL and VOO?
FVAL and VOO have a monthly-return correlation of 0.97, 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 FVAL and VOO?
FVAL and VOO share 97 common holdings with a 50.2% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, FVAL or VOO?
FVAL yields 1.61% while VOO yields 1.09%, so FVAL currently pays the higher dividend yield.
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