FVAL vs VOO
Fidelity Value Factor ETF vs Vanguard S&P 500 ETF
Which is better, FVAL or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. FVAL led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 43.4%.
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 | FVAL | VOO |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $1.3B | $997.4B |
| Dividend Yield | 1.56% | 1.08% |
| Holdings | 130 | 509 |
| YTD Return | +16.02%Best | +13.81% |
| 1Y Return | +26.49%Best | +21.53% |
| 3Y Return (annualized) | +20.86% | +21.46%Best |
| 5Y Return (annualized) | +12.58% | +12.87%Best |
| Volatility (annualized) | 16.3% | 15.4%Best |
| Max Drawdown | -37.7% | -34.3%Best |
| $10,000 over 5 years | $18,084 | $18,319Best |
| Top 10 Weight | 43.4% | 36.4%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 12, 2016 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 15, 2016 to Sep 3, 2026 (10 years).
FVAL vs VOO 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 10 years both funds cover.
FVAL vs VOO Performance
Fidelity Value Factor ETF (FVAL) is an ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FVAL returned +26.49% while VOO returned +21.53%. Year to date, FVAL is up 16.02% versus a gain of 13.81% for VOO.
Over three years, FVAL compounded at +20.86% per year against +21.46% for VOO; over five years the annualized figures are +12.58% and +12.87% respectively. Across the full 10-year window we track, VOO has the edge at +14.65% annualized vs +13.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FVAL has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 15.4% 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 what each fund did in the worst stretch of the window measured above.
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 1.56% against 1.08% for VOO.
Holdings Overlap
87.7% of FVAL's money is in holdings VOO also owns. 51.9% of VOO's money is in holdings FVAL also owns.
Most of FVAL is already inside VOO. Owning both mostly buys the same companies twice.
101 positions in common, counted across the 126 positions we hold weights for in FVAL and 505 in VOO, against full books of 130 and 509.
What only one of them owns
Our book lists 397 positions for VOO that do not appear in our book for FVAL (47.7% of the fund), and 19 for FVAL that do not appear in VOO (10.5%).
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.
Top Shared Holdings
| Stock | Weight in FVAL | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.70% | 7.51% | 0.19% |
| AAPLApple, Inc | 6.72% | 6.59% | 0.13% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.47% | 4.30% | 1.17% |
| GOOGLAlphabet Inc.Class A | 5.05% | 3.25% | 1.80% |
| AMZNAmazon.Com Inc | 4.10% | 3.62% | 0.48% |
| AVGOBroadcom Inc | 3.43% | 2.77% | 0.66% |
| MUMicron Technology, Inc. | 2.68% | 2.02% | 0.66% |
| METAMeta Platform Inc | 1.95% | 1.92% | 0.03% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.83% | 1.42% | 0.41% |
| LLYEli Lilly & Co. | 1.69% | 1.47% | 0.22% |
87.7% of FVAL is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $12 a year on a $10,000 investment.
Which performed better, FVAL or VOO?
Over the past year FVAL returned +26.49% vs +21.53% for VOO, so FVAL leads on 1-year performance. Over the longest common window we track (10 years), FVAL annualized +13.81% vs +14.65% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FVAL or VOO?
FVAL has been the more volatile fund at 16.3% annualized versus 15.4% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FVAL and VOO?
87.7% of FVAL's money is in holdings VOO also owns. 51.9% of VOO's is in holdings FVAL also owns. They hold 101 positions in common, counted across the 126 positions we hold weights for in FVAL and 505 in VOO.
Which pays a higher dividend, FVAL or VOO?
FVAL yields 1.56% while VOO yields 1.08%, so FVAL currently pays the higher dividend yield.
Is VOO better than FVAL?
VOO has a lower expense ratio. FVAL led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 43.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.