FVAL vs VTI
Fidelity Value Factor ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FVAL or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. FVAL led over 1Y and 5Y, VTI over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 42.1%.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $1.3B | $666.9B |
| Dividend Yield | 1.56% | 1.03% |
| Holdings | 130 | 3,543 |
| YTD Return | +13.88%Best | +13.60% |
| 1Y Return | +21.85%Best | +18.17% |
| 3Y Return (annualized) | +21.61% | +23.04%Best |
| 5Y Return (annualized) | +12.63%Best | +12.14% |
| Volatility (annualized) | 16.3% | 15.8%Best |
| Max Drawdown | -37.7% | -35.0%Best |
| $10,000 over 5 years | $18,125Best | $17,734 |
| Top 10 Weight | 42.1% | 33.3%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 12, 2016 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Sep 15, 2016 to Sep 25, 2026 (10 years).
FVAL vs VTI 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 VTI Performance
Fidelity Value Factor ETF (FVAL) is an ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FVAL returned +21.85% while VTI returned +18.17%. Year to date, FVAL is up 13.88% versus a gain of 13.60% for VTI.
Over three years, FVAL compounded at +21.61% per year against +23.04% for VTI; over five years the annualized figures are +12.63% and +12.14% respectively. Across the full 10-year window we track, VTI has the edge at +14.02% annualized vs +13.51%.
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 15.8% 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 -37.7% for FVAL and -35.0% for VTI. 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 VTI 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 1.03% for VTI.
Holdings Overlap
92.9% of FVAL's money is in holdings VTI also owns. 50.0% of VTI's money is in holdings FVAL also owns.
Most of FVAL is already inside VTI. Owning both mostly buys the same companies twice.
127 positions in common, counted across the 132 positions we hold weights for in FVAL and 3,463 in VTI, against full books of 130 and 3,543.
What only one of them owns
Our book lists 1,024 positions for VTI that do not appear in our book for FVAL (47.6% of the fund), and 2 for FVAL that do not appear in VTI (5.5%).
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 VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.72% | 6.40% | 1.32% |
| AAPLApple, Inc | 6.86% | 6.29% | 0.57% |
| MSFTMicrosoft Corp | 5.63% | 4.79% | 0.84% |
| GOOGLAlphabet Inc,class A | 4.72% | 2.90% | 1.82% |
| AMZNAmazon.Com Inc | 3.45% | 3.65% | 0.20% |
| AVGOBroadcom Inc | 2.98% | 2.56% | 0.42% |
| MUMicron Technology, Inc. | 2.26% | 1.29% | 0.97% |
| METAMeta Platforms Inc | 1.80% | 1.70% | 0.10% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.80% | 1.28% | 0.52% |
| LLYEli Lilly & Co. | 1.59% | 1.35% | 0.24% |
92.9% of FVAL is already inside VTI.
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 VTI?
FVAL has an expense ratio of 0.15% while VTI charges 0.03%. VTI is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, FVAL or VTI?
Over the past year FVAL returned +21.85% vs +18.17% for VTI, so FVAL leads on 1-year performance. Over the longest common window we track (10 years), FVAL annualized +13.51% vs +14.02% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FVAL or VTI?
FVAL has been the more volatile fund at 16.3% annualized versus 15.8% for VTI. Worst drawdown: FVAL -37.7% vs VTI -35.0%.
Should I hold both FVAL and VTI?
FVAL and VTI 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 VTI?
92.9% of FVAL's money is in holdings VTI also owns. 50.0% of VTI's is in holdings FVAL also owns. They hold 127 positions in common, counted across the 132 positions we hold weights for in FVAL and 3,463 in VTI.
Which pays a higher dividend, FVAL or VTI?
FVAL yields 1.56% while VTI yields 1.03%, so FVAL currently pays the higher dividend yield.
Is VTI better than FVAL?
VTI has a lower expense ratio. FVAL led over 1Y and 5Y, VTI over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 42.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.