FXAIX vs SWPPX
Fidelity 500 Index Fund vs Schwab S&P 500 Index Fund
Which is better, FXAIX or SWPPX?
Each has led over a different period.
FXAIX led over 3Y, 5Y and the full window, SWPPX over 1Y. FXAIX is less concentrated, with 36.4% of the fund in its ten largest positions against 37.4%.
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 | FXAIX | SWPPX |
|---|---|---|
| Expense Ratio | 0.02%Tie | 0.02%Tie |
| AUM | $594.0B | $147.7B |
| Dividend Yield | 1.06% | 0.98% |
| Holdings | 507 | 503 |
| YTD Price Return | +11.65% | +12.29%Best |
| 1Y Price Return | +15.73% | +15.79%Best |
| 3Y Price Return (annualized) | +19.72%Best | -34.11% |
| 5Y Price Return (annualized) | +11.92%Best | -21.80% |
| Volatility (annualized) | 15.4%Best | 40.5% |
| Max Drawdown | -25.4%Best | -83.7% |
| $10,000 over 5 years | $17,561Best | $2,924 |
| Top 10 Weight | 36.4%Best | 37.4% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 4, 2011 | May 19, 1997 |
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for FXAIX or SWPPX. Both funds are measured the same way, so the comparison holds. FXAIX yields 1.06% and SWPPX 0.98% on top.
Volatility and max drawdown are measured over the window both funds cover: Sep 20, 2021 to Sep 17, 2026 (5 years).
FXAIX vs SWPPX 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 5 years both funds cover. Prices exclude distributions, on both funds alike.
FXAIX vs SWPPX Performance
Fidelity 500 Index Fund (FXAIX) is a mutual fund from Fidelity Investments (US) and Schwab S&P 500 Index Fund (SWPPX) is a mutual fund from Charles Schwab Asset Management. Over the past year FXAIX returned +15.73% while SWPPX returned +15.79%. Year to date, FXAIX is up 11.65% versus a gain of 12.29% for SWPPX.
Over three years, FXAIX compounded at +19.72% per year against -34.11% for SWPPX; over five years the annualized figures are +11.92% and -21.80% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SWPPX has been the more volatile fund, with annualized monthly volatility of 40.5% compared with 15.4% for FXAIX. 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 -25.4% for FXAIX and -83.7% for SWPPX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FXAIX charges 0.02% per year while SWPPX charges 0.02%. On a $10,000 position that is $2 vs $2 annually. On income, FXAIX currently yields 1.06% against 0.98% for SWPPX.
Holdings Overlap
99.0% of FXAIX's money is in holdings SWPPX also owns. 98.3% of SWPPX's money is in holdings FXAIX also owns.
Most of FXAIX is already inside SWPPX. Owning both mostly buys the same companies twice.
497 positions in common, counted across the 508 positions we hold weights for in FXAIX and 501 in SWPPX, against full books of 507 and 503.
What only one of them owns
Our book lists 2 positions for SWPPX that do not appear in our book for FXAIX (0.4% of the fund), and 4 for FXAIX that do not appear in SWPPX (0.4%).
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 FXAIX | Weight in SWPPX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.51% | 7.49% | 0.02% |
| AAPLApple, Inc | 6.59% | 6.99% | 0.40% |
| MSFTMicrosoft Corp | 4.30% | 5.32% | 1.02% |
| AMZNAmazon.Com Inc | 3.62% | 4.10% | 0.48% |
| GOOGLAlphabet Inc,class A | 3.25% | 3.22% | 0.03% |
| AVGOBroadcom Inc | 2.77% | 2.84% | 0.07% |
| GOOGAlphabet Inc | 2.59% | 2.60% | 0.01% |
| METAMeta Platforms Inc | 1.92% | 1.89% | 0.03% |
| MUMicron Technology, Inc. | 2.02% | 1.43% | 0.59% |
| TSLATesla Inc | 1.84% | 1.35% | 0.49% |
99.0% of FXAIX is already inside SWPPX.
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, FXAIX or SWPPX?
FXAIX has an expense ratio of 0.02% while SWPPX charges 0.02%. At the precision these are quoted to, they cost the same.
Which performed better, FXAIX or SWPPX?
Over the past year FXAIX returned +15.73% vs +15.79% for SWPPX, so SWPPX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FXAIX or SWPPX?
SWPPX has been the more volatile fund at 40.5% annualized versus 15.4% for FXAIX. Worst drawdown: FXAIX -25.4% vs SWPPX -83.7%.
Should I hold both FXAIX and SWPPX?
FXAIX and SWPPX have a monthly-return correlation of 0.34, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FXAIX and SWPPX?
99.0% of FXAIX's money is in holdings SWPPX also owns. 98.3% of SWPPX's is in holdings FXAIX also owns. They hold 497 positions in common, counted across the 508 positions we hold weights for in FXAIX and 501 in SWPPX.
Which pays a higher dividend, FXAIX or SWPPX?
FXAIX yields 1.06% while SWPPX yields 0.98%, so FXAIX currently pays the higher dividend yield.
Is SWPPX better than FXAIX?
FXAIX led over 3Y, 5Y and the full window, SWPPX over 1Y. FXAIX is less concentrated, with 36.4% of the fund in its ten largest positions against 37.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.