FXED vs VOO
Sound Enhanced Fixed Income 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 505 holdings.
Side-by-Side Comparison
| Metric | FXED | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.89% | 0.03% | |
| AUM | $40M | $979.0B | |
| Dividend Yield | 4.31% | 1.09% | |
| Holdings | 60 | 509 | |
| YTD Return | +0.13% | +13.44% | |
| 1Y Return | +1.67% | +22.62% | |
| 3Y Return (annualized) | +6.16% | +21.47% | |
| 5Y Return (annualized) | +2.30% | +13.27% | |
| Volatility (annualized) | 9.7% | 14.1% | |
| Max Drawdown | -19.7% | -34.3% | |
| Fund Family | Sound Income Strategies | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 30, 2020 | Sep 7, 2010 |
FXED vs VOO Performance
Sound Enhanced Fixed Income ETF (FXED) is a ETF from Sound Income Strategies and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FXED returned +1.67% while VOO returned +22.62%. Year to date, FXED is up 0.13% versus a gain of 13.44% for VOO.
Over three years, FXED compounded at +6.16% per year against +21.47% for VOO; over five years the annualized figures are +2.30% and +13.27% respectively. Across the full 6-year window we track, VOO has the edge at +13.55% annualized vs +3.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 9.7% for FXED. 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 -19.7% for FXED 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FXED charges 1.89% per year while VOO charges 0.03%. On a $10,000 position that is $189 vs $3 annually, a gap of $186 per year that compounds over a long holding period. On income, FXED currently yields 4.31% against 1.09% for VOO.
Holdings Overlap
FXED and VOO share 4 holdings out of 558 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FXED or VOO?
FXED has an expense ratio of 1.89% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $186 per year of difference.
Which performed better, FXED or VOO?
Over the past year FXED returned +1.67% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), FXED annualized +3.32% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, FXED or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.7% for FXED. Worst drawdown: FXED -19.7% vs VOO -34.3%.
Should I hold both FXED and VOO?
FXED and VOO have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FXED and VOO?
FXED and VOO share 4 common holdings with a 0.3% weight overlap. Combined, they hold 558 unique securities.
Which pays a higher dividend, FXED or VOO?
FXED yields 4.31% while VOO yields 1.09%, so FXED currently pays the higher dividend yield.
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