FXNAX vs VOO
Fidelity US Bond Index Fund vs Vanguard S&P 500 ETF
Quick Verdict
FXNAX has a lower expense ratio. VOO delivered stronger 1-year returns. FXNAX offers more diversification with 10,443 holdings.
Side-by-Side Comparison
| Metric | FXNAX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $39.5B | $997.4B | |
| Dividend Yield | 3.45% | 1.08% | |
| Holdings | 10,443 | 509 | |
| YTD Return | -2.56% | +12.68% | |
| 1Y Return | -1.34% | +21.87% | |
| 3Y Return (annualized) | +0.99% | +22.06% | |
| 5Y Return (annualized) | -3.40% | +12.95% | |
| Volatility (annualized) | 6.2% | 14.1% | |
| Max Drawdown | -21.5% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 4, 2011 | Sep 7, 2010 |
FXNAX vs VOO Performance
Fidelity US Bond Index Fund (FXNAX) is a mutual fund from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FXNAX returned -1.34% while VOO returned +21.87%. Year to date, FXNAX is down 2.56% versus a gain of 12.68% for VOO.
Over three years, FXNAX compounded at +0.99% per year against +22.06% for VOO; over five years the annualized figures are -3.40% and +12.95% respectively. Across the full 5-year window we track, VOO has the edge at +13.47% annualized vs -3.40%. 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 6.2% for FXNAX. 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 -21.5% for FXNAX 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FXNAX charges 0.03% per year while VOO charges 0.03%. On a $10,000 position that is $3 vs $3 annually, a gap of $0 per year that compounds over a long holding period. On income, FXNAX currently yields 3.45% against 1.08% for VOO.
Holdings Overlap
FXNAX and VOO share 1 holdings out of 5811 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FXNAX | Weight in VOO | Difference |
|---|---|---|---|
| TMUS | 0.02% | 0.12% | 0.10% |
Frequently Asked Questions
Which is cheaper, FXNAX or VOO?
FXNAX has an expense ratio of 0.03% while VOO charges 0.03%. FXNAX is the cheaper option. On a $10,000 investment, that is $0 per year of difference.
Which performed better, FXNAX or VOO?
Over the past year FXNAX returned -1.34% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), FXNAX annualized -3.40% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, FXNAX or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 6.2% for FXNAX. Worst drawdown: FXNAX -21.5% vs VOO -34.3%.
Should I hold both FXNAX and VOO?
FXNAX and VOO have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FXNAX and VOO?
FXNAX and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 5811 unique securities.
Which pays a higher dividend, FXNAX or VOO?
FXNAX yields 3.45% while VOO yields 1.08%, so FXNAX currently pays the higher dividend yield.
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