FZILX vs VOO
Fidelity ZERO International Index Fund vs Vanguard S&P 500 ETF
Quick Verdict
FZILX has a lower expense ratio. FZILX delivered stronger 1-year returns. FZILX offers more diversification with 2,172 holdings.
Side-by-Side Comparison
| Metric | FZILX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.03% | |
| AUM | $12.3B | $997.4B | |
| Dividend Yield | 2.35% | 1.08% | |
| Holdings | 2,172 | 509 | |
| YTD Return | +16.76% | +12.38% | |
| 1Y Return | +25.32% | +20.22% | |
| 3Y Return (annualized) | +18.43% | +21.79% | |
| 5Y Return (annualized) | +7.07% | +12.84% | |
| Volatility (annualized) | 15.4% | 14.1% | |
| Max Drawdown | -32.8% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 2, 2018 | Sep 7, 2010 |
FZILX vs VOO Performance
Fidelity ZERO International Index Fund (FZILX) 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 FZILX returned +25.32% while VOO returned +20.22%. Year to date, FZILX is up 16.76% versus a gain of 12.38% for VOO.
Over three years, FZILX compounded at +18.43% per year against +21.79% for VOO; over five years the annualized figures are +7.07% and +12.84% respectively. Across the full 5-year window we track, VOO has the edge at +13.45% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FZILX has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.1% 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 -32.8% for FZILX 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FZILX charges 0.00% per year while VOO charges 0.03%. On a $10,000 position that is $0 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, FZILX currently yields 2.35% against 1.08% for VOO.
Holdings Overlap
FZILX and VOO share 4 holdings out of 2642 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FZILX or VOO?
FZILX has an expense ratio of 0.00% while VOO charges 0.03%. FZILX is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, FZILX or VOO?
Over the past year FZILX returned +25.32% vs +20.22% for VOO, so FZILX leads on 1-year performance. Over the longest common window we track (5 years), FZILX annualized +7.07% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, FZILX or VOO?
FZILX has been the more volatile fund at 15.4% annualized versus 14.1% for VOO. Worst drawdown: FZILX -32.8% vs VOO -34.3%.
Should I hold both FZILX and VOO?
FZILX and VOO have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FZILX and VOO?
FZILX and VOO share 4 common holdings with a 0.1% weight overlap. Combined, they hold 2642 unique securities.
Which pays a higher dividend, FZILX or VOO?
FZILX yields 2.35% while VOO yields 1.08%, so FZILX currently pays the higher dividend yield.
Popular Fund Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.