FZROX vs VTSAX
Fidelity ZERO Total Market Index Fund vs Vanguard Morningstar Total Stock Market Index Fund Admiral Class
Which is better, FZROX or VTSAX?
Nearly the same fund. FZROX costs less.
FZROX has a lower expense ratio. FZROX led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96.
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 | FZROX | VTSAX |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.04% |
| AUM | $3.1B | $480.8B |
| Dividend Yield | 0.90% | 1.02% |
| Holdings | 2,689 | 3,543 |
| YTD Price Return | +12.15%Best | +11.37% |
| 1Y Price Return | +15.26%Best | +14.98% |
| 3Y Price Return (annualized) | +19.65%Best | +19.25% |
| 5Y Price Return (annualized) | +10.57%Best | +10.18% |
| Volatility (annualized) | 15.4%Best | 16.2% |
| Max Drawdown | -26.9% | -26.3%Best |
| $10,000 over 5 years | $16,527Best | $16,237 |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 2, 2018 | Nov 13, 2000 |
Not shown on this pair: Top 10 Weight.
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for FZROX or VTSAX. Both funds are measured the same way, so the comparison holds. FZROX yields 0.90% and VTSAX 1.02% on top.
Volatility and max drawdown are measured over the window both funds cover: Sep 16, 2021 to Sep 14, 2026 (5 years).
FZROX vs VTSAX 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.
FZROX vs VTSAX Performance
Fidelity ZERO Total Market Index Fund (FZROX) is a mutual fund from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market Index Fund Admiral Class (VTSAX) is a mutual fund from Vanguard (US). Over the past year FZROX returned +15.26% while VTSAX returned +14.98%. Year to date, FZROX is up 12.15% versus a gain of 11.37% for VTSAX.
Over three years, FZROX compounded at +19.65% per year against +19.25% for VTSAX; over five years the annualized figures are +10.57% and +10.18% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTSAX has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 15.4% for FZROX. 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 -26.9% for FZROX and -26.3% for VTSAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FZROX charges 0.00% per year while VTSAX charges 0.04%. On a $10,000 position that is $0 vs $4 annually, a gap of $4 per year that compounds over a long holding period. On income, FZROX currently yields 0.90% against 1.02% for VTSAX.
Holdings Overlap
At least 94.5% of FZROX's money is in holdings VTSAX also owns.
Stated as a floor: for VTSAX, our book for it covers 92.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of FZROX is already inside VTSAX. Owning both mostly buys the same companies twice.
1,990 positions in common, counted across the 2,651 positions we hold weights for in FZROX and 2,727 in VTSAX, against full books of 2,689 and 3,543.
Top Shared Holdings
| Stock | Weight in FZROX | Weight in VTSAX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.67% | 6.32% | 0.35% |
| AAPLApple, Inc | 5.82% | 5.84% | 0.02% |
| MSFTMicrosoft Corp | 3.80% | 3.81% | 0.01% |
| AMZNAmazon.Com Inc | 3.19% | 3.17% | 0.02% |
| GOOGLAlphabet Inc,class A | 2.85% | 2.88% | 0.03% |
| AVGOBroadcom Inc | 2.46% | 2.46% | 0.00% |
| GOOGAlphabet Inc | 2.27% | 2.27% | 0.00% |
| MUMicron Technology, Inc. | 1.78% | 1.79% | 0.01% |
| METAMeta Platforms Inc | 1.69% | 1.70% | 0.01% |
| TSLATesla Inc | 1.62% | 1.63% | 0.01% |
94.5% of FZROX is already inside VTSAX.
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, FZROX or VTSAX?
FZROX has an expense ratio of 0.00% while VTSAX charges 0.04%. FZROX is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, FZROX or VTSAX?
Over the past year FZROX returned +15.26% vs +14.98% for VTSAX, so FZROX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FZROX or VTSAX?
VTSAX has been the more volatile fund at 16.2% annualized versus 15.4% for FZROX. Worst drawdown: FZROX -26.9% vs VTSAX -26.3%.
Should I hold both FZROX and VTSAX?
FZROX and VTSAX have a monthly-return correlation of 0.96, 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 FZROX and VTSAX?
At least 94.5% of FZROX's money is in holdings VTSAX also owns. Our book for VTSAX is partial, so the real figure is this or higher. They hold 1,990 positions in common, counted across the 2,651 positions we hold weights for in FZROX and 2,727 in VTSAX.
Which pays a higher dividend, FZROX or VTSAX?
FZROX yields 0.90% while VTSAX yields 1.02%, so VTSAX currently pays the higher dividend yield.
Is VTSAX better than FZROX?
FZROX has a lower expense ratio. FZROX led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.