FNILX vs. FXAIX — ETF comparison tool (2024)

FAQs

FNILX vs. FXAIX — ETF comparison tool? ›

FXAIX - Performance Comparison. The year-to-date returns for both investments are quite close, with FNILX having a 11.16% return and FXAIX slightly higher at 11.29%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.

FNILX - Expense Ratio Comparison. FXAIX has a 0.02% expense ratio, which is higher than FNILX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

What is the SPDR equivalent of FNILX? We track 4 SPDR ETFs which are extremely similar to Fidelity's FNILX: SPLG (Portfolio S&P 500 ETF), SPY (S&P 500 ETF Trust), SPTM (Portfolio S&P 1500 Composite Stock Market ETF), and SPYX (S&P 500 Fossil Fuel Reserves Free ETF).

Fidelity ZERO Large Cap Index Fund (FNILX) and SPDR S&P 500 ETF (SPY) have volatilities of 2.74% and 2.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same.

FXAIX is a mutual fund. VOO is an ETF. That is the main significant difference between the funds. Aside from equity security type, FXAIX and VOO are virtually identical.

FNILX is a mutual fund ticker symbol for the Fidelity ZERO Large Cap Index Fund. It's one of a very small list of mutual funds, all from Fidelity, that doesn't charge an expense ratio. Most mutual funds charge a percentage of your holdings annually as a fee, but the ZERO family of funds has an expense ratio of 0.00%.

Investors looking for a large-cap fund option for their portfolios would have a difficult time finding a more affordable option. FNILX's average annual returns has topped the average of its large-cap blend Morningstar category over the past one, three and five years.

Look at the ETF's underlying index (benchmark) to determine the exposure you're getting. Evaluate tracking differences to see how well the ETF delivers its intended exposure. And look for higher volumes and tighter spreads as an indication of liquidity and ease of access.

ETFs can offer lower operating costs than traditional open-end funds, flexible trading, greater transparency, and better tax efficiency in taxable accounts. As with all investment choices there are elements to review when making an investment decision.

Typically, it comes down to preferences related to management fees, shareholder transaction costs, taxation, and other qualitative differences. Despite the lower expense ratios and tax advantages of ETFs, many retail investors (non-professional, individual investors) prefer index mutual funds.

Which Fidelity funds outperform the S&P 500? ›

On average, the Fidelity Contrafund has beaten the S&P 500 Index by 2.57% per year. Growth of $10,000 invested in Contrafund versus S&P 500 Index, September 17, 1990 to December 31, 2023. Total value December 31, 2023 for Contrafund was $637,227, compared to $296,182 for the S&P 500 Index.

FNILX pays a dividend of <$0.01 per share. FNILX's annual dividend yield is 1.17%. When is Fidelity ZERO Large Cap Index Fund ex-dividend date? Fidelity ZERO Large Cap Index Fund's previous ex-dividend date was on Dec 27, 2023.

If you want to actively trade within your accounts, Fidelity might be the better option. However, if you want to focus more on index investing, or you want to use a robo-advisor, Vanguard has a slight edge.

FXAIX - Performance Comparison. The year-to-date returns for both investments are quite close, with FNILX having a 10.39% return and FXAIX slightly higher at 10.40%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.

Overall Rating. Morningstar has awarded this fund 5 stars based on its risk-adjusted performance compared to the 1294 funds within its Morningstar Category.

FXAIX - Performance Comparison. The year-to-date returns for both stocks are quite close, with VOO having a 11.30% return and FXAIX slightly lower at 11.29%. Both investments have delivered pretty close results over the past 10 years, with VOO having a 12.68% annualized return and FXAIX not far ahead at 12.76%.

On average, the Fidelity Contrafund has beaten the S&P 500 Index by 2.57% per year. Growth of $10,000 invested in Contrafund versus S&P 500 Index, September 17, 1990 to December 31, 2023. Total value December 31, 2023 for Contrafund was $637,227, compared to $296,182 for the S&P 500 Index.