FEAC vs VOO
Fidelity Enhanced US All-Cap Equity ETF vs Vanguard S&P 500 ETF
Which is better, FEAC or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. FEAC led over 1Y, VOO over the full window. The two have moved almost in lockstep, correlation 0.99. FEAC is less concentrated, with 36.2% of the fund in its ten largest positions against 37.9%.
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 | FEAC | VOO |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $16M | $1.0T |
| Dividend Yield | 0.83% | 1.06% |
| Holdings | 412 | 506 |
| YTD Return | +14.09%Best | +13.57% |
| 1Y Return | +18.49%Best | +17.55% |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 12.5% | 12.4%Best |
| Max Drawdown | -19.0% | -18.7%Best |
| $10,000 over 1.9 years | $13,266 | $13,293Best |
| Top 10 Weight | 36.2%Best | 37.9% |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 19, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 21, 2024 to Oct 14, 2026 (1.9 years).
FEAC vs VOO 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 1.9 years both funds cover.
FEAC vs VOO Performance
Fidelity Enhanced US All-Cap Equity ETF (FEAC) is an ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FEAC returned +18.49% while VOO returned +17.55%. Year to date, FEAC is up 14.09% versus a gain of 13.57% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEAC has been the more volatile fund, with annualized monthly volatility of 12.5% compared with 12.4% 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 -19.0% for FEAC and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FEAC charges 0.18% per year while VOO charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, FEAC currently yields 0.83% against 1.06% for VOO.
Holdings Overlap
81.8% of FEAC's money is in holdings VOO also owns. 65.1% of VOO's money is in holdings FEAC also owns.
Most of FEAC is already inside VOO. Owning both mostly buys the same companies twice.
126 positions in common, counted across the 419 positions we hold weights for in FEAC and 504 in VOO, against full books of 412 and 506.
What only one of them owns
Our book lists 372 positions for VOO that do not appear in our book for FEAC (34.6% of the fund), and 266 for FEAC that do not appear in VOO (15.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FEAC | Weight in VOO | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 8.03% | 8.09% | 0.06% |
| AAPLApple, Inc | 7.12% | 7.04% | 0.08% |
| MSFTMicrosoft Corp | 4.46% | 5.70% | 1.24% |
| GOOGLAlphabet Inc Cl A | 3.81% | 3.01% | 0.80% |
| AMZNAmazon.Com Inc | 2.60% | 3.85% | 1.25% |
| AVGOBroadcom Inc | 2.81% | 2.65% | 0.16% |
| MUMicron Technology Inc . | 2.18% | 1.64% | 0.54% |
| METAMeta Platforms Inc Class A | 1.46% | 1.90% | 0.44% |
| LLYEli Lilly & Co. | 1.89% | 1.38% | 0.51% |
| BRK.BBerkshire Hathaway, Inc. | 1.81% | 1.40% | 0.41% |
81.8% of FEAC is already inside VOO.
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, FEAC or VOO?
FEAC has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FEAC or VOO?
Over the past year FEAC returned +18.49% vs +17.55% for VOO, so FEAC leads on 1-year performance. Over the longest common window we track (2 years), FEAC annualized +16.04% vs +16.16% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEAC or VOO?
FEAC has been the more volatile fund at 12.5% annualized versus 12.4% for VOO. Worst drawdown: FEAC -19.0% vs VOO -18.7%.
Should I hold both FEAC and VOO?
FEAC and VOO have a monthly-return correlation of 0.99, 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 FEAC and VOO?
81.8% of FEAC's money is in holdings VOO also owns. 65.1% of VOO's is in holdings FEAC also owns. They hold 126 positions in common, counted across the 419 positions we hold weights for in FEAC and 504 in VOO.
Which pays a higher dividend, FEAC or VOO?
FEAC yields 0.83% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than FEAC?
VOO has a lower expense ratio. FEAC led over 1Y, VOO over the full window. The two have moved almost in lockstep, correlation 0.99. FEAC is less concentrated, with 36.2% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.