FSKAX vs SWTSX
Fidelity Total Market Index Fund vs Schwab Total Stock Market Index Fund
Which is better, FSKAX or SWTSX?
FSKAX has been ahead.
FSKAX has a lower expense ratio. FSKAX led over 1Y, 3Y, 5Y and the full window. FSKAX is less concentrated, with 33.4% of the fund in its ten largest positions against 33.5%.
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 | FSKAX | SWTSX |
|---|---|---|
| Expense Ratio | 0.02%Best | 0.03% |
| AUM | $99.4B | $45.9B |
| Dividend Yield | 0.93% | 0.98% |
| Holdings | 3,773 | 2,987 |
| YTD Price Return | +14.26% | +14.36%Best |
| 1Y Price Return | +16.68%Best | +16.63% |
| 3Y Price Return (annualized) | +21.06%Best | -36.85% |
| 5Y Price Return (annualized) | +10.74%Best | -25.07% |
| Volatility (annualized) | 15.8%Best | 41.5% |
| Max Drawdown | -26.0%Best | -86.0% |
| $10,000 over 5 years | $16,654Best | $2,362 |
| Top 10 Weight | 33.4%Best | 33.5% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 8, 2011 | Jun 1, 1999 |
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for FSKAX or SWTSX. Both funds are measured the same way, so the comparison holds. FSKAX yields 0.93% and SWTSX 0.98% on top.
Volatility and max drawdown are measured over the window both funds cover: Oct 15, 2021 to Oct 13, 2026 (5 years).
FSKAX vs SWTSX 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.
FSKAX vs SWTSX Performance
Fidelity Total Market Index Fund (FSKAX) is a mutual fund from Fidelity Investments (US) and Schwab Total Stock Market Index Fund (SWTSX) is a mutual fund from Charles Schwab Asset Management. Over the past year FSKAX returned +16.68% while SWTSX returned +16.63%. Year to date, FSKAX is up 14.26% versus a gain of 14.36% for SWTSX.
Over three years, FSKAX compounded at +21.06% per year against -36.85% for SWTSX; over five years the annualized figures are +10.74% and -25.07% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SWTSX has been the more volatile fund, with annualized monthly volatility of 41.5% compared with 15.8% for FSKAX. 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 -26.0% for FSKAX and -86.0% for SWTSX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FSKAX charges 0.02% per year while SWTSX charges 0.03%. On a $10,000 position that is $2 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, FSKAX currently yields 0.93% against 0.98% for SWTSX.
Holdings Overlap
98.0% of FSKAX's money is in holdings SWTSX also owns. 97.0% of SWTSX's money is in holdings FSKAX also owns.
Most of FSKAX is already inside SWTSX. Owning both mostly buys the same companies twice.
2,117 positions in common, counted across the 2,497 positions we hold weights for in FSKAX and 2,868 in SWTSX, against full books of 3,773 and 2,987.
What only one of them owns
Our book lists 37 positions for SWTSX that do not appear in our book for FSKAX (0.5% of the fund), and 6 for FSKAX that do not appear in SWTSX (0.6%).
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 FSKAX | Weight in SWTSX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.70% | 7.16% | 0.46% |
| AAPLApple, Inc | 6.25% | 6.23% | 0.02% |
| MSFTMicrosoft Corp | 4.76% | 5.05% | 0.29% |
| AMZNAmazon.Com Inc | 3.66% | 3.40% | 0.26% |
| GOOGLAlphabet Inc | 2.88% | 2.66% | 0.22% |
| AVGOBroadcom Inc | 2.54% | 2.35% | 0.19% |
| GOOGAlphabet Inc. C | 2.32% | 2.12% | 0.20% |
| METAMeta Platforms Inc | 1.69% | 1.68% | 0.01% |
| MUMicron Technology, Inc. | 1.28% | 1.45% | 0.17% |
| TSLATesla Inc | 1.21% | 1.39% | 0.18% |
98.0% of FSKAX is already inside SWTSX.
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, FSKAX or SWTSX?
FSKAX has an expense ratio of 0.02% while SWTSX charges 0.03%. FSKAX is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, FSKAX or SWTSX?
Over the past year FSKAX returned +16.68% vs +16.63% for SWTSX, so FSKAX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FSKAX or SWTSX?
SWTSX has been the more volatile fund at 41.5% annualized versus 15.8% for FSKAX. Worst drawdown: FSKAX -26.0% vs SWTSX -86.0%.
Should I hold both FSKAX and SWTSX?
FSKAX and SWTSX have a monthly-return correlation of 0.33, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FSKAX and SWTSX?
98.0% of FSKAX's money is in holdings SWTSX also owns. 97.0% of SWTSX's is in holdings FSKAX also owns. They hold 2,117 positions in common, counted across the 2,497 positions we hold weights for in FSKAX and 2,868 in SWTSX.
Which pays a higher dividend, FSKAX or SWTSX?
FSKAX yields 0.93% while SWTSX yields 0.98%, so SWTSX currently pays the higher dividend yield.
Is SWTSX better than FSKAX?
FSKAX has a lower expense ratio. FSKAX led over 1Y, 3Y, 5Y and the full window. FSKAX is less concentrated, with 33.4% of the fund in its ten largest positions against 33.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.