FZFXX vs VYM
Fidelity Treasury Money Market Fund vs Vanguard High Dividend Yield ETF
Which is better, FZFXX or VYM?
VYM costs less.
VYM has a lower expense ratio.
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 | FZFXX | VYM |
|---|---|---|
| Expense Ratio | 0.42% | 0.04%Best |
| AUM | $42.5B | $78.9B |
| Dividend Yield | 3.39% | 2.37% |
| Holdings | 166 | 608 |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Money Market | Equity |
| Style | - | Large Cap Value |
| Inception | Apr 6, 2015 | Nov 10, 2006 |
Not shown on this pair: YTD Price Return, 1Y Price Return, 3Y Price Return (annualized), 5Y Price Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 1660 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FZFXX has data through Mar 29, 2022 and VYM through Oct 14, 2026.
Fees and Cost Over Time
FZFXX charges 0.42% per year while VYM charges 0.04%. On a $10,000 position that is $42 vs $4 annually, a gap of $38 per year that compounds over a long holding period. On income, FZFXX currently yields 3.39% against 2.37% for VYM.
Structure and taxes
FZFXX is a mutual fund and VYM is an ETF. A mutual fund prices once a day at net asset value and may carry a purchase minimum. An ETF trades through the day at whatever the market pays for it.
In a taxable account the difference that usually matters is distributions. An ETF can meet redemptions in kind, so it rarely has to sell holdings and rarely passes a capital gain to the people who held it; a mutual fund that sells holdings to meet redemptions can distribute a realised gain at year end to everyone still in the fund, whether or not they sold anything themselves. In a tax-deferred account that difference largely disappears. Both are descriptions of how the two wrappers work, not a recommendation.
Tax-loss harvesting works on either wrapper.
Holdings Overlap
We hold position weights for 34 holdings in FZFXX and 602 in VYM, totalling 14.5% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 34 positions we hold weights for in FZFXX and 602 in VYM, against full books of 166 and 608.
You are not choosing between two funds in isolation.
Whichever of FZFXX and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FZFXX or VYM?
FZFXX has an expense ratio of 0.42% while VYM charges 0.04%. VYM is the cheaper option, by $38 a year on a $10,000 investment.
Which pays a higher dividend, FZFXX or VYM?
FZFXX yields 3.39% while VYM yields 2.37%, so FZFXX currently pays the higher dividend yield.
Is it better to hold FZFXX or VYM in a taxable account?
VYM is an ETF and FZFXX is a mutual fund. An ETF can meet redemptions in kind, so it rarely distributes a capital gain to the people holding it. A mutual fund that sells holdings to meet redemptions can pass a realised gain to every holder at year end. In a tax-deferred account that difference largely disappears. This is information, not a recommendation.
Is VYM better than FZFXX?
VYM has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.