FNILX vs. FXAIX — ETF comparison tool (2024)

FAQs

How is FNILX compared to FXAIX? ›

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%.

Fidelity ZERO Large Cap Index Fund (FNILX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.65% and 3.54%, 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.

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)

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.

Overall Rating. Morningstar has awarded this fund 5 stars based on its risk-adjusted performance compared to the 1293 funds within its Morningstar Category.

Fidelity ZERO Large Cap Index Fund (FNILX)

This fund tracks the Fidelity U.S. Large Cap Index, which is very similar to the S&P 500 in performance and composition. As its name suggests, FNILX does not charge an expense ratio.

The FNILX mutual fund is unique because it is part of Fidelity's family of 0.00% expense ratio mutual funds. In addition to having no cost, there are also no minimum investment requirements, making it perfect for all investment levels, including beginners.

Overall Rating. Morningstar has awarded this fund 4 stars based on its risk-adjusted performance compared to the 1293 funds within its Morningstar Category.

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.

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.

What is the ETF equivalent of Fxaix? ›

FXAIX (Fidelity 500 Index Fund) and VOO (Vanguard S&P 500 ETF) are two investment options that offer to return similar returns to the S&P 500. In large part, these two investment options are very similar, except FXAIX is a mutual fund offered by Fidelity, and VOO is an exchange-traded fund (ETF) offered by Vanguard.

FNILX - Fidelity ZERO ® Large Cap Index Fund.

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

FAQ. Does Fidelity ZERO Large Cap Index Fund pay dividends? Yes, FNILX has paid a dividend within the past 12 months.

Returns. This fund scores Above Average because it delivered returns that were in the top 22.5% when compared to other funds within its Morningstar category.

Fidelity 500 Index Fund's analyst rating consensus is a Moderate Buy. This is based on the ratings of 506 Wall Streets Analysts.

With a 0.015% expense ratio, it's the cheapest on our list. And it doesn't have a minimum initial investment requirement, sales loads or trading fees. Over the last 10 years, FXAIX has returned an annualized 12.02%. The S&P 500 index's return is 11.8% during that period.