Compare/Updated Oct 26, 2026, refreshed every trading day
FZROX vs VOO
Fidelity ZERO Total Market Index Fund against Vanguard S&P 500 ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
VOO did better over the period: $1,000 invested on October 28, 2022 would be worth $2,065 today, versus $1,985 for FZROX. VOO’s total return was 106.5%, compared with 98.5% for FZROX, and it also led over three years, 83.6% versus 78.6%. The advantage persisted across the shorter periods shown, including one-year returns of 15.1% versus 13.7%. VOO also had slightly lower risk: 12.7% volatility over the last 12 months versus 13.1% for FZROX, and a less severe worst drawdown of -18.7% versus -19.8%. The funds moved very similarly, with a 0.972 daily correlation, but VOO won 27 of the last 48 months. This matters because VOO delivered higher returns with slightly lower recent volatility and drawdown, while FZROX remains a closely related alternative.
- Technical indicators are not available for this ticker yet.
- Price is above its 200-day average ($665); 50-day at $705.
- RSI 42, neutral. Supertrend says sell. ADX 14, so the trend is weak.
Head to head
Which has returned more, FZROX or VOO?
FZROX beat VOO in 21 of the last 48 months; VOO won the other 27. The typical monthly gap was 0.27 points.
Total return by period
Which is riskier?
FZROX: Dec 4, 2024 to Apr 8, 2025; VOO: Feb 19, 2025 to Apr 8, 2025
- 0.972
- correlation of daily moves, 4 years
- 1.01
- FZROX move per 1% in VOO
- 0.923
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.27 points.
When did they diverge?
| Month | FZROX | VOO | Gap |
|---|---|---|---|
| December 2024 | -4.0% | -2.3% | -1.72 pts |
| December 2025 | -1.0% | +0.1% | -1.08 pts |
| March 2023 | +2.6% | +3.7% | -1.06 pts |
| November 2024 | +6.6% | +5.9% | +0.74 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with FZROX and VOO?
- Price
- $26.55
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