Dividend comparison

FSKAX vs VOO: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Fidelity Total Market Index Fund and Vanguard S&P 500 ETF, side by side. Updated October 21, 2026.

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FSKAX vs VOO: key differences
The short answer, from the latest data on this page.
  • Income. VOO pays more income, yielding 1.05% over the last twelve months versus 0.92% for FSKAX. That is about $13 more a year on $10,000. FSKAX pays semi-annual, VOO pays quarterly.
  • Performance. Over the last 5 years, VOO returned 81.8% versus 71.1% for FSKAX, with dividends reinvested. $10,000 would have grown to $18,178 in VOO and $17,110 in FSKAX.
  • Risk. Their worst declines over the last 5 years were similar: -25.4% for FSKAX and -24.5% for VOO from peak to trough.
  • Diversification. VOO holds 505 positions and FSKAX holds 100. The ten largest positions make up 33.6% of FSKAX and 39.1% of VOO.
  • Overlap. At least 65% of the two portfolios overlap by weight, across 92 shared holdings.
  • Dividend growth. VOO grew its yearly payout 6.8% a year over the last 4 years, versus 5.4% for FSKAX.

Bottom line: VOO has the edge on these figures, with stronger 5-year returns, faster dividend growth and broader diversification. FSKAX does not lead on any of the measures compared here.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricFSKAX
Fidelity Total Market Index Fund
VOO
Vanguard S&P 500 ETF
Dividend yield (TTM)0.92%1.05%
Dividend / share (TTM)$1.95$7.43
Payout frequencySemi-annualQuarterly
Last dividend$0.1640 on Apr 13, 2026$1.8226 on Sep 30, 2026
Ex-dividend dateApr 10, 2026Sep 28, 2026
Dividend growth (CAGR)5.4% over 4 yrs6.8% over 4 yrs
Price$211.69$706.80
Dividend growth streak—5 years
Beta1.031.01
Max drawdown (5Y)-25.4%-24.5%
Market cap$139.96B$1.70T
ExchangeNASDAQAMEX
Expense ratio—0.03%
Assets under management—$1.70T
Number of holdings100505
Top 10 concentration33.6%39.1%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

FSKAX

$7.68/mo

$92 /yr at 0.92% yield

VOO

$8.76/mo

$105 /yr at 1.05% yield

Dividend history
Total dividends paid per share in each calendar year. FSKAX pays semi-annual; VOO pays quarterly.
YearFSKAXVOO
2025$1.8940$7.0678
2024$1.9120$6.7035
2023$1.8590$6.3572
2022$1.7220$5.9467
2021$1.5340$5.4367
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.

Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.

What FSKAX vs VOO actually do

VOO
Vanguard's S&P 500 tracker, holding the 500 large-cap US companies in the index at their market-cap weights.

It replicates the index in full and makes no attempt to pick winners, so its return is the index return less a very small fee. As an open-end fund it can lend securities and put incoming dividends back to work inside the portfolio between the quarterly payment dates. Dividends are whatever the underlying companies happen to pay, which means yield is an output of the strategy and never a target of it.

Suits almost any long-horizon US equity allocation, including as the growth engine sitting behind higher-yielding income positions. Not a fit for someone whose portfolio needs to produce meaningful current cash flow.

Core holding

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $17,110 in FSKAX and $18,178 in VOO.
PeriodFSKAXVOO
1 month0.57%0.97%
3 months2.92%3.87%
Year to date13.30%13.68%
1 year13.95%15.84%
3 years86.10%89.23%
5 years71.10%81.78%
  • FSKAX
  • VOO
71131191202120222023202420252026171182

Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • FSKAX
  • VOO
0%10%20%30%40%Technology40.5%Financial Services11.1%Communication Services9.9%Healthcare9.3%Consumer Cyclical8.8%Industrials7.5%Consumer Defensive4.3%Energy3.4%Utilities1.9%Real Estate1.7%Other1.6%
FSKAX vs VOO holdings overlap
At least 65% overlap by weight, with 92 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsFSKAX weightVOO weight
NVDANVIDIA Corp7.18%8.39%
AAPLApple Inc6.25%7.38%
MSFTMicrosoft Corp5.06%5.78%
AMZNAmazon.com Inc3.41%3.71%
GOOGLAlphabet Inc Class A2.67%3.07%
AVGOBroadcom Inc2.35%2.54%
GOOGAlphabet Inc Class C2.13%2.45%
METAMeta Platforms Inc Class A1.69%2.43%
MUMicron Technology Inc1.45%1.83%
TSLATesla Inc1.39%1.52%
Top 10 holdings
Largest positions by portfolio weight.

FSKAX100 holdings total

NameWeight
NVDANVIDIA Corp7.18%
AAPLApple Inc6.25%
MSFTMicrosoft Corp5.06%
AMZNAmazon.com Inc3.41%
GOOGLAlphabet Inc Class A2.67%
AVGOBroadcom Inc2.35%
GOOGAlphabet Inc Class C2.13%
METAMeta Platforms Inc Class A1.69%
MUMicron Technology Inc1.45%
TSLATesla Inc1.39%

VOO505 holdings total

NameWeight
NVDANVIDIA Corp8.39%
AAPLApple Inc7.38%
MSFTMicrosoft Corp5.78%
AMZNAmazon.com Inc3.71%
GOOGLAlphabet Inc3.07%
AVGOBroadcom Inc2.54%
GOOGAlphabet Inc2.45%
METAMeta Platforms Inc2.43%
MUMicron Technology Inc1.83%
TSLATesla Inc1.52%

Quick verdict

VOO has the edge on these figures, with stronger 5-year returns, faster dividend growth and broader diversification. FSKAX does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is FSKAX or VOO better for dividend income?
It depends on your goals. FSKAX currently yields 0.92% Trailing Twelve Months (TTM) while VOO yields 1.05%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between FSKAX and VOO?
Fidelity Total Market Index Fund (FSKAX) is an ETF listed on NASDAQ. Vanguard S&P 500 ETF (VOO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, FSKAX or VOO?
Over the last 5 years, VOO has the higher total return with dividends reinvested: FSKAX returned 71.1% and VOO returned 81.8%. Past performance does not predict future returns.
Which is riskier, FSKAX or VOO?
Measured by the worst peak-to-trough decline over the last five years, FSKAX has been riskier: FSKAX fell as much as 25.4% and VOO as much as 24.5%. Their betas are 1.03 and 1.01.
How much do FSKAX and VOO overlap?
At least 65% of the two portfolios overlap by weight, across 92 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do FSKAX and VOO pay dividends?
FSKAX pays semi-annual and VOO pays quarterly.
How much income does $10,000 in FSKAX vs VOO generate?
At current TTM yields, $10,000 in FSKAX would generate roughly $7.68 per month ($92 annually). The same amount in VOO would produce about $8.76 per month ($105 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both FSKAX and VOO?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare FSKAX vs VOO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how FSKAX and VOO fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.