Dividend comparison
FXAIX vs VFIAX: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Fidelity 500 Index Fund and Vanguard 500 Index Fund Admiral Shares, side by side. Updated October 21, 2026.
FXAIX vs VFIAX: key differences
The short answer, from the latest data on this page.
- Income. Their trailing yields are almost the same: 1.04% for FXAIX and 1.04% for VFIAX. Both pay quarterly.
- Performance. Over the last 5 years, FXAIX returned 80.4% versus 80.1% for VFIAX, with dividends reinvested. $10,000 would have grown to $18,039 in FXAIX and $18,011 in VFIAX.
- Risk. Their worst declines over the last 5 years were similar: -24.5% for FXAIX and -24.5% for VFIAX from peak to trough.
- Diversification. FXAIX holds 100 positions and VFIAX holds 100. The ten largest positions make up 37.8% of FXAIX and 39.1% of VFIAX.
- Overlap. At least 72% of the two portfolios overlap by weight, across 93 shared holdings. Owning both adds little diversification.
- Dividend growth. FXAIX grew its yearly payout 7.0% a year over the last 4 years, versus 6.8% for VFIAX.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | FXAIX Fidelity 500 Index Fund | VFIAX Vanguard 500 Index Fund Admiral Shares |
|---|---|---|
| Dividend yield (TTM) | 1.04% | 1.04% |
| Dividend / share (TTM) | $2.80 | $7.42 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.7130 on Oct 5, 2026 | $1.8186 on Sep 29, 2026 |
| Ex-dividend date | Oct 2, 2026 | Sep 28, 2026 |
| Dividend growth (CAGR) | 7.0% over 4 yrs | 6.8% over 4 yrs |
| Price | $268.06 | $711.99 |
| Dividend growth streak | 4 years | 5 years |
| Beta | 1.00 | 1.01 |
| Max drawdown (5Y) | -24.5% | -24.5% |
| Market cap | $857.59B | $1.73T |
| Exchange | NASDAQ | NASDAQ |
| Number of holdings | 100 | 100 |
| Top 10 concentration | 37.8% | 39.1% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
FXAIX
$8.71/mo
$104 /yr at 1.04% yield
VFIAX
$8.68/mo
$104 /yr at 1.04% yield
Dividend history
Total dividends paid per share in each calendar year. FXAIX pays quarterly; VFIAX pays quarterly.
| Year | FXAIX | VFIAX |
|---|---|---|
| 2025 | $2.6480 | $7.0637 |
| 2024 | $2.5430 | $6.7049 |
| 2023 | $2.4010 | $6.3670 |
| 2022 | $2.2560 | $5.9527 |
| 2021 | $2.0190 | $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.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,039 in FXAIX and $18,011 in VFIAX.
| Period | FXAIX | VFIAX |
|---|---|---|
| 1 month | 0.61% | 0.62% |
| 3 months | 3.42% | 3.43% |
| Year to date | 12.76% | 12.69% |
| 1 year | 14.54% | 14.48% |
| 3 years | 87.63% | 87.46% |
| 5 years | 80.39% | 80.11% |
- FXAIX
- VFIAX
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
FXAIX vs VFIAX holdings overlap
At least 72% overlap by weight, with 93 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 holdings | FXAIX weight | VFIAX weight |
|---|---|---|
| NVDANVIDIA Corp | 8.08% | 8.39% |
| AAPLApple Inc | 7.03% | 7.38% |
| MSFTMicrosoft Corp | 5.69% | 5.78% |
| AMZNAmazon.com Inc | 3.84% | 3.71% |
| GOOGLAlphabet Inc Class A | 3.01% | 3.07% |
| AVGOBroadcom Inc | 2.65% | 2.54% |
| GOOGAlphabet Inc Class C | 2.40% | 2.45% |
| METAMeta Platforms Inc Class A | 1.90% | 2.43% |
| MUMicron Technology Inc | 1.63% | 1.83% |
| TSLATesla Inc | 1.56% | 1.52% |
Top 10 holdings
Largest positions by portfolio weight.
FXAIX100 holdings total
Quick verdict
FXAIX currently posts the higher TTM yield (1.04%). FXAIX yields 1.04%; VFIAX yields 1.04%. Choose based on whether you prioritize current cash flow, dividend growth, or total return — then model the holding inside your real portfolio.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how FXAIX vs VFIAX fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is FXAIX or VFIAX better for dividend income?
It depends on your goals. FXAIX currently yields 1.04% Trailing Twelve Months (TTM) while VFIAX yields 1.04%. 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 FXAIX and VFIAX?
Fidelity 500 Index Fund (FXAIX) is an ETF listed on NASDAQ. Vanguard 500 Index Fund Admiral Shares (VFIAX) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, FXAIX or VFIAX?
Over the last 5 years, FXAIX has the higher total return with dividends reinvested: FXAIX returned 80.4% and VFIAX returned 80.1%. Past performance does not predict future returns.
Which is riskier, FXAIX or VFIAX?
Measured by the worst peak-to-trough decline over the last five years, VFIAX has been riskier: FXAIX fell as much as 24.5% and VFIAX as much as 24.5%. Their betas are 1.00 and 1.01.
How much do FXAIX and VFIAX overlap?
At least 72% of the two portfolios overlap by weight, across 93 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both adds little diversification.
How often do FXAIX and VFIAX pay dividends?
Both pay quarterly. The most recent payments were $0.7130 for FXAIX and $1.8186 for VFIAX.
How much income does $10,000 in FXAIX vs VFIAX generate?
At current TTM yields, $10,000 in FXAIX would generate roughly $8.71 per month ($104 annually). The same amount in VFIAX would produce about $8.68 per month ($104 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both FXAIX and VFIAX?
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 FXAIX vs VFIAX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how FXAIX and VFIAX 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.