Dividend comparison
FXAIX vs VUG: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Fidelity 500 Index Fund and Vanguard Morningstar Growth ETF, side by side. Updated October 21, 2026.
FXAIX vs VUG: key differences
The short answer, from the latest data on this page.
- Income. FXAIX pays more income, yielding 1.04% over the last twelve months versus 0.39% for VUG. That is about $65 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, FXAIX returned 80.4% versus 78.4% for VUG, with dividends reinvested. $10,000 would have grown to $18,039 in FXAIX and $17,845 in VUG.
- Risk. VUG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -35.6%, against -24.5% for FXAIX.
- Diversification. VUG holds 166 positions and FXAIX holds 100. The ten largest positions make up 37.8% of FXAIX and 63.1% of VUG.
- Overlap. At least 51% of the two portfolios overlap by weight, across 45 shared holdings.
- Dividend growth. FXAIX grew its yearly payout 7.0% a year over the last 4 years, versus 6.9% for VUG.
Bottom line: FXAIX fits better if you care most about more income today and smaller drawdowns. VUG fits better if you care most about broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | FXAIX Fidelity 500 Index Fund | VUG Vanguard Morningstar Growth ETF |
|---|---|---|
| Dividend yield (TTM) | 1.04% | 0.39% |
| Dividend / share (TTM) | $2.80 | $0.35 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.7130 on Oct 5, 2026 | $0.0910 on Sep 30, 2026 |
| Ex-dividend date | Oct 2, 2026 | Sep 28, 2026 |
| Dividend growth (CAGR) | 7.0% over 4 yrs | 6.9% over 4 yrs |
| Price | $268.06 | $88.67 |
| Dividend growth streak | 4 years | 3 years |
| Beta | 1.00 | 1.27 |
| Max drawdown (5Y) | -24.5% | -35.6% |
| Market cap | $857.59B | $392.24B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | — | 0.03% |
| Assets under management | — | $392.20B |
| Number of holdings | 100 | 166 |
| Top 10 concentration | 37.8% | 63.1% |
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
VUG
$3.25/mo
$39 /yr at 0.39% yield
Dividend history
Total dividends paid per share in each calendar year. FXAIX pays quarterly; VUG pays quarterly.
| Year | FXAIX | VUG |
|---|---|---|
| 2025 | $2.6480 | $0.3351 |
| 2024 | $2.5430 | $0.3188 |
| 2023 | $2.4010 | $0.3003 |
| 2022 | $2.2560 | $0.2499 |
| 2021 | $2.0190 | $0.2567 |
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 $17,845 in VUG.
| Period | FXAIX | VUG |
|---|---|---|
| 1 month | 0.61% | 0.01% |
| 3 months | 3.42% | 4.01% |
| Year to date | 12.76% | 9.40% |
| 1 year | 14.54% | 10.23% |
| 3 years | 87.63% | 99.93% |
| 5 years | 80.39% | 78.45% |
- FXAIX
- VUG
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.
- FXAIX
- VUG
FXAIX vs VUG holdings overlap
At least 51% overlap by weight, with 45 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 | VUG weight |
|---|---|---|
| NVDANVIDIA Corp | 8.08% | 13.48% |
| AAPLApple Inc | 7.03% | 12.50% |
| MSFTMicrosoft Corp | 5.69% | 9.74% |
| AMZNAmazon.com Inc | 3.84% | 4.26% |
| GOOGLAlphabet Inc Class A | 3.01% | 5.16% |
| AVGOBroadcom Inc | 2.65% | 4.34% |
| GOOGAlphabet Inc Class C | 2.40% | 4.09% |
| METAMeta Platforms Inc Class A | 1.90% | 4.23% |
| TSLATesla Inc | 1.56% | 2.65% |
| LLYEli Lilly & Co | 1.38% | 2.60% |
Top 10 holdings
Largest positions by portfolio weight.
FXAIX100 holdings total
Quick verdict
FXAIX fits better if you care most about more income today and smaller drawdowns. VUG fits better if you care most about broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how FXAIX vs VUG fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is FXAIX or VUG better for dividend income?
It depends on your goals. FXAIX currently yields 1.04% Trailing Twelve Months (TTM) while VUG yields 0.39%. 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 VUG?
Fidelity 500 Index Fund (FXAIX) is an ETF listed on NASDAQ. Vanguard Morningstar Growth ETF (VUG) 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, FXAIX or VUG?
Over the last 5 years, FXAIX has the higher total return with dividends reinvested: FXAIX returned 80.4% and VUG returned 78.4%. Past performance does not predict future returns.
Which is riskier, FXAIX or VUG?
Measured by the worst peak-to-trough decline over the last five years, VUG has been riskier: FXAIX fell as much as 24.5% and VUG as much as 35.6%. Their betas are 1.00 and 1.27.
How much do FXAIX and VUG overlap?
At least 51% of the two portfolios overlap by weight, across 45 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do FXAIX and VUG pay dividends?
Both pay quarterly. The most recent payments were $0.7130 for FXAIX and $0.0910 for VUG.
How much income does $10,000 in FXAIX vs VUG generate?
At current TTM yields, $10,000 in FXAIX would generate roughly $8.71 per month ($104 annually). The same amount in VUG would produce about $3.25 per month ($39 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both FXAIX and VUG?
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 VUG with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how FXAIX and VUG 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.