Dividend comparison
FZROX vs VTSAX: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Fidelity ZERO Total Market Index Fund and Vanguard Total Stock Market Index Fund Admiral Shares, side by side. Updated October 21, 2026.
FZROX vs VTSAX: key differences
The short answer, from the latest data on this page.
- Income. VTSAX pays more income, yielding 1.04% over the last twelve months versus 0.90% for FZROX. That is about $14 more a year on $10,000. FZROX pays annual, VTSAX pays quarterly.
- Performance. Over the last 5 years, FZROX returned 72.8% versus 70.6% for VTSAX, with dividends reinvested. $10,000 would have grown to $17,283 in FZROX and $17,064 in VTSAX.
- Risk. Their worst declines over the last 5 years were similar: -25.1% for FZROX and -25.4% for VTSAX from peak to trough.
- Diversification. FZROX holds 100 positions and VTSAX holds 100. The ten largest positions make up 33.6% of FZROX and 34.6% of VTSAX.
- Overlap. At least 64% of the two portfolios overlap by weight, across 92 shared holdings.
- Dividend growth. FZROX grew its yearly payout 7.5% a year over the last 4 years, versus 6.4% for VTSAX.
Bottom line: FZROX has the edge on these figures, with stronger 5-year returns and faster dividend growth. VTSAX 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.
| Metric | FZROX Fidelity ZERO Total Market Index Fund | VTSAX Vanguard Total Stock Market Index Fund Admiral Shares |
|---|---|---|
| Dividend yield (TTM) | 0.90% | 1.04% |
| Dividend / share (TTM) | $0.24 | $180.73 |
| Payout frequency | Annual | Quarterly |
| Last dividend | $0.2420 on Dec 15, 2025 | $0.4605 on Sep 29, 2026 |
| Ex-dividend date | Dec 12, 2025 | Sep 28, 2026 |
| Dividend growth (CAGR) | 7.5% over 4 yrs | 6.4% over 4 yrs |
| Price | $26.84 | $183.51 |
| Payout ratio (TTM) | — | 23.1% |
| Dividend growth streak | 2 years | 5 years |
| Beta | 1.02 | 1.02 |
| Max drawdown (5Y) | -25.1% | -25.4% |
| Market cap | $41.24B | $2.32T |
| Exchange | NASDAQ | NASDAQ |
| Number of holdings | 100 | 100 |
| Top 10 concentration | 33.6% | 34.6% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
FZROX
$7.51/mo
$90 /yr at 0.90% yield
VTSAX
$8.68/mo
$104 /yr at 1.04% yield
Dividend history
Total dividends paid per share in each calendar year. FZROX pays annual; VTSAX pays quarterly.
| Year | FZROX | VTSAX |
|---|---|---|
| 2025 | $0.2420 | $1.8136 |
| 2024 | $0.2360 | $1.7760 |
| 2023 | $0.2260 | $1.6510 |
| 2022 | $0.2100 | $1.5400 |
| 2021 | $0.1810 | $1.4150 |
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 $17,283 in FZROX and $17,064 in VTSAX.
| Period | FZROX | VTSAX |
|---|---|---|
| 1 month | 0.64% | 0.35% |
| 3 months | 2.99% | 2.69% |
| Year to date | 13.54% | 12.44% |
| 1 year | 14.21% | 13.92% |
| 3 years | 86.65% | 85.72% |
| 5 years | 72.83% | 70.64% |
- FZROX
- VTSAX
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
FZROX vs VTSAX holdings overlap
At least 64% 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 holdings | FZROX weight | VTSAX weight |
|---|---|---|
| NVDANVIDIA Corp | 7.19% | 7.13% |
| AAPLApple Inc | 6.26% | 6.63% |
| MSFTMicrosoft Corp | 5.07% | 5.19% |
| AMZNAmazon.com Inc | 3.42% | 3.30% |
| GOOGLAlphabet Inc Class A | 2.68% | 2.76% |
| AVGOBroadcom Inc | 2.36% | 2.28% |
| GOOGAlphabet Inc Class C | 2.13% | 2.18% |
| METAMeta Platforms Inc Class A | 1.69% | 2.18% |
| MUMicron Technology Inc | 1.45% | 1.64% |
| TSLATesla Inc | 1.39% | 1.36% |
Top 10 holdings
Largest positions by portfolio weight.
FZROX100 holdings total
Quick verdict
FZROX has the edge on these figures, with stronger 5-year returns and faster dividend growth. VTSAX does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is FZROX or VTSAX better for dividend income?
It depends on your goals. FZROX currently yields 0.90% Trailing Twelve Months (TTM) while VTSAX 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 FZROX and VTSAX?
Fidelity ZERO Total Market Index Fund (FZROX) is an ETF listed on NASDAQ. Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) 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, FZROX or VTSAX?
Over the last 5 years, FZROX has the higher total return with dividends reinvested: FZROX returned 72.8% and VTSAX returned 70.6%. Past performance does not predict future returns.
Which is riskier, FZROX or VTSAX?
Measured by the worst peak-to-trough decline over the last five years, VTSAX has been riskier: FZROX fell as much as 25.1% and VTSAX as much as 25.4%. Their betas are 1.02 and 1.02.
How much do FZROX and VTSAX overlap?
At least 64% 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 FZROX and VTSAX pay dividends?
FZROX pays annual and VTSAX pays quarterly.
How much income does $10,000 in FZROX vs VTSAX generate?
At current TTM yields, $10,000 in FZROX would generate roughly $7.51 per month ($90 annually). The same amount in VTSAX would produce about $8.68 per month ($104 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both FZROX and VTSAX?
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 FZROX vs VTSAX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how FZROX and VTSAX 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.