Dividend comparison

VTI vs FXAIX: Which Is Better?

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

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VTI vs FXAIX: key differences
The short answer, from the latest data on this page.
  • Income. Their trailing yields are almost the same: 1.05% for VTI and 1.04% for FXAIX. Both pay quarterly.
  • Performance. Over the last 5 years, FXAIX returned 80.4% versus 72.2% for VTI, with dividends reinvested. $10,000 would have grown to $18,039 in FXAIX and $17,219 in VTI.
  • Risk. Their worst declines over the last 5 years were similar: -25.4% for VTI and -24.5% for FXAIX from peak to trough.
  • Diversification. VTI holds 3,598 positions and FXAIX holds 100. The ten largest positions make up 34.6% of VTI and 37.8% of FXAIX.
  • Overlap. At least 66% of the two portfolios overlap by weight, across 93 shared holdings.
  • Dividend growth. FXAIX grew its yearly payout 7.0% a year over the last 4 years, versus 6.4% for VTI.

Bottom line: VTI fits better if you care most about broader diversification. FXAIX fits better if you care most about stronger 5-year returns.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricVTI
Vanguard Morningstar Total Stock Market ETF
FXAIX
Fidelity 500 Index Fund
Dividend yield (TTM)1.05%1.04%
Dividend / share (TTM)$3.95$2.80
Payout frequencyQuarterlyQuarterly
Last dividend$0.9555 on Sep 30, 2026$0.7130 on Oct 5, 2026
Ex-dividend dateSep 28, 2026Oct 2, 2026
Dividend growth (CAGR)6.4% over 4 yrs7.0% over 4 yrs
Price$377.09$268.06
Dividend growth streak5 years4 years
Beta1.021.00
Max drawdown (5Y)-25.4%-24.5%
Market cap$2.30T$857.59B
ExchangeAMEXNASDAQ
Expense ratio0.03%—
Assets under management$2.30T—
Number of holdings3598100
Top 10 concentration34.6%37.8%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

VTI

$8.72/mo

$105 /yr at 1.05% yield

FXAIX

$8.71/mo

$104 /yr at 1.04% yield

Dividend history
Total dividends paid per share in each calendar year. VTI pays quarterly; FXAIX pays quarterly.
YearVTIFXAIX
2025$3.7566$2.6480
2024$3.6743$2.5430
2023$3.4128$2.4010
2022$3.1833$2.2560
2021$2.9303$2.0190
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 VTI vs FXAIX actually do

VTI
A single fund holding effectively the entire investable US stock market, roughly 3,500 companies from mega-cap down to micro-cap.

It tracks the CRSP US Total Market Index at market-cap weights, so the largest 500 names still dominate the return and it behaves much like an S&P 500 fund in practice. The difference is the long tail of mid, small and micro-cap companies that an S&P 500 fund leaves out entirely. Over a full cycle that tail changes the risk profile more than it changes the headline return, and dividend yield sits slightly below a large-cap-only fund because smaller companies pay out less.

Suits an investor who wants one holding to cover US equity without deciding where the size cutoff should sit. Not an income vehicle, and it adds no geographic diversification.

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 $17,219 in VTI and $18,039 in FXAIX.
PeriodVTIFXAIX
1 month0.69%0.61%
3 months3.22%3.42%
Year to date13.43%12.76%
1 year15.24%14.54%
3 years87.48%87.63%
5 years72.19%80.39%
  • VTI
  • FXAIX
71130190202120222023202420252026172180

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.
  • VTI
  • FXAIX
0%10%19%29%38%Technology38.2%Financial Services11.5%Healthcare9.9%Communication Services9.1%Industrials8.5%Consumer Cyclical8.5%Consumer Defensive4.2%Energy3.6%Real Estate2.2%Basic Materials2.1%Other2.1%
VTI vs FXAIX holdings overlap
At least 66% 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 holdingsVTI weightFXAIX weight
NVDANVIDIA Corp7.13%8.08%
AAPLApple Inc6.63%7.03%
MSFTMicrosoft Corp5.19%5.69%
AMZNAmazon.com Inc3.30%3.84%
GOOGLAlphabet Inc2.76%3.01%
AVGOBroadcom Inc2.28%2.65%
GOOGAlphabet Inc2.18%2.40%
METAMeta Platforms Inc2.18%1.90%
MUMicron Technology Inc1.64%1.63%
TSLATesla Inc1.36%1.56%
Top 10 holdings
Largest positions by portfolio weight.

VTI3598 holdings total

NameWeight
NVDANVIDIA Corp7.13%
AAPLApple Inc6.63%
MSFTMicrosoft Corp5.19%
AMZNAmazon.com Inc3.30%
GOOGLAlphabet Inc2.76%
AVGOBroadcom Inc2.28%
METAMeta Platforms Inc2.18%
GOOGAlphabet Inc2.18%
MUMicron Technology Inc1.64%
TSLATesla Inc1.36%

FXAIX100 holdings total

NameWeight
NVDANVIDIA Corp8.08%
AAPLApple Inc7.03%
MSFTMicrosoft Corp5.69%
AMZNAmazon.com Inc3.84%
GOOGLAlphabet Inc Class A3.01%
AVGOBroadcom Inc2.65%
GOOGAlphabet Inc Class C2.40%
METAMeta Platforms Inc Class A1.90%
MUMicron Technology Inc1.63%
TSLATesla Inc1.56%

Quick verdict

VTI fits better if you care most about broader diversification. FXAIX fits better if you care most about stronger 5-year returns. Model the holding inside your real portfolio before deciding.

Still deciding? Compare them in your portfolio
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Frequently asked questions

Is VTI or FXAIX better for dividend income?
It depends on your goals. VTI currently yields 1.05% Trailing Twelve Months (TTM) while FXAIX 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 VTI and FXAIX?
Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF listed on AMEX. Fidelity 500 Index Fund (FXAIX) 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, VTI or FXAIX?
Over the last 5 years, FXAIX has the higher total return with dividends reinvested: VTI returned 72.2% and FXAIX returned 80.4%. Past performance does not predict future returns.
Which is riskier, VTI or FXAIX?
Measured by the worst peak-to-trough decline over the last five years, VTI has been riskier: VTI fell as much as 25.4% and FXAIX as much as 24.5%. Their betas are 1.02 and 1.00.
How much do VTI and FXAIX overlap?
At least 66% of the two portfolios overlap by weight, across 93 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do VTI and FXAIX pay dividends?
Both pay quarterly. The most recent payments were $0.9555 for VTI and $0.7130 for FXAIX.
How much income does $10,000 in VTI vs FXAIX generate?
At current TTM yields, $10,000 in VTI would generate roughly $8.72 per month ($105 annually). The same amount in FXAIX would produce about $8.71 per month ($104 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VTI and FXAIX?
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 VTI vs FXAIX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VTI and FXAIX 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.