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by klos ✦

FSKAX vs FZROX

Fidelity Total Market Index Fund vs Fidelity ZERO Total Market Index Fund

Buy FSKAX if…

  • You might switch brokerages someday
  • You prefer the established index

Buy FZROX if…

  • Zero fees are what you're after
  • Fidelity is your home for life
Type
Mutual Fund
Mutual Fund
Issuer
Fidelity
Fidelity
Holdings
10
10
Index
AUM
$123B
$32B
Inception
1997
2018

Key Metrics

Expense Ratio
0.01%
0.00%
Dividend Yield
+0.96%
+1.01%
Daily Liquidity
0
0
Risk (β)
1.00
1.00

Cost Calculator

$
%
FSKAX Fees
$0
FZROX Fees
$0

Annualized Returns

YTD
+16.85%
+17.07%
1 Year
+12.92%
+13.10%
3 Years
+19.75%
+19.86%
5 Years
+13.74%
+13.92%
10 Years
+13.96%
+9.94%

Top 10 Holdings

APPLE INC
6.33%
APPLE INC
6.08%
NVIDIA CORP
5.31%
MICROSOFT CORP
5.26%
MICROSOFT CORP
5.11%
NVIDIA CORP
5.02%
AMAZON.COM INC
3.44%
AMAZON.COM INC
3.79%
META PLATFORMS INC CL A
2.52%
META PLATFORMS INC CL A
2.56%
ALPHABET INC CL A
1.72%
ALPHABET INC CL A
2.03%
BERKSHIRE HATHAWAY INC CL B
1.63%
TESLA INC
1.93%
BROADCOM INC
1.61%
BROADCOM INC
1.76%
ALPHABET INC CL C
1.42%
ALPHABET INC CL C
1.67%
TESLA INC
1.42%
BERKSHIRE HATHAWAY INC CL B
1.46%

Related Comparisons

Compare FSKAX to:

Compare FZROX to:

Fidelity for Life Or For… Now

FSKAX and FZROX are Fidelity's total US stock market funds — same idea as the S&P 500 pair, but now you're getting the whole market including mid-caps and small-caps. FZROX is the "zero" fund with a 0.00% expense ratio, while FSKAX charges 0.015%. Again, we're talking about practically nothing in fees either way.

FZROX tracks Fidelity's proprietary "Total Market Index" to dodge licensing fees, while FSKAX tracks the Dow Jones US Total Stock Market Index (the official one). Both hold thousands of stocks and perform nearly identically. FSKAX has a longer track record and is more portable if you ever leave Fidelity, but FZROX saves you that extra sliver of cost.

If you're committed to Fidelity long-term, FZROX makes sense. If you want the established index or might switch brokerages someday, FSKAX is the safer bet. Either way, you're getting broad US market exposure for essentially free.

Jan Klosowski
Read blog →

Sector Breakdown

FSKAX FZROX