Does Fidelity have a S&P 500 ETF?
Fidelity® 500 Index Fund is a diversified domestic large-cap equity strategy that seeks to closely track the returns and characteristics of the S&P 500® index.
Our recommendation for the best overall S&P 500 index fund is the Fidelity 500 Index Fund. With a 0.015% expense ratio, it's the cheapest on our list. And it doesn't have a minimum initial investment requirement, sales loads or trading fees. Over the last 10 years, FXAIX has returned an annualized 12.02%.
FXAIX - Fidelity ® 500 Index Fund.
To begin this process, individuals first need to set up a brokerage account with Fidelity, which can typically be done online in a few simple steps. Once the account is established, they can choose from a range of S&P 500 index funds offered by Fidelity, each with its own investment objectives and risk profiles.
| Fund (ticker) | 5-year annual returns | Expense ratio |
|---|---|---|
| Vanguard S&P 500 ETF (VOO) | 14.5% | 0.03% |
| SPDR S&P 500 ETF Trust (SPY) | 14.5% | 0.095% |
| iShares Core S&P 500 ETF (IVV) | 14.5% | 0.03% |
| Schwab S&P 500 Index (SWPPX) | 14.5% | 0.02% |
Both Fidelity and Vanguard have a wide variety of low-cost mutual funds and ETFs. If you're simply looking at the options offered by each firm, Fidelity has more options available.
ETFs have several advantages for investors considering this vehicle. The 4 most prominent advantages are trading flexibility, portfolio diversification and risk management, lower costs versus like mutual funds, and potential tax benefits.
Last dividend for Fidelity 500 Index Fund (FXAIX) as of April 16, 2024 is 0.55 USD. The forward dividend yield for FXAIX as of April 16, 2024 is 1.25%. Average dividend growth rate for stock Fidelity 500 Index Fund (FXAIX) for past three years is 5.05%.
Fidelity's equivalent to VOO is the Fidelity 500 Index Fund (FXAIX). FXAIX is a mutual fund that tracks the S&P 500 index, just like VOO. It has the same holdings, performance, dividends, and risk profile as VOO. It also has a slightly lower expense ratio of 0.015%, compared to VOO's 0.03%.
Fidelity® Total Market Index Fund is a diversified domestic all-cap equity strategy that seeks to closely track the aggregate returns and characteristics of the Dow Jones U.S. Total Stock Market IndexSM.
How much does Fidelity charge for S&P 500?
Fidelity® 500 Index Fund has an expense ratio of 0.02 percent.
Vanguard S&P 500 ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VOO is a great option for investors seeking exposure to the Style Box - Large Cap Blend segment of the market.
VOO = VFIAX, SPY, FXAIX
The VOO mutual fund equivalent is also Vanguard's S&P 500 Index Fund Admiral Shares (VFIAX). The VOO Fidelity mutual fund equivalent is FXAIX, the Fidelity ® 500 Index Fund. Fidelity does not have a VOO or FXAIX ETF equivalent.
SPY, VOO and IVV are among the most popular S&P 500 ETFs. These three S&P 500 ETFs are quite similar, but may sometimes diverge in terms of costs or daily returns.
How Does an S&P 500 ETF Differ from an S&P 500 Index Fund? Both an index ETF and an index mutual fund passively track the S&P 500 index in order to duplicate its return. ETFs trade like stocks on exchanges, while mutual funds can only be traded at the end of each trading day.
| Symbol | Name | Expense Ratio |
|---|---|---|
| IVV | iShares Core S&P 500 ETF | 0.03% |
| SCHB | Schwab U.S. Broad Market ETF | 0.03% |
| SCHX | Schwab U.S. Large-Cap ETF | 0.03% |
| SCHP | Schwab U.S. TIPS ETF | 0.03% |
In most situations, you will find what you need at Fidelity. There are a few downsides. Fidelity does not offer cryptocurrency investing. The company is also missing some features found on other investment platforms, like futures trading and paper trading, where you can practice trading.
Performance and Cost. As the innovator of index funds, Vanguard offers an impressive range of index funds today with low expense ratios. Fidelity has a comparable selection of funds, but its fees generally aren't as competitive as Vanguard's. That said, Fidelity does offer some zero-cost funds for its customers.
While Fidelity wins out overall, Vanguard is the best option for retirement savers. Its platform offers tools and education focused specifically on retirement planning.
- The Best Fidelity ETFs of April 2024.
- Fidelity MSCI Information Technology Index ETF (FTEC)
- Fidelity Sustainable U.S. Equity ETF (FSST)
- Fidelity High Dividend ETF (FDVV)
- Fidelity Low Volatility Factor ETF (FDLO)
- Fidelity Low Duration Bond Factor ETF (FLDR)
- Fidelity Electric Vehicles and Future Transportation ETF (FDRV)
What is the downside to an ETF?
At any given time, the spread on an ETF may be high, and the market price of shares may not correspond to the intraday value of the underlying securities. Those are not good times to transact business. Make sure you know what an ETF's current intraday value is as well as the market price of the shares before you buy.
- Fidelity Blue Chip Value ETF. (FBCV) High cap/overall.
- Fidelity Total Bond ETF. (FBND) Fixed income.
- Fidelity Low Volatility Factor ETF. (FDLO) Riding out market volatility.
- Fidelity Clean Energy ETF. (FRNW) The “E” your ESG portfolio.
- Fidelity Women's Leadership ETF. (FDWM)
FXAIX pays dividends quarterly.
Ways to Invest in the S&P 500
The easiest way is to invest in an S&P 500 index fund. You can do this in a tax-advantaged account like a 401(k), IRA, HSA, or 529 plan. You could also open a taxable brokerage account to purchase an S&P 500 index fund.
The fund invests, under normal circ*mstances, all, or substantially all, of its assets in common stocks represented in the S&P 500® Equal Weight Index, and in derivatives and other instruments that have economic characteristics similar to such securities.
