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FVAL vs ITOT: Differences, Returns & Fees

FVAL and ITOT hold 43% of their weight in the same names, and FVAL returned +20.9% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Value Factor ETF, and $98.1bn on Oct 9, 2026 for iShares Core S&P Total U.S. Stock Market ETF.

ITOT costs 0.12 points a year less; their one-year returns differ by 4.1 points; ITOT is far larger, $95.9bn against $1.4bn.

FVAL vs ITOT: Differences, Returns & Fees
FVALITOT
Expense ratio0.15%0.03%
Net assets, as of Sep 30, 2026$1.4bn$95.9bn
Total return, 1 year+20.9%+16.8%
What it tracksFidelity U.S. Value Factor IndexS&P Total U.S. Stock Market
Holdings in common43%
Top ten holdings, share of the fund42.3%34.8%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+20.9%
FVAL total return, 1 year
+16.8%
ITOT total return, 1 year
0.15%
FVAL expense ratio
0.03%
ITOT expense ratio

What they hold in common

By the books each fund has filed, FVAL and ITOT hold 43% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 9, 2026.

half

43% in common

Positions both hold, largest shared weight first
Holding FVAL ITOT
NVIDIA CORP 7.71% 7.35%
APPLE INC 7.24% 6.51%
MICROSOFT CORP 5.65% 5.26%
AMAZON.COM INC 4.39% 3.41%
ALPHABET INC 5.63% 2.73%
BROADCOM INC 3.42% 2.28%
META PLATFORMS INC 1.96% 2.10%
MICRON TECHNOLOGY INC 2.67% 1.54%
EXXONMOBIL HOLDINGS CORP 1.11% 0.92%
VISA INC 1.45% 0.87%
WALMART INC 0.95% 0.66%
ABBVIE INC 1.14% 0.65%
Only in FVAL
BERKSHIRE HATHAWAY INC DEL 1.86%
ELI LILLY and CO 1.76%
JOHNSON and JOHNSON 1.36%
MERCK and CO INC 0.94%
TRAVELERS COS INC 0.77%
PROCTER and GAMBLE CO 0.75%
CHEVRON CORP NEW 0.71%
CENTENE CORP DEL 0.70%
Only in ITOT
ALPHABET CLASS C 2.19%
TESLA INC 1.43%
ADVANCED MICRO DEVICES 1.31%
BERKSHIRE HATHAWAY INC CLASS B 1.27%
ELI LILLY 1.25%
JPMORGAN CHASE & CO 1.17%
JOHNSON & JOHNSON 0.83%
INTEL CORPORATION 0.69%

Check overlap with more funds →

On the same fields

FVAL
Fidelity Value Factor ETF
ITOT
iShares Core S&P Total U.S. Stock Market ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity iShares
What it is Tracks an index Tracks the S&P Total U.S. Stock Market
Total return, 1 year +20.9% +16.8%
Expense ratio 0.15% 0.03%
Already in the S&P 500 91.8% 88.1%
Holdings 124 2459
Net assets, FVAL as of Sep 30, 2026 and ITOT as of Oct 9, 2026 $1.4bn $98.1bn

FVAL and ITOT on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About FVAL

FVAL tracks an index. Over the year to Oct 9, 2026 it returned +20.9% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 124 positions, with the top ten at 42.3%.

About ITOT

ITOT tracks the S&P Total U.S. Stock Market. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 9, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,459 positions, with the top ten at 34.8%.

Questions people ask

Which returned more over the last year, FVAL or ITOT?
In the year to Oct 9, 2026, with distributions reinvested, FVAL returned +20.9% and ITOT +16.8%.
Which is cheaper, FVAL or ITOT?
ITOT is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FVAL and ITOT overlap with the S&P 500?
By their latest filed holdings, 92% of FVAL and 88% of ITOT by weight is stocks the S&P 500 already holds.
Other comparisons
FVAL vs VIGFVAL vs SCHXFVAL vs VVFVAL vs SPYMITOT vs QVMLITOT vs QLCITOT vs SPHBITOT vs QDPL
FVAL on its own →ITOT on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FVAL filings on SEC EDGAR ↗FVAL prospectus with the expense ratio (SEC) ↗Fidelity website ↗ITOT filings on SEC EDGAR ↗ITOT prospectus with the expense ratio (SEC) ↗iShares page for ITOT ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FVAL against ITOT, data as of Oct 9, 2026. https://etfiq.com/compare/any/fval-vs-itot

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.