FVAL vs VOO: Differences, Returns & Fees
FVAL and VOO hold 54% of their weight in the same names, and FVAL returned +20.9% over the year. Net assets on Sep 30, 2026: $1.4bn for Fidelity Value Factor ETF and $1.0tn for Vanguard S&P 500 ETF.
VOO costs 0.12 points a year less; their one-year returns differ by 3.6 points; VOO is far larger, $1.0tn against $1.4bn.
| FVAL | VOO | |
|---|---|---|
| Expense ratio | 0.15% | 0.03% |
| Net assets, as of Sep 30, 2026 | $1.4bn | $1.0tn |
| Total return, 1 year | +20.9% | +17.3% |
| What it tracks | Fidelity U.S. Value Factor Index | S&P 500 Index |
| Holdings in common | 54% | |
| Top ten holdings, share of the fund | 42.3% | 37.8% |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026.
What they hold in common
By the books each fund has filed, FVAL and VOO hold 54% 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 Aug 31, 2026.
half
54% in common
On the same fields
FVAL and VOO 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 VOO
VOO tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Aug 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 37.8%.
Questions people ask
- Which returned more over the last year, FVAL or VOO?
- In the year to Oct 9, 2026, with distributions reinvested, FVAL returned +20.9% and VOO +17.3%.
- Which is cheaper, FVAL or VOO?
- VOO 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.
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.
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ETFIQ, FVAL against VOO, data as of Oct 9, 2026. https://etfiq.com/compare/any/fval-vs-voo
ETFIQ. (Oct 9, 2026). FVAL against VOO. Retrieved from https://etfiq.com/compare/any/fval-vs-voo
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