FZROX and FSKAX are two of the most popular mutual funds available today.
Both funds invest in large-cap stocks and have a similar investment strategy. However, investors should be aware of some key differences between the two.
FZROX: Fidelity ZERO Total Market Index Fund
The Fidelity ZERO Total Market Index Fund (FZROX) is a mutual fund that seeks to provide investors with exposure to the entire U.S. stock market by investing in a broad range of U.S. equity securities.
The fund invests in stocks with market values greater than $10 billion. The fund is managed by Fidelity Investments, one of the largest asset managers in the world, with over $11 trillion in assets under management.
FSKAX: Fidelity Total Market Index Fund
The Fidelity Total Market Index Fund (FSKAX) is a mutual fund seeking to provide investment results corresponding to the total U.S. stock market.
The fund invests in a variety of U.S. common stocks. It seeks to track the performance of the Dow Jones U.S. Total Stock Market Index, which covers approximately 99% of the investable U.S. equity market.
FSKAX has a net expense ratio of 0.015%.
FZROX vs. FSKAX: Comparison Details
|Funds||Fidelity® ZERO Total Market Index Fund||Fidelity® Total Market Index Fund|
|3-year total return||+25.81%||+25.72%|
|3-year standard deviation||18.21%||18.21%|
|Min. initial investment||0.00||0.00|
|Net expense ratio||0.00%||0.02%|
|Total net assets||13.26bn USD||77.51bn USD|
|Morningstar category||Large Blend||Large Blend|
FZROX vs FSKAX: Key differences
The biggest difference between FZROX and FSKAX is their expense ratios.
FZROX charges no fee, while FSKAX charges 0.02%, or $2 for every $10,000 invested.
Investors can expect the two funds to have similar holdings and performance. Their overall portfolio contains the same stocks.
FZROX vs. FSKAX: Which one is better?
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