What Is the Fidelity Equivalent of VTSAX?

The Fidelity equivalent of VTSAX is FZROX (Fidelity ZERO Total Market Index Fund).

FZROX provides exposure to the entire U.S. stock market, including small-, mid-, and large-cap stocks. It has no expense ratio and has performed similarly to VTSAX over the long term.

The fund’s holdings are well diversified across different sectors.

A Quick Glance at FZROX

FundsFidelity® ZERO Total Market Index Fund
3-year total return+25.81%
3-year standard deviation18.21%
Morningstar rating⭐⭐⭐
Min. initial investment0.00
Net expense ratio0.00%
Total net assets13.26bn USD
Morningstar categoryLarge Blend
IMA sector25.81


What is the expense ratio of FZROX?

FZROX does not charge a yearly fee.

Does FZROX pay dividends?

Yes, it does. Fidelity ZERO Total Market Index Fund (FZROX) pays dividends once a year to shareholders.

Is FZROX a mutual fund?

FZROX is a Fidelity’s mutual fund, it is not an ETF.

How does FZROX make money?

FZROX is a total market fund that really only holds like 75% of the market. It’s a 0 expense ratio because it relies on lending its shares to short sellers for income.

How many stocks are in FZROX?

It has 2662 holdings as of 9/30/2021.

Is FZROX a Good Buy?

Imran M wrote –– Mar 15, 2020

I prefer FSKAX over it. FZROX distributes dividends annually and has the least number of holdings within the fund.

Joseph J wrote — Jan 18, 2021

Stephan Graham did a video on low cost index funds and FZROX seemed like the best one. Literally $0 cost expense ratio. A few of my best friends work at Fidelity and they were on that project. They definitely recommended it.

Diego, a seasoned financial analyst in New York, brings a decade of expertise to guiding financial decisions. As a blogger for UseFidelity.com, he simplifies finance, offering insights on Fidelity Investments. Beyond numbers, he explores NYC's culture and enjoys capturing moments through his photography.

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