Fidelity's Total Stock Market Index fund?

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investor9999
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Fidelity's Total Stock Market Index fund?

Post by investor9999 »

Hello All,

I have what I think is a fairly simple question.

I am trying to find the Fidelity fund that is the equivalent of Vanguard's Total Stock Market Index Admiral Fund (VTSAX, expense ratio 0.0400%; invested in 3,941 securities).

Would that be:

Fidelity Zero Total Market Index Fund (FZROX, expense ratio of 0%; invested in 2,797 securities)

or

Fidelity 500 Index Fund (FXAIX, espense ratio of 0.015%, invested in 506 securities, has a slightly better performance)

or something else? I am just looking to keep it simple by buying Fidelity's Stock Market Index Fund.

Thanks for any input. By the way, this is for a Roth IRA, not a taxable account.
Last edited by investor9999 on Fri Mar 24, 2023 5:15 pm, edited 1 time in total.
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CAsage
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Re: Fidelity's Total Stock Market Index fund?

Post by CAsage »

Consider FSKAX. If one searches the Fidelity site, choosing only index and Fidelity funds, then sort by expense ratio you can find them. Fidelity overall tends to push or publicize their managed funds first.
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mkc
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Re: Fidelity's Total Stock Market Index fund?

Post by mkc »

FSKAX. Be careful with the zero funds - not recommended for a taxable account because they are proprietary/non-transferable and would have to be sold if you wanted to move to a different brokerage.
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TheTimeLord
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Re: Fidelity's Total Stock Market Index fund?

Post by TheTimeLord »

investor9999 wrote: Fri Mar 24, 2023 11:44 am Hello All,

I have what I think is a fairly simple question.

I am trying to find the Fidelity fund that is the equivalent of Vanguard's Total Stock Market Index Admiral Fund (VTSAX, expense ratio 0.0400%; invested in 3,941 securities).

Would that be:

Fidelity Zero Total Market Index Fund (FZROX, expense ratio of 0%; invested in 2,797 securities)

or

Fidelity 500 Index Fund (FXAIX, espense ratio of 0.015%, invested in 506 securities, has a slightly better performance)

or something else? I am just looking to keep it simple by buying Fidelity's Stock Market Index Fund.

Thanks for any input.
If that is what you are interested in have you considered buying the Vanguard's Total Stock Market Index ETF (VTI). At Fidelity it should be commission free and Fidelity supports fractional shares.
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djshackesq
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Re: Fidelity's Total Stock Market Index fund?

Post by djshackesq »

It's FSKAX, and even cheaper than Vanguard's. See https://fundresearch.fidelity.com/mutua ... /315911693.
tonyclifton
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Re: Fidelity's Total Stock Market Index fund?

Post by tonyclifton »

If you want that fund, buy the ETF version. At Fidelity, you can buy fractional shares. So if you had $200 to invest you can buy $200 worth of VTI. There are no extra fees for buying this way. This is how I am buying the VXUS ETF. Each paycheck I buy $139.00 worth just as if it was a mutual fund.
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dual
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Re: Fidelity's Total Stock Market Index fund?

Post by dual »

I invested in FSKAK and found that it generated substantially more capital gains dividends than the vanguard total stock market index fund.

Edit. I also recommend using VTI instead of FSKAK
Tom_T
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Re: Fidelity's Total Stock Market Index fund?

Post by Tom_T »

Will Fidelity reinvest dividends on a Vanguard ETF?
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investor9999
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Re: Fidelity's Total Stock Market Index fund?

Post by investor9999 »

@CAsage, @mkc, @djshackesq, Thanks for the recommendation to look into FSKAX. We'll follow up. Seems like several votes of confidence on that one.
@mkc - this is for a Roth IRA, not a taxable account - I should have said that.
@TheTimeLord - yes, we are familiar with Vanguard's Total Stock Market Index ETF (VTI) - we just were looking for a Fidelity fund this time, rather than a Vanguard one held by Fidelity.
@Tom_T - I believe Fidelity will reinvest dividends on a Vanguard ETF.
@dual, it's FSKAX, right? (not FSKAK - I did an internet search for that and didn't come up with anything?)
Thanks, @tonyclifton, for your input.
Thanks, everyone! Much appreciated!
UpperNwGuy
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Re: Fidelity's Total Stock Market Index fund?

Post by UpperNwGuy »

dual wrote: Fri Mar 24, 2023 12:23 pm I invested in FSKAK and found that it generated substantially more capital gains dividends than the vanguard total stock market index fund.
What years would that have been? I don't think that was the case in 2019 and 2020, the two years that I owned both FSKAX and VTSAX at the same time.
3000
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Re: Fidelity's Total Stock Market Index fund?

Post by 3000 »

dual wrote: Fri Mar 24, 2023 12:23 pm I invested in FSKAK and found that it generated substantially more capital gains dividends than the vanguard total stock market index fund.

Edit. I also recommend using VTI instead of FSKAK
The last time FSKAX had a Capital Gain was 4/12/19. Here is its Capital Gains History

Date..........Per Share Amount....Reinvestment Price
4/12/19......$0.127.................$82.34
12/28/18.....$0.064.................$69.97
12/14/18....$0.258.................$73.28
4/11/18......$0.016................$75.76
the_wiki
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Re: Fidelity's Total Stock Market Index fund?

Post by the_wiki »

investor9999 wrote: Fri Mar 24, 2023 5:14 pm
@mkc - this is for a Roth IRA, not a taxable account - I should have said that.
Yeah, I'd just get FSKAX - Fidelity Total Market index to keep it simple.

You can see from this comparison they are virtually identical and have returns so identical it looks like there is only one stock on the graph.

https://www.portfoliovisualizer.com/fun ... bols=VTSAX
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dual
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Re: Fidelity's Total Stock Market Index fund?

Post by dual »

UpperNwGuy wrote: Fri Mar 24, 2023 5:21 pm
dual wrote: Fri Mar 24, 2023 12:23 pm I invested in FSKAK and found that it generated substantially more capital gains dividends than the vanguard total stock market index fund.
What years would that have been? I don't think that was the case in 2019 and 2020, the two years that I owned both FSKAX and VTSAX at the same time.
My experience was in the period from about 2010 to 2020. I owned both FSKAK and VTSAX and I would receive capital gains dividends from FSKAK but none from VTSAX.

Edit. This website shows “ordinary dividends” but no capital gains distributions for VTSAX throughout the 2010s. Scroll to the bottom and expand the listing

https://www.dividend.com/funds/vtsax- ... idx-adm/

See also this website that explicitly shows no capital gains distributions during the 2010s

https://www.wsj.com/market-data/quote ... nd/VTSAX

Edit. Typo FSKAK -> FSKAX
Last edited by dual on Sun Mar 26, 2023 1:10 am, edited 1 time in total.
OldSport
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Re: Fidelity's Total Stock Market Index fund?

Post by OldSport »

dual wrote: Sat Mar 25, 2023 11:43 am
UpperNwGuy wrote: Fri Mar 24, 2023 5:21 pm
dual wrote: Fri Mar 24, 2023 12:23 pm I invested in FSKAK and found that it generated substantially more capital gains dividends than the vanguard total stock market index fund.
What years would that have been? I don't think that was the case in 2019 and 2020, the two years that I owned both FSKAX and VTSAX at the same time.
My experience was in the period from about 2010 to 2020. I owned both FSKAK and VTSAX and I would receive capital gains dividends from FSKAK but none from VTSAX.

Edit. This website shows “ordinary dividends” but no capital gains distributions for VTSAX throughout the 2010s. Scroll to the bottom and expand the listing

https://www.dividend.com/funds/vtsax- ... idx-adm/

See also this website that explicitly shows no capital gains distributions during the 2010s

https://www.wsj.com/market-data/quote ... nd/VTSAX
I've read that Vanguard had a special "patent" where their index MF have much lower capital gains than their competitors when the MF also has a Vanguard ETF option.

Since this a Roth IRA, FSKAX is more than fine. Also heard that Vanguard's patent will be expiring soon or maybe it has recently expired, such that the other funds would get better at this.
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Re: Fidelity's Total Stock Market Index fund?

Post by CletusCaddy »

FZROX has crushed VTSAX since inception. Turns out there is a way to build a better mousetrap
dukeblue219
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Re: Fidelity's Total Stock Market Index fund?

Post by dukeblue219 »

CletusCaddy wrote: Sat Mar 25, 2023 12:42 pm FZROX has crushed VTSAX since inception. Turns out there is a way to build a better mousetrap
Uh, citation needed....

I checked portfolio visualizer and I see 13.28% for FZROX and 13.12% CAGR for VTSAX since Jan 2019 (FZROX started in Aug 2018).

The difference is the fees over four year almost precisely.
Last edited by dukeblue219 on Sat Mar 25, 2023 12:55 pm, edited 1 time in total.
CletusCaddy
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Re: Fidelity's Total Stock Market Index fund?

Post by CletusCaddy »

dukeblue219 wrote: Sat Mar 25, 2023 12:49 pm
CletusCaddy wrote: Sat Mar 25, 2023 12:42 pm FZROX has crushed VTSAX since inception. Turns out there is a way to build a better mousetrap
Uh, citation needed....
Ask and ye shall receive
https://www.portfoliovisualizer.com/fun ... mark=VTSAX
dukeblue219
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Re: Fidelity's Total Stock Market Index fund?

Post by dukeblue219 »

CletusCaddy wrote: Sat Mar 25, 2023 12:54 pm
dukeblue219 wrote: Sat Mar 25, 2023 12:49 pm
CletusCaddy wrote: Sat Mar 25, 2023 12:42 pm FZROX has crushed VTSAX since inception. Turns out there is a way to build a better mousetrap
Uh, citation needed....
Ask and ye shall receive
https://www.portfoliovisualizer.com/fun ... mark=VTSAX
Your definition of crushed is not mine, then. They've performed virtually identically with the exception of fees.
anil686
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Re: Fidelity's Total Stock Market Index fund?

Post by anil686 »

CletusCaddy wrote: Sat Mar 25, 2023 12:54 pm
dukeblue219 wrote: Sat Mar 25, 2023 12:49 pm
CletusCaddy wrote: Sat Mar 25, 2023 12:42 pm FZROX has crushed VTSAX since inception. Turns out there is a way to build a better mousetrap
Uh, citation needed....
Ask and ye shall receive
https://www.portfoliovisualizer.com/fun ... mark=VTSAX
Is there a way to calculate after tax performance (on distributions)? Just wondering if the impact of capital gains impacts the result any…. Agree in a tax advantaged account….
CletusCaddy
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Re: Fidelity's Total Stock Market Index fund?

Post by CletusCaddy »

dukeblue219 wrote: Sat Mar 25, 2023 12:56 pm
CletusCaddy wrote: Sat Mar 25, 2023 12:54 pm
dukeblue219 wrote: Sat Mar 25, 2023 12:49 pm
CletusCaddy wrote: Sat Mar 25, 2023 12:42 pm FZROX has crushed VTSAX since inception. Turns out there is a way to build a better mousetrap
Uh, citation needed....
Ask and ye shall receive
https://www.portfoliovisualizer.com/fun ... mark=VTSAX
Your definition of crushed is not mine, then. They've performed virtually identically with the exception of fees.
VTSAX does not have a fee of 0.14%

0.1% annual alpha on something like a Total Market Index Fund is unheard of
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David Jay
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Re: Fidelity's Total Stock Market Index fund?

Post by David Jay »

I hold FZROX in Roth. No problem with selling in the future if conditions change.
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Re: Fidelity's Total Stock Market Index fund?

Post by ruralavalon »

For something else most equivalent to VTSAX I suggest Fidelity® Total Market Index (FSKAX) ER 0.015%.
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Re: Fidelity's Total Stock Market Index fund?

Post by mervinj7 »

investor9999 wrote: Fri Mar 24, 2023 11:44 am Hello All,

I have what I think is a fairly simple question.

I am trying to find the Fidelity fund that is the equivalent of Vanguard's Total Stock Market Index Admiral Fund (VTSAX, expense ratio 0.0400%; invested in 3,941 securities).
Easy. Check the wiki.
https://www.bogleheads.org/wiki/Fidelity
A Random Fellow
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Re: Fidelity's Total Stock Market Index fund?

Post by A Random Fellow »

I hold exclusively FZROX and FZILX in my Roth. Because they are proprietary, there's no concern about being deemed substantially similar. And I don't do tax loss harvesting in my Roth account, so if I ever change brokerages, I can swap them in a day or two for VTI and go from there. FSKAX is good too.

Not much of a fee either way, but I also am happy to save miniscule percents. A few bucks saved each year never hurt me.
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Re: Fidelity's Total Stock Market Index fund?

Post by dogagility »

I hold FZROX in Roth. No problem with selling in the future if conditions change.
+1 We use FZROX for our IRAs. We like the concept of no fees.
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