The fund has returned 10.14 percent over the past year, 10.35 percent over the past three years, 11.00 percent over the past five years and 11.17 percent over the past decade.
The fund is passively managed, so performance could be lower than an actively managed fund. Performance of the fund also may vary from performance of the index fund it tracks. This can be attributed to transaction costs and additional fees and expenses related to the fund, among other factors.
Our recommendation for the best overall S&P 500 index fund is the Fidelity 500 Index Fund. With a 0.015% expense ratio, it's the cheapest on our list. And it doesn't have a minimum initial investment requirement, sales loads or trading fees. Over the last 10 years, FXAIX has returned an annualized 12.02%.
Fidelity 500 Index (FXAIX): Best large-cap 401(k) investment. Vanguard Mid-Cap Index Institutional (VMCIX): Best mid-cap 401(k) investment. Vanguard S&P Small-Cap 600 Index (VSMSX): Best small-cap 401(k) Investment. TIAA-CREF International Equity Index Institutional (TCIEX): Best foreign 401(k) Investment.
This low-cost structure coupled with no minimums on initial investment means FXAIX could be considered a go-to option for almost every investor interested in tracking the S&P 500 index of large-cap U.S. stocks.
One of Fidelity's top-performing funds, FBGRX is also one of its oldest. Dating back to 1987, FBGRX has managed to outperform the Russell 1000 Growth Index since inception, returning an annualized 12.9% versus 11.5%.
The year-to-date returns for both investments are quite close, with SPY having a 4.50% return and FXAIX slightly higher at 4.58%. Both investments have delivered pretty close results over the past 10 years, with SPY having a 12.19% annualized return and FXAIX not far ahead at 12.36%.
Analysts expect overall S&P 500 earnings to rise 9.5% in 2024 after increasing around 4% in 2023, LSEG data showed. But valuations have risen along with stock prices.
The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies.
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