Vanguard vs Fidelity
V
Vanguard
Client-owned investment company specializing in low-cost index funds and long-term wealth building.
Long-term buy-and-hold index investors
VS
Fidelity
Full-service brokerage offering diverse investments, trading tools, and financial advisory services.
All-around investing and active traders
Short Answer
Vanguard pioneered low-cost index investing and manages $8T+ in assets with the world's lowest average expense ratios. Fidelity offers zero expense ratio index funds, better account features, a wider range of services, and superior trading platforms.
Our Verdict
Both are excellent. Fidelity edges out for overall features and usability. Vanguard remains the gold standard for buy-and-hold index investors.
Vanguard6.3
8.8Fidelity
Choose Vanguard if
Long-term buy-and-hold index investors
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Key Differences at a Glance
📅
Assets Under Management: Fidelity wins ($12T+ vs $8T+)
🔹
Lowest Expense Ratio: Fidelity wins (0.00% (FZROX) vs ~0.03% (VOO))
🔹
Trading Platform Quality: Fidelity wins (Excellent (Active Trader Pro) vs Basic)
Key Facts & Figures
| Metric | Vanguard | Fidelity | Diff |
|---|---|---|---|
| Assets Under Management(USD) | $8 Trillion+ | $12 Trillion+ | -33% |
| Mobile App Rating(stars out of 5) | 4.5/5 | — | — |
| Stock Trading Commission(USD per trade) | Free | — | — |
| ETF Expense Ratio (Average)(%) |
Key Differences
Vanguard
Attribute
Fidelity
$8T+
Assets Under Management
$12T+🏆
~0.03% (VOO)
Lowest Expense Ratio
0.00% (FZROX)🏆
Basic
Trading Platform Quality
Excellent (Active Trader Pro)🏆
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Last updated: March 19, 2026Human reviewed
