Here are our rankings of the best options available today and how they compare with FXAIX taking the top spot and VFIAX landing last among the top six. That does not make VFIAX a poor choice though. It is still an excellent fund, especially if it is the only option available to you.
Not all S&P 500 funds, or index funds in general, are created equal. They can differ in several ways such as fees, slight variations in performance since no fund can perfectly mirror the index, and structure whether they are mutual funds or ETFs each with their own implications and capabilities. They also vary by provider, as some are tied to specific platforms. For example, FXAIX is offered by Fidelity, but it can also be purchased through other brokerages typically with an additional fee.
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