Fidelity ZERO Total Market Index (FZROX)
Editor's ChoiceFidelity
4.7
0.00% expense ratio. Broad U.S. market exposure. $0 minimum. Fidelity exclusive.
Editorial score
4.7 / 5
Product type
index fund etf
Our take
FZROX is the world's first zero-expense-ratio total market index fund — you pay literally nothing in fund fees. Tracks the Fidelity U.S. Total Investable Market Index with broad exposure to large, mid, and small-cap U.S. stocks.
Pros and cons
Pros
- +Literally 0.00% expense ratio
- +Literally 0.00% expense ratio
- +Broad total U.S. market exposure
- +Broad total U.S. market exposure
- +$0 minimum investment
- +$0 minimum investment
Cons
- −Only available at Fidelity
- −Only available at Fidelity
- −Slightly smaller index than VTI
- −Slightly smaller index than VTI
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Full details
| key features | Zero expense ratio, total U.S. market, Fidelity exclusive, no minimum |
| expense ratio | 0 |
| account minimum | $0 |
| headline metric | 0.00% expense ratio |
| secondary metric | Fidelity exclusive |
| expense ratio display | 0.00% |
Frequently asked questions
What fees should I watch for with Fidelity ZERO Total Market Index (FZROX)?
Check expense ratios on funds, trading commissions, account maintenance fees, and margin rates if you borrow. Fee-free trading does not always mean zero costs.
Is Fidelity ZERO Total Market Index (FZROX) a good fit for beginners?
FZROX is the world's first zero-expense-ratio total market index fund — you pay literally nothing in fund fees. Tracks the Fidelity U.S. Total Investable Market Index with broad exposure to large, mid, and small-cap U.S. stocks.
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Verified Apr 2026
Fidelity ZERO Total Market Index (FZROX)