BAC vs. FNILX
BAC (Bank of America Corporation) is a stock, while FNILX (Fidelity ZERO Large Cap Index Fund) is Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, BAC returned 8.79%/yr vs 13.10%/yr for FNILX. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
BAC vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, BAC achieves a 3.72% return, which is significantly lower than FNILX's 8.36% return.
BAC
- 1D
- 2.31%
- 1M
- 13.79%
- YTD
- 3.72%
- 6M
- 3.46%
- 1Y
- 30.78%
- 3Y*
- 27.43%
- 5Y*
- 8.79%
- 10Y*
- 18.19%
FNILX
- 1D
- 1.81%
- 1M
- -1.16%
- YTD
- 8.36%
- 6M
- 8.67%
- 1Y
- 24.79%
- 3Y*
- 21.29%
- 5Y*
- 13.10%
- 10Y*
- —
BAC vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 3.72% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -17.24% |
FNILX Fidelity ZERO Large Cap Index Fund | 8.36% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Correlation
The correlation between BAC and FNILX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.57 |
The correlation between BAC and FNILX shifts across timeframes, from 0.46 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BAC vs. FNILX — Risk / Return Rank
BAC
FNILX
BAC vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and Fidelity ZERO Large Cap Index Fund (FNILX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BAC | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.66 | -1.02 |
| Martin ratioReturn relative to average drawdown | 4.21 | 11.84 | -7.62 |
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Drawdowns
BAC vs. FNILX - Drawdown Comparison
The maximum BAC drawdown since its inception was -93.10%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for BAC and FNILX.
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Drawdown Indicators
| BAC | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.10% | -33.76% | -59.34% |
Max Drawdown (1Y)Largest decline over 1 year | -17.93% | -9.01% | -8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -19.08% | -8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -46.64% | -25.40% | -21.24% |
Max Drawdown (10Y)Largest decline over 10 years | -48.95% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -2.87% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -28.30% | -5.36% | -22.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.96% | 2.02% | +4.94% |
Volatility
BAC vs. FNILX - Volatility Comparison
Bank of America Corporation (BAC) has a higher volatility of 5.49% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.59%. This indicates that BAC's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAC | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 4.59% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 9.76% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 12.47% | +9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.89% | 17.32% | +9.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.68% | 20.05% | +10.63% |
Dividends
BAC vs. FNILX - Dividend Comparison
BAC's dividend yield for the trailing twelve months is around 2.72%, more than FNILX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.72% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
FNILX Fidelity ZERO Large Cap Index Fund | 0.93% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BAC and FNILX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAC has higher volatility (5.49%) compared to FNILX (4.59%). In terms of maximum drawdown, BAC dropped -93.10% vs FNILX's -33.76%.
FNILX currently has the higher Sharpe Ratio (1.92 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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