BRGKX vs. FZALX

Last updated Jun 4, 2026

BRGKX (iShares Russell 1000 Large-Cap Index Fund Class K) and FZALX (Fidelity Advisor Mega Cap Stock Fund Class Z) are both Large Cap Blend Equities funds. Over the past 10 years, BRGKX returned 15.22%/yr vs 16.71%/yr for FZALX. Their correlation of 0.93 suggests significant overlap in exposure. BRGKX charges 0.06%/yr vs 0.51%/yr for FZALX.

Performance

BRGKX vs. FZALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Large-Cap Index Fund Class K (BRGKX) and Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRGKX achieves a 11.40% return, which is significantly higher than FZALX's 10.54% return. Over the past 10 years, BRGKX has underperformed FZALX with an annualized return of 15.22%, while FZALX has yielded a comparatively higher 16.71% annualized return.

BRGKX

• 1D: 0.19%
• 1M: 5.73%
• YTD: 11.40%
• 6M: 11.33%
• 1Y: 28.09%
• 3Y*: 22.42%
• 5Y*: 13.44%
• 10Y*: 15.22%

FZALX

• 1D: -0.32%
• 1M: 3.44%
• YTD: 10.54%
• 6M: 12.47%
• 1Y: 31.53%
• 3Y*: 25.73%
• 5Y*: 16.44%
• 10Y*: 16.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRGKX vs. FZALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRGKX iShares Russell 1000 Large-Cap Index Fund Class K	11.40%	17.28%	24.44%	26.49%	-19.13%	26.24%	20.85%	31.30%	-4.86%	21.18%
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z	10.54%	27.07%	26.13%	26.63%	-8.89%	26.44%	13.06%	31.25%	-7.31%	18.01%

Correlation

The correlation between BRGKX and FZALX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Aug 21, 2013	0.93

The correlation between BRGKX and FZALX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

BRGKX vs. FZALX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRGKX

BRGKX Risk / Return Rank: 69
BRGKX Sharpe Ratio Rank: 69
BRGKX Sortino Ratio Rank: 62
BRGKX Omega Ratio Rank: 62
BRGKX Calmar Ratio Rank: 71
BRGKX Martin Ratio Rank: 81

FZALX

FZALX Risk / Return Rank: 81
FZALX Sharpe Ratio Rank: 84
FZALX Sortino Ratio Rank: 78
FZALX Omega Ratio Rank: 75
FZALX Calmar Ratio Rank: 80
FZALX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRGKX vs. FZALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Large-Cap Index Fund Class K (BRGKX) and Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX). 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.

	BRGKX	FZALX	Difference
Sharpe ratio Return per unit of total volatility	2.43	2.71	-0.28
Sortino ratio Return per unit of downside risk	3.31	3.72	-0.41
Omega ratio Gain probability vs. loss probability	1.44	1.49	-0.05
Calmar ratio Return relative to maximum drawdown	3.28	3.61	-0.33
Martin ratio Return relative to average drawdown	15.16	16.39	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRGKX vs. FZALX - Sharpe Ratio Comparison

The current BRGKX Sharpe Ratio is 2.43, which is comparable to the FZALX Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of BRGKX and FZALX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRGKX	FZALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.71	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.99	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.92	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.86	-0.07

Drawdowns

BRGKX vs. FZALX - Drawdown Comparison

The maximum BRGKX drawdown since its inception was -34.58%, roughly equal to the maximum FZALX drawdown of -35.23%. Use the drawdown chart below to compare losses from any high point for BRGKX and FZALX.

Drawdown Indicators

	BRGKX	FZALX	Difference
Max Drawdown Largest peak-to-trough decline	-34.58%	-35.23%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-8.99%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	-18.49%	-0.66%
Max Drawdown (5Y) Largest decline over 5 years	-25.13%	-23.25%	-1.88%
Max Drawdown (10Y) Largest decline over 10 years	-34.58%	-35.23%	+0.65%
Current Drawdown Current decline from peak	0.00%	-0.32%	+0.32%
Average Drawdown Average peak-to-trough decline	-4.05%	-3.78%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.98%	-0.07%

Volatility

BRGKX vs. FZALX - Volatility Comparison

iShares Russell 1000 Large-Cap Index Fund Class K (BRGKX) and Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) have volatilities of 2.84% and 2.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRGKX	FZALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.73%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	9.06%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.96%	11.98%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	16.70%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.22%	18.14%	+0.08%

BRGKX vs. FZALX - Expense Ratio Comparison

BRGKX has a 0.06% expense ratio, which is lower than FZALX's 0.51% expense ratio.

Dividends

BRGKX vs. FZALX - Dividend Comparison

BRGKX's dividend yield for the trailing twelve months is around 2.50%, less than FZALX's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRGKX iShares Russell 1000 Large-Cap Index Fund Class K	2.50%	2.77%	1.38%	1.49%	1.82%	1.88%	1.51%	2.82%	2.46%	2.31%	3.94%	4.86%
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z	3.65%	4.04%	2.83%	2.17%	4.51%	4.92%	8.14%	13.19%	21.94%	16.56%	2.12%	4.33%

Frequently Asked Questions

Can I hold both BRGKX and FZALX in my portfolio?

With a correlation of 0.94, BRGKX and FZALX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BRGKX or FZALX?

BRGKX has higher volatility (2.84%) compared to FZALX (2.73%). In terms of maximum drawdown, BRGKX dropped -34.58% vs FZALX's -35.23%.

Which has better risk-adjusted returns?

FZALX currently has the higher Sharpe Ratio (2.71 vs 2.43), 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.