EYEG vs. FNILX
EYEG (AB Corporate Bond ETF) and FNILX (Fidelity ZERO Large Cap Index Fund) are both funds - EYEG is a Corporate Bonds fund actively managed by AllianceBernstein, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past year, EYEG returned 4.98% vs 26.85% for FNILX. At a 0.31 correlation, their price movements are largely independent. EYEG charges 0.30%/yr vs 0.00%/yr for FNILX.
Performance
EYEG vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, EYEG achieves a 0.47% return, which is significantly lower than FNILX's 10.04% return.
EYEG
- 1D
- -0.24%
- 1M
- 0.58%
- YTD
- 0.47%
- 6M
- 0.69%
- 1Y
- 4.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNILX
- 1D
- 1.13%
- 1M
- 0.71%
- YTD
- 10.04%
- 6M
- 9.55%
- 1Y
- 26.85%
- 3Y*
- 21.23%
- 5Y*
- 13.82%
- 10Y*
- —
EYEG vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EYEG AB Corporate Bond ETF | 0.47% | 7.42% | 3.17% | 1.41% |
FNILX Fidelity ZERO Large Cap Index Fund | 10.04% | 17.81% | 25.47% | 2.82% |
Correlation
The correlation between EYEG and FNILX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | 0.31 |
The correlation between EYEG and FNILX shifts across timeframes, from 0.31 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EYEG vs. FNILX — Risk / Return Rank
EYEG
FNILX
EYEG vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Corporate Bond ETF (EYEG) 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.
| EYEG | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.38 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.96 | -1.20 |
| Martin ratioReturn relative to average drawdown | 5.06 | 13.10 | -8.04 |
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Drawdowns
EYEG vs. FNILX - Drawdown Comparison
The maximum EYEG drawdown since its inception was -4.66%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for EYEG and FNILX.
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Drawdown Indicators
| EYEG | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.66% | -33.76% | +29.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -9.01% | +6.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.40% | — |
Current DrawdownCurrent decline from peak | -0.85% | -1.36% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -5.35% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.03% | -1.04% |
Volatility
EYEG vs. FNILX - Volatility Comparison
The current volatility for AB Corporate Bond ETF (EYEG) is 1.13%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.91%. This indicates that EYEG experiences smaller price fluctuations and is considered to be less risky 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
| EYEG | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 4.91% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 9.97% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 12.58% | -8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 17.35% | -11.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 20.04% | -14.59% |
EYEG vs. FNILX - Expense Ratio Comparison
EYEG has a 0.30% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Dividends
EYEG vs. FNILX - Dividend Comparison
EYEG's dividend yield for the trailing twelve months is around 4.93%, more than FNILX's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EYEG AB Corporate Bond ETF | 4.93% | 4.94% | 6.07% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNILX Fidelity ZERO Large Cap Index Fund | 0.92% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
Frequently Asked Questions
EYEG and FNILX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNILX has higher volatility (4.91%) compared to EYEG (1.13%). In terms of maximum drawdown, EYEG dropped -4.66% vs FNILX's -33.76%.
FNILX currently has the higher Sharpe Ratio (2.12 vs 1.16), 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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