FAGCX vs. FZILX

Last updated Jun 4, 2026

FAGCX (Fidelity Advisor Growth Opportunities Fund Class I) and FZILX (Fidelity ZERO International Index Fund) are both mutual funds - FAGCX is a Large Cap Growth Equities fund managed by Fidelity, while FZILX is a Foreign Large Cap Equities fund tracking the Fidelity Global ex U.S. Index. Over the past 5 years, FAGCX returned 16.08%/yr vs 9.43%/yr for FZILX. A 0.71 correlation means they provide meaningful diversification when combined. FAGCX charges 0.79%/yr vs 0.00%/yr for FZILX.

Performance

FAGCX vs. FZILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) and Fidelity ZERO International Index Fund (FZILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FAGCX having a 16.86% return and FZILX slightly lower at 16.29%.

FAGCX

• 1D: -0.07%
• 1M: 8.79%
• YTD: 16.86%
• 6M: 18.06%
• 1Y: 40.97%
• 3Y*: 32.05%
• 5Y*: 16.08%
• 10Y*: 25.71%

FZILX

• 1D: 0.71%
• 1M: 6.20%
• YTD: 16.29%
• 6M: 19.11%
• 1Y: 34.60%
• 3Y*: 20.62%
• 5Y*: 9.43%
• 10Y*: —

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

FAGCX vs. FZILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	16.86%	22.47%	39.06%	45.51%	-32.60%	16.63%	74.20%	47.51%	-6.02%
FZILX Fidelity ZERO International Index Fund	16.29%	33.52%	5.32%	16.28%	-15.96%	8.19%	11.06%	21.69%	-9.38%

Correlation

The correlation between FAGCX and FZILX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Aug 17, 2018	0.71

The correlation between FAGCX and FZILX has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

Return for Risk

FAGCX vs. FZILX — Risk / Return Rank

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

FAGCX

FAGCX Risk / Return Rank: 52
FAGCX Sharpe Ratio Rank: 62
FAGCX Sortino Ratio Rank: 50
FAGCX Omega Ratio Rank: 52
FAGCX Calmar Ratio Rank: 47
FAGCX Martin Ratio Rank: 47

FZILX

FZILX Risk / Return Rank: 60
FZILX Sharpe Ratio Rank: 64
FZILX Sortino Ratio Rank: 57
FZILX Omega Ratio Rank: 60
FZILX Calmar Ratio Rank: 62
FZILX Martin Ratio Rank: 60

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.

FAGCX vs. FZILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) and Fidelity ZERO International Index Fund (FZILX). 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.

	FAGCX	FZILX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.34	-0.03
Sortino ratio: Return per unit of downside risk	2.99	3.18	-0.19
Omega ratio: Gain probability vs. loss probability	1.40	1.43	-0.03
Calmar ratio: Return relative to maximum drawdown	2.62	3.04	-0.42
Martin ratio: Return relative to average drawdown	9.81	11.91	-2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAGCX vs. FZILX - Sharpe Ratio Comparison

The current FAGCX Sharpe Ratio is 2.31, which is comparable to the FZILX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FAGCX and FZILX, 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

	FAGCX	FZILX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.34	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.61	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.59	-0.07

Drawdowns

FAGCX vs. FZILX - Drawdown Comparison

The maximum FAGCX drawdown since its inception was -69.09%, which is greater than FZILX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FAGCX and FZILX.

Drawdown Indicators

	FAGCX	FZILX	Difference
Max Drawdown Largest peak-to-trough decline	-69.09%	-34.37%	-34.72%
Max Drawdown (1Y) Largest decline over 1 year	-16.10%	-11.24%	-4.86%
Max Drawdown (3Y) Largest decline over 3 years	-26.59%	-13.47%	-13.12%
Max Drawdown (5Y) Largest decline over 5 years	-38.72%	-29.87%	-8.85%
Max Drawdown (10Y) Largest decline over 10 years	-38.72%	—	—
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-18.75%	-6.69%	-12.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	2.86%	+1.43%

Volatility

FAGCX vs. FZILX - Volatility Comparison

The current volatility for Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) is 4.48%, while Fidelity ZERO International Index Fund (FZILX) has a volatility of 4.96%. This indicates that FAGCX experiences smaller price fluctuations and is considered to be less risky than FZILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAGCX	FZILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.96%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	14.26%	12.26%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	18.26%	14.62%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.40%	15.52%	+9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.49%	17.32%	+7.17%

FAGCX vs. FZILX - Expense Ratio Comparison

FAGCX has a 0.79% expense ratio, which is higher than FZILX's 0.00% expense ratio.

Dividends

FAGCX vs. FZILX - Dividend Comparison

FAGCX's dividend yield for the trailing twelve months is around 3.14%, more than FZILX's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	3.14%	3.67%	0.00%	0.00%	11.34%	14.14%	7.31%	7.69%	14.30%	8.00%	15.78%	16.11%
FZILX Fidelity ZERO International Index Fund	2.30%	2.67%	3.00%	2.98%	2.71%	2.61%	1.64%	2.37%	0.02%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAGCX and FZILX in my portfolio?

FAGCX and FZILX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAGCX or FZILX?

FZILX has higher volatility (4.96%) compared to FAGCX (4.48%). In terms of maximum drawdown, FAGCX dropped -69.09% vs FZILX's -34.37%.

Which has better risk-adjusted returns?

FZILX currently has the higher Sharpe Ratio (2.34 vs 2.31), 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.