FALAX vs. FNILX
Compare and contrast key facts about Fidelity Advisor Large Cap Fund Class A (FALAX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FALAX is managed by Fidelity. It was launched on Sep 3, 1996. FNILX is managed by Fidelity.
Performance
FALAX vs. FNILX - Performance Comparison
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FALAX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FALAX Fidelity Advisor Large Cap Fund Class A | 0.00% | 19.36% | 26.05% | 23.16% | -8.16% | 25.49% | 8.56% | 31.37% | -15.59% |
FNILX Fidelity ZERO Large Cap Index Fund | -7.30% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Returns By Period
FALAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -1.16%
- 1Y
- 22.36%
- 3Y*
- 20.31%
- 5Y*
- 13.75%
- 10Y*
- 14.35%
FNILX
- 1D
- -0.35%
- 1M
- -7.60%
- YTD
- -7.30%
- 6M
- -5.00%
- 1Y
- 14.41%
- 3Y*
- 17.43%
- 5Y*
- 11.17%
- 10Y*
- —
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FALAX vs. FNILX - Expense Ratio Comparison
FALAX has a 0.80% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FALAX vs. FNILX — Risk / Return Rank
FALAX
FNILX
FALAX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class A (FALAX) 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.
| FALAX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 0.83 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.28 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.20 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.04 | +0.09 |
Martin ratioReturn relative to average drawdown | 4.62 | 5.01 | -0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FALAX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 0.83 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.65 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.64 | -0.17 |
Correlation
The correlation between FALAX and FNILX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FALAX vs. FNILX - Dividend Comparison
FALAX's dividend yield for the trailing twelve months is around 6.03%, more than FNILX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FALAX Fidelity Advisor Large Cap Fund Class A | 6.03% | 6.03% | 6.33% | 3.46% | 2.21% | 6.69% | 5.50% | 8.65% | 17.32% | 6.41% | 2.11% | 3.02% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.09% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FALAX vs. FNILX - Drawdown Comparison
The maximum FALAX drawdown since its inception was -63.41%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FALAX and FNILX.
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Drawdown Indicators
| FALAX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.41% | -33.76% | -29.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -12.18% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -25.40% | +3.78% |
Max Drawdown (10Y)Largest decline over 10 years | -37.55% | — | — |
Current DrawdownCurrent decline from peak | -4.19% | -9.01% | +4.82% |
Average DrawdownAverage peak-to-trough decline | -14.00% | -5.47% | -8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 2.54% | +1.38% |
Volatility
FALAX vs. FNILX - Volatility Comparison
The current volatility for Fidelity Advisor Large Cap Fund Class A (FALAX) is 0.00%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.23%. This indicates that FALAX 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
| FALAX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.23% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 9.14% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 18.26% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 17.22% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 20.17% | -1.54% |