FASPX vs. FNILX
Compare and contrast key facts about Fidelity Advisor Value Strategies Fund Class M (FASPX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FASPX is managed by Fidelity. It was launched on Aug 20, 1986. FNILX is managed by Fidelity.
Performance
FASPX vs. FNILX - Performance Comparison
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FASPX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FASPX Fidelity Advisor Value Strategies Fund Class M | 3.31% | 7.76% | -2.60% | 19.93% | -7.82% | 32.65% | 7.70% | 33.85% | -17.76% |
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
In the year-to-date period, FASPX achieves a 3.31% return, which is significantly higher than FNILX's -7.30% return.
FASPX
- 1D
- -0.87%
- 1M
- -8.96%
- YTD
- 3.31%
- 6M
- 7.90%
- 1Y
- 20.97%
- 3Y*
- 8.75%
- 5Y*
- 6.38%
- 10Y*
- 9.33%
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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FASPX vs. FNILX - Expense Ratio Comparison
FASPX has a 1.37% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FASPX vs. FNILX — Risk / Return Rank
FASPX
FNILX
FASPX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Strategies Fund Class M (FASPX) 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.
| FASPX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.83 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.28 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.04 | +0.20 |
Martin ratioReturn relative to average drawdown | 5.06 | 5.01 | +0.05 |
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
| FASPX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.83 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.65 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.64 | -0.24 |
Correlation
The correlation between FASPX and FNILX is 0.80, 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
FASPX vs. FNILX - Dividend Comparison
FASPX's dividend yield for the trailing twelve months is around 9.02%, more than FNILX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASPX Fidelity Advisor Value Strategies Fund Class M | 9.02% | 9.32% | 0.00% | 2.40% | 1.93% | 7.80% | 0.55% | 4.98% | 15.67% | 7.26% | 21.61% | 0.80% |
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
FASPX vs. FNILX - Drawdown Comparison
The maximum FASPX drawdown since its inception was -70.11%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FASPX and FNILX.
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Drawdown Indicators
| FASPX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.11% | -33.76% | -36.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -12.18% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -34.53% | -25.40% | -9.13% |
Max Drawdown (10Y)Largest decline over 10 years | -48.02% | — | — |
Current DrawdownCurrent decline from peak | -9.84% | -9.01% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -5.47% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 2.54% | +1.22% |
Volatility
FASPX vs. FNILX - Volatility Comparison
Fidelity Advisor Value Strategies Fund Class M (FASPX) has a higher volatility of 5.25% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.23%. This indicates that FASPX'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
| FASPX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 4.23% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 9.14% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 18.26% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 17.22% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 20.17% | +1.79% |