FAYZX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Multi-Asset Income Fund Class I (FAYZX) and Fidelity ZERO Total Market Index Fund (FZROX).
FAYZX is managed by Fidelity. It was launched on Sep 9, 2015. FZROX is managed by Fidelity.
Performance
FAYZX vs. FZROX - Performance Comparison
Loading graphics...
FAYZX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FAYZX Fidelity Advisor Multi-Asset Income Fund Class I | 0.32% | 14.13% | 9.59% | 11.73% | -13.69% | 17.17% | 16.39% | 23.15% | -3.56% |
FZROX Fidelity ZERO Total Market Index Fund | -6.77% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Returns By Period
In the year-to-date period, FAYZX achieves a 0.32% return, which is significantly higher than FZROX's -6.77% return.
FAYZX
- 1D
- -0.39%
- 1M
- -6.13%
- YTD
- 0.32%
- 6M
- 0.27%
- 1Y
- 16.77%
- 3Y*
- 9.65%
- 5Y*
- 5.88%
- 10Y*
- 8.62%
FZROX
- 1D
- -0.45%
- 1M
- -7.71%
- YTD
- -6.77%
- 6M
- -4.49%
- 1Y
- 14.82%
- 3Y*
- 16.81%
- 5Y*
- 10.36%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FAYZX vs. FZROX - Expense Ratio Comparison
FAYZX has a 0.80% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FAYZX vs. FZROX — Risk / Return Rank
FAYZX
FZROX
FAYZX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Multi-Asset Income Fund Class I (FAYZX) and Fidelity ZERO Total Market Index Fund (FZROX). 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.
| FAYZX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 0.84 | +0.62 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.30 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.05 | +1.00 |
Martin ratioReturn relative to average drawdown | 7.74 | 5.11 | +2.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FAYZX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 0.84 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.60 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.61 | +0.28 |
Correlation
The correlation between FAYZX and FZROX is 0.85, 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
FAYZX vs. FZROX - Dividend Comparison
FAYZX's dividend yield for the trailing twelve months is around 3.49%, more than FZROX's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FAYZX Fidelity Advisor Multi-Asset Income Fund Class I | 3.49% | 3.77% | 3.51% | 4.21% | 3.73% | 2.79% | 3.27% | 2.82% | 2.96% | 3.34% | 8.29% |
FZROX Fidelity ZERO Total Market Index Fund | 1.10% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAYZX vs. FZROX - Drawdown Comparison
The maximum FAYZX drawdown since its inception was -21.64%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FAYZX and FZROX.
Loading graphics...
Drawdown Indicators
| FAYZX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -34.96% | +13.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -12.44% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | -25.12% | +6.99% |
Max Drawdown (10Y)Largest decline over 10 years | -21.64% | — | — |
Current DrawdownCurrent decline from peak | -6.47% | -8.89% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -5.61% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.56% | -0.46% |
Volatility
FAYZX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor Multi-Asset Income Fund Class I (FAYZX) is 3.97%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.41%. This indicates that FAYZX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FAYZX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 4.41% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 9.34% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 18.49% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.77% | 17.40% | -7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.76% | 20.25% | -10.49% |