FBLEX vs. FZROX
FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) and FZROX (Fidelity ZERO Total Market Index Fund) are both mutual funds - FBLEX is a Large Cap Value Equities fund managed by Fidelity, while FZROX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FBLEX returned 12.48%/yr vs 12.61%/yr for FZROX. Their correlation of 0.85 suggests significant overlap in exposure. FBLEX charges 0.01%/yr vs 0.00%/yr for FZROX.
Performance
FBLEX vs. FZROX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FBLEX having a 10.21% return and FZROX slightly higher at 10.41%.
FBLEX
- 1D
- -0.13%
- 1M
- 1.97%
- YTD
- 10.21%
- 6M
- 9.61%
- 1Y
- 23.97%
- 3Y*
- 19.60%
- 5Y*
- 12.48%
- 10Y*
- 12.40%
FZROX
- 1D
- -0.31%
- 1M
- 0.62%
- YTD
- 10.41%
- 6M
- 9.30%
- 1Y
- 26.02%
- 3Y*
- 21.31%
- 5Y*
- 12.61%
- 10Y*
- —
FBLEX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.21% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 25.57% | -9.72% |
FZROX Fidelity ZERO Total Market Index Fund | 10.41% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Correlation
The correlation between FBLEX and FZROX is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.85 |
The correlation between FBLEX and FZROX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
FBLEX vs. FZROX — Risk / Return Rank
FBLEX
FZROX
FBLEX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) 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.
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.
| FBLEX | FZROX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.08 | +0.55 |
| Martin ratioReturn relative to average drawdown | 14.62 | 13.77 | +0.85 |
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Drawdowns
FBLEX vs. FZROX - Drawdown Comparison
The maximum FBLEX drawdown since its inception was -39.73%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FBLEX and FZROX.
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Drawdown Indicators
| FBLEX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.73% | -34.96% | -4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -8.89% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -19.38% | +4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -19.00% | -25.12% | +6.12% |
Max Drawdown (10Y)Largest decline over 10 years | -39.73% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -1.44% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -5.48% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.98% | -0.28% |
Volatility
FBLEX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) is 3.35%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.82%. This indicates that FBLEX 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.
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Volatility by Period
| FBLEX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 4.82% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 10.10% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 12.88% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 17.53% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 20.13% | -2.72% |
FBLEX vs. FZROX - Expense Ratio Comparison
FBLEX has a 0.01% expense ratio, which is higher than FZROX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FBLEX vs. FZROX - Dividend Comparison
FBLEX's dividend yield for the trailing twelve months is around 10.08%, more than FZROX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.08% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
FZROX Fidelity ZERO Total Market Index Fund | 0.93% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FBLEX and FZROX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FZROX has higher volatility (4.82%) compared to FBLEX (3.35%). In terms of maximum drawdown, FBLEX dropped -39.73% vs FZROX's -34.96%.
FBLEX currently has the higher Sharpe Ratio (2.31 vs 2.13), 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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