FCBAX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Corporate Bond Fund Class A (FCBAX) and Fidelity ZERO Total Market Index Fund (FZROX).
FCBAX is managed by Fidelity. It was launched on May 4, 2010. FZROX is managed by Fidelity.
Performance
FCBAX vs. FZROX - Performance Comparison
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FCBAX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -1.25% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -0.98% |
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, FCBAX achieves a -1.25% return, which is significantly higher than FZROX's -6.77% return.
FCBAX
- 1D
- 0.57%
- 1M
- -2.76%
- YTD
- -1.25%
- 6M
- -0.55%
- 1Y
- 3.77%
- 3Y*
- 4.28%
- 5Y*
- 0.03%
- 10Y*
- 2.48%
FZROX
- 1D
- -0.45%
- 1M
- -7.71%
- YTD
- -6.77%
- 6M
- -4.49%
- 1Y
- 14.82%
- 3Y*
- 16.81%
- 5Y*
- 10.36%
- 10Y*
- —
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FCBAX vs. FZROX - Expense Ratio Comparison
FCBAX has a 0.77% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FCBAX vs. FZROX — Risk / Return Rank
FCBAX
FZROX
FCBAX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class A (FCBAX) 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.
| FCBAX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.84 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.30 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.05 | +0.40 |
Martin ratioReturn relative to average drawdown | 4.62 | 5.11 | -0.49 |
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
| FCBAX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.84 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.60 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.61 | +0.02 |
Correlation
The correlation between FCBAX and FZROX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCBAX vs. FZROX - Dividend Comparison
FCBAX's dividend yield for the trailing twelve months is around 3.56%, more than FZROX's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.56% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
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% | 0.00% |
Drawdowns
FCBAX vs. FZROX - Drawdown Comparison
The maximum FCBAX drawdown since its inception was -23.56%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FCBAX and FZROX.
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Drawdown Indicators
| FCBAX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -34.96% | +11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -12.44% | +9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.44% | -25.12% | +1.68% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | — | — |
Current DrawdownCurrent decline from peak | -4.81% | -8.89% | +4.08% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -5.61% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.56% | -1.52% |
Volatility
FCBAX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor Corporate Bond Fund Class A (FCBAX) is 1.85%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.41%. This indicates that FCBAX 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
| FCBAX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 4.41% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 9.34% | -6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 18.49% | -13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 17.40% | -10.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 20.25% | -14.32% |