FCTGX vs. FNILX
FCTGX (Fidelity Advisor Small Cap Growth Fund Class M) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - FCTGX is a Small Cap Growth Equities fund managed by Fidelity, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FCTGX returned 7.34%/yr vs 12.36%/yr for FNILX. Their correlation of 0.84 means they have usually moved in the same direction. FCTGX charges 1.54%/yr vs 0.00%/yr for FNILX.
Performance
FCTGX vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, FCTGX achieves a 20.57% return, which is significantly higher than FNILX's 9.06% return.
FCTGX
- 1D
- 2.55%
- 1M
- -3.11%
- 6M
- 16.08%
- YTD
- 20.57%
- 1Y
- 35.89%
- 3Y*
- 18.08%
- 5Y*
- 7.34%
- 10Y*
- 13.69%
- ALL TIME*
- 11.17%
FNILX
- 1D
- 1.68%
- 1M
- -0.67%
- 6M
- 7.78%
- YTD
- 9.06%
- 1Y
- 20.09%
- 3Y*
- 19.19%
- 5Y*
- 12.36%
- 10Y*
- —
- ALL TIME*
- 14.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCTGX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCTGX Fidelity Advisor Small Cap Growth Fund Class M | 20.57% | 10.58% | 19.92% | 18.39% | -25.72% | 9.89% | 35.65% | 35.62% | -22.71% |
FNILX Fidelity ZERO Large Cap Index Fund | 9.06% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Correlation
The correlation between FCTGX and FNILX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.84 |
The correlation between FCTGX and FNILX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
FCTGX vs. FNILX — Risk / Return Rank
FCTGX
FNILX
FCTGX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Growth Fund Class M (FCTGX) 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.
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.
| FCTGX | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.98 | +0.45 |
| Martin ratioReturn relative to average drawdown | 9.11 | 8.30 | +0.81 |
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Drawdowns
FCTGX vs. FNILX - Drawdown Comparison
The maximum FCTGX drawdown since its inception was -61.25%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FCTGX and FNILX.
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Drawdown Indicators
| FCTGX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.25% | -33.76% | -27.49% |
Max Drawdown (1Y)Largest decline over 1 year | -13.22% | -9.01% | -4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -28.84% | -19.08% | -9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -39.21% | -25.40% | -13.81% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | — | — |
Current DrawdownCurrent decline from peak | -5.27% | -2.24% | -3.03% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -5.30% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.14% | +1.39% |
Volatility
FCTGX vs. FNILX - Volatility Comparison
Fidelity Advisor Small Cap Growth Fund Class M (FCTGX) has a higher volatility of 6.02% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 3.46%. This indicates that FCTGX'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
| FCTGX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 3.46% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 17.97% | 10.17% | +7.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.71% | 12.97% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 17.37% | +6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.94% | 19.95% | +2.99% |
FCTGX vs. FNILX - Expense Ratio Comparison
FCTGX has a 1.54% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Dividends
FCTGX vs. FNILX - Dividend Comparison
FCTGX's dividend yield for the trailing twelve months is around 6.17%, more than FNILX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCTGX Fidelity Advisor Small Cap Growth Fund Class M | 6.17% | 7.44% | 1.07% | 0.00% | 0.00% | 21.26% | 8.90% | 5.81% | 15.13% | 7.17% | 0.81% | 4.23% |
FNILX Fidelity ZERO Large Cap Index Fund | 0.93% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCTGX and FNILX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCTGX has higher volatility (6.02%) compared to FNILX (3.46%). In terms of maximum drawdown, FCTGX dropped -61.25% vs FNILX's -33.76%.
FCTGX currently has the higher Sharpe Ratio (1.41 vs 1.37), 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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