FCVAX vs. FNILX
Compare and contrast key facts about Fidelity Advisor Small Cap Value Fund Class A (FCVAX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FCVAX is managed by Fidelity. It was launched on Nov 3, 2004. FNILX is managed by Fidelity.
Performance
FCVAX vs. FNILX - Performance Comparison
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FCVAX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCVAX Fidelity Advisor Small Cap Value Fund Class A | -0.94% | 7.75% | 7.72% | 17.47% | -13.29% | 37.77% | 10.82% | 20.47% | -17.06% |
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, FCVAX achieves a -0.94% return, which is significantly higher than FNILX's -7.30% return.
FCVAX
- 1D
- -1.14%
- 1M
- -8.95%
- YTD
- -0.94%
- 6M
- 0.53%
- 1Y
- 13.31%
- 3Y*
- 9.86%
- 5Y*
- 5.72%
- 10Y*
- 9.03%
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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FCVAX vs. FNILX - Expense Ratio Comparison
FCVAX has a 1.26% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FCVAX vs. FNILX — Risk / Return Rank
FCVAX
FNILX
FCVAX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Value Fund Class A (FCVAX) 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.
| FCVAX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.83 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.28 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.04 | -0.26 |
Martin ratioReturn relative to average drawdown | 2.92 | 5.01 | -2.09 |
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
| FCVAX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.83 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.65 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.64 | -0.22 |
Correlation
The correlation between FCVAX and FNILX is 0.77, 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
FCVAX vs. FNILX - Dividend Comparison
FCVAX's dividend yield for the trailing twelve months is around 10.39%, more than FNILX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVAX Fidelity Advisor Small Cap Value Fund Class A | 10.39% | 10.30% | 4.77% | 5.19% | 6.11% | 7.94% | 0.30% | 3.32% | 37.11% | 3.43% | 7.01% | 11.07% |
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
FCVAX vs. FNILX - Drawdown Comparison
The maximum FCVAX drawdown since its inception was -57.86%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FCVAX and FNILX.
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Drawdown Indicators
| FCVAX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.86% | -33.76% | -24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -12.18% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -25.40% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -44.71% | — | — |
Current DrawdownCurrent decline from peak | -10.41% | -9.01% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -5.47% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.54% | +1.34% |
Volatility
FCVAX vs. FNILX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class A (FCVAX) has a higher volatility of 5.56% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.23%. This indicates that FCVAX'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
| FCVAX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 4.23% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 9.14% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 18.26% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 17.22% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 20.17% | +2.07% |