FCVAX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Small Cap Value Fund Class A (FCVAX) and Fidelity ZERO Total Market Index Fund (FZROX).
FCVAX is managed by Fidelity. It was launched on Nov 3, 2004. FZROX is managed by Fidelity.
Performance
FCVAX vs. FZROX - Performance Comparison
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FCVAX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCVAX Fidelity Advisor Small Cap Value Fund Class A | 1.88% | 7.75% | 7.72% | 17.47% | -13.29% | 37.77% | 10.82% | 20.47% | -17.81% |
FZROX Fidelity ZERO Total Market Index Fund | -3.98% | 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, FCVAX achieves a 1.88% return, which is significantly higher than FZROX's -3.98% return.
FCVAX
- 1D
- 2.84%
- 1M
- -6.72%
- YTD
- 1.88%
- 6M
- 3.38%
- 1Y
- 16.28%
- 3Y*
- 10.89%
- 5Y*
- 6.05%
- 10Y*
- 9.33%
FZROX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -1.97%
- 1Y
- 17.77%
- 3Y*
- 17.96%
- 5Y*
- 10.74%
- 10Y*
- —
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FCVAX vs. FZROX - Expense Ratio Comparison
FCVAX has a 1.26% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FCVAX vs. FZROX — Risk / Return Rank
FCVAX
FZROX
FCVAX vs. FZROX - 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 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.
| FCVAX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.98 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.50 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.51 | -0.38 |
Martin ratioReturn relative to average drawdown | 4.19 | 7.28 | -3.08 |
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 | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.98 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.62 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.63 | -0.20 |
Correlation
The correlation between FCVAX and FZROX is 0.81, 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. FZROX - Dividend Comparison
FCVAX's dividend yield for the trailing twelve months is around 10.11%, more than FZROX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVAX Fidelity Advisor Small Cap Value Fund Class A | 10.11% | 10.30% | 4.77% | 5.19% | 6.11% | 7.94% | 0.30% | 3.32% | 37.11% | 3.43% | 7.01% | 11.07% |
FZROX Fidelity ZERO Total Market Index Fund | 1.07% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCVAX vs. FZROX - Drawdown Comparison
The maximum FCVAX drawdown since its inception was -57.86%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FCVAX and FZROX.
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Drawdown Indicators
| FCVAX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.86% | -34.96% | -22.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -12.44% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -25.12% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -44.71% | — | — |
Current DrawdownCurrent decline from peak | -7.87% | -6.16% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -5.61% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.58% | +1.33% |
Volatility
FCVAX vs. FZROX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class A (FCVAX) has a higher volatility of 6.40% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 5.52%. This indicates that FCVAX's price experiences larger fluctuations and is considered to be riskier 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
| FCVAX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 5.52% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 9.81% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.95% | 18.68% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 17.45% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 20.28% | +1.98% |