FCVTX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Small Cap Value Fund Class M (FCVTX) and Fidelity ZERO Total Market Index Fund (FZROX).
FCVTX is managed by Fidelity. It was launched on Nov 3, 2004. FZROX is managed by Fidelity.
Performance
FCVTX vs. FZROX - Performance Comparison
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FCVTX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCVTX Fidelity Advisor Small Cap Value Fund Class M | -0.99% | 7.53% | 7.42% | 17.19% | -13.53% | 37.49% | 10.60% | 20.19% | -17.77% |
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, FCVTX achieves a -0.99% return, which is significantly higher than FZROX's -6.77% return.
FCVTX
- 1D
- -1.10%
- 1M
- -8.95%
- YTD
- -0.99%
- 6M
- 0.47%
- 1Y
- 13.06%
- 3Y*
- 9.59%
- 5Y*
- 5.47%
- 10Y*
- 8.78%
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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FCVTX vs. FZROX - Expense Ratio Comparison
FCVTX has a 1.50% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FCVTX vs. FZROX — Risk / Return Rank
FCVTX
FZROX
FCVTX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Value Fund Class M (FCVTX) 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.
| FCVTX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.84 | -0.24 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.30 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.05 | -0.29 |
Martin ratioReturn relative to average drawdown | 2.84 | 5.11 | -2.27 |
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
| FCVTX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.84 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.60 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.61 | -0.20 |
Correlation
The correlation between FCVTX 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
FCVTX vs. FZROX - Dividend Comparison
FCVTX's dividend yield for the trailing twelve months is around 10.80%, more than FZROX's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVTX Fidelity Advisor Small Cap Value Fund Class M | 10.80% | 10.69% | 4.91% | 5.34% | 6.37% | 8.00% | 0.23% | 3.20% | 38.15% | 3.30% | 6.98% | 11.13% |
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
FCVTX vs. FZROX - Drawdown Comparison
The maximum FCVTX drawdown since its inception was -58.26%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FCVTX and FZROX.
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Drawdown Indicators
| FCVTX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.26% | -34.96% | -23.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.42% | -12.44% | -1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.91% | -25.12% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -44.83% | — | — |
Current DrawdownCurrent decline from peak | -10.40% | -8.89% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -5.61% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.56% | +1.32% |
Volatility
FCVTX vs. FZROX - Volatility Comparison
Fidelity Advisor Small Cap Value Fund Class M (FCVTX) has a higher volatility of 5.52% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 4.41%. This indicates that FCVTX'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
| FCVTX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 4.41% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 9.34% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 18.49% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.81% | 17.40% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 20.25% | +2.01% |