FEIAX vs. FNILX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Equity Income Fund Class A (FEIAX) and Fidelity ZERO Large Cap Index Fund (FNILX).

FEIAX is managed by Fidelity. It was launched on Sep 3, 1996. FNILX is managed by Fidelity.

Performance

FEIAX vs. FNILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Income Fund Class A (FEIAX) and Fidelity ZERO Large Cap Index Fund (FNILX). The values are adjusted to include any dividend payments, if applicable.

FEIAX vs. FNILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FEIAX Fidelity Advisor Equity Income Fund Class A	0.00%	2.75%	5.69%	11.19%	-1.35%	22.11%	1.23%	27.19%	-12.04%
FNILX Fidelity ZERO Large Cap Index Fund	-4.59%	17.81%	25.47%	27.45%	-19.37%	26.67%	21.13%	31.79%	-13.60%

Returns By Period

FEIAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNILX

• 1D: 2.92%
• 1M: -4.98%
• YTD: -4.59%
• 6M: -2.55%
• 1Y: 17.28%
• 3Y*: 18.57%
• 5Y*: 11.53%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEIAX vs. FNILX - Expense Ratio Comparison

FEIAX has a 0.90% expense ratio, which is higher than FNILX's 0.00% expense ratio.

FEIAX

Fidelity Advisor Equity Income Fund Class A

FNILX

Fidelity ZERO Large Cap Index Fund

Return for Risk

FEIAX vs. FNILX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNILX

FNILX Risk / Return Rank: 59
FNILX Sharpe Ratio Rank: 47
FNILX Sortino Ratio Rank: 53
FNILX Omega Ratio Rank: 55
FNILX Calmar Ratio Rank: 64
FNILX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEIAX vs. FNILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Income Fund Class A (FEIAX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FEIAX	FNILX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.97	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.66	—

Correlation

The correlation between FEIAX and FNILX is 0.74, 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

FEIAX vs. FNILX - Dividend Comparison

FEIAX's dividend yield for the trailing twelve months is around 4.77%, more than FNILX's 1.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEIAX Fidelity Advisor Equity Income Fund Class A	4.77%	4.77%	1.43%	4.90%	5.96%	11.12%	2.23%	8.09%	16.73%	10.16%	3.13%	10.67%
FNILX Fidelity ZERO Large Cap Index Fund	1.06%	1.01%	1.09%	1.34%	1.53%	0.95%	1.20%	1.17%	0.53%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	FEIAX	FNILX	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.76%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.40%	—
Current Drawdown Current decline from peak	—	-6.36%	—
Average Drawdown Average peak-to-trough decline	—	-5.47%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.57%	—

Volatility

Volatility by Period

	FEIAX	FNILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.44%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.27%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.19%	—