FEUCX vs. FNILX

Last updated Aug 1, 2026

FEUCX (Fidelity Advisor Global Capital Appreciation Fund Class C) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - FEUCX is a Global Equities fund managed by Fidelity, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FEUCX returned 12.49%/yr vs 12.36%/yr for FNILX. Their correlation of 0.93 means they have usually moved in the same direction. FEUCX charges 1.92%/yr vs 0.00%/yr for FNILX.

Performance

FEUCX vs. FNILX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FEUCX having a 9.43% return and FNILX slightly lower at 9.06%.

FEUCX

• 1D: 3.25%
• 1M: -2.57%
• 6M: 5.89%
• YTD: 9.43%
• 1Y: 19.71%
• 3Y*: 23.62%
• 5Y*: 12.49%
• 10Y*: 12.29%
• ALL TIME*: 7.47%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEUCX Fidelity Advisor Global Capital Appreciation Fund Class C	$0.00	$0.00	$0.00
FNILX Fidelity ZERO Large Cap Index Fund	$0.00	$0.00	$0.00

FEUCX vs. FNILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FEUCX Fidelity Advisor Global Capital Appreciation Fund Class C	9.43%	16.91%	40.54%	27.46%	-25.23%	17.94%	23.45%	21.86%	-18.90%
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 FEUCX and FNILX is 0.91, 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.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018	0.93

The correlation between FEUCX and FNILX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

FEUCX vs. FNILX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEUCX

FEUCX Risk / Return Rank: 26
FEUCX Sharpe Ratio Rank: 25
FEUCX Sortino Ratio Rank: 23
FEUCX Omega Ratio Rank: 24
FEUCX Calmar Ratio Rank: 27
FEUCX Martin Ratio Rank: 32

FNILX

FNILX Risk / Return Rank: 59
FNILX Sharpe Ratio Rank: 56
FNILX Sortino Ratio Rank: 53
FNILX Omega Ratio Rank: 53
FNILX Calmar Ratio Rank: 61
FNILX Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEUCX vs. FNILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Capital Appreciation Fund Class C (FEUCX) 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.

	FEUCX	FNILX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	1.37	-0.46
Sortino ratio: Return per unit of downside risk	1.34	1.92	-0.58
Omega ratio: Gain probability vs. loss probability	1.17	1.25	-0.08
Calmar ratio: Return relative to maximum drawdown	1.33	1.98	-0.65
Martin ratio: Return relative to average drawdown	4.88	8.30	-3.42

FEUCX vs. FNILX - Sharpe Ratio Comparison

The current FEUCX Sharpe Ratio is 0.91, which is lower than the FNILX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of FEUCX and FNILX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEUCX vs. FNILX - Drawdown Comparison

The maximum FEUCX drawdown since its inception was -60.20%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FEUCX and FNILX.

Drawdown Indicators

	FEUCX	FNILX	Difference
Max Drawdown Largest peak-to-trough decline	-60.20%	-33.76%	-26.44%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-9.01%	-4.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.59%	-19.08%	-0.51%
Max Drawdown (5Y) Largest decline over 5 years	-33.36%	-25.40%	-7.96%
Max Drawdown (10Y) Largest decline over 10 years	-34.13%	—	—
Current Drawdown Current decline from peak	-5.35%	-2.24%	-3.11%
Average Drawdown Average peak-to-trough decline	-13.30%	-5.30%	-8.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	2.14%	+1.42%

Volatility

FEUCX vs. FNILX - Volatility Comparison

Fidelity Advisor Global Capital Appreciation Fund Class C (FEUCX) has a higher volatility of 6.02% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 3.46%. This indicates that FEUCX'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.

Volatility by Period

	FEUCX	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	16.19%	10.17%	+6.02%
Volatility (1Y) Calculated over the trailing 1-year period	19.10%	12.97%	+6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.60%	17.37%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	19.95%	-1.12%

FEUCX vs. FNILX - Expense Ratio Comparison

FEUCX has a 1.92% expense ratio, which is higher than FNILX's 0.00% expense ratio.

Dividends

FEUCX vs. FNILX - Dividend Comparison

FEUCX's dividend yield for the trailing twelve months is around 11.94%, more than FNILX's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEUCX Fidelity Advisor Global Capital Appreciation Fund Class C	11.94%	13.07%	19.24%	7.72%	0.00%	9.86%	0.00%	0.00%	12.40%	15.33%	1.17%	0.64%
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

Can I hold both FEUCX and FNILX in my portfolio?

With a correlation of 0.91, FEUCX and FNILX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FEUCX or FNILX?

FEUCX has higher volatility (6.02%) compared to FNILX (3.46%). In terms of maximum drawdown, FEUCX dropped -60.20% vs FNILX's -33.76%.

Which has better risk-adjusted returns?

FNILX currently has the higher Sharpe Ratio (1.37 vs 0.91), 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.