FFNOX vs. FZROX
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and Fidelity ZERO Total Market Index Fund (FZROX).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFNOX or FZROX.
Performance
FFNOX vs. FZROX - Performance Comparison
Returns By Period
In the year-to-date period, FFNOX achieves a 11.43% return, which is significantly lower than FZROX's 23.71% return.
FFNOX
11.43%
-2.01%
5.14%
18.80%
9.30%
8.81%
FZROX
23.71%
0.49%
11.44%
32.08%
14.79%
N/A
Key characteristics
| FFNOX | FZROX | |
|---|---|---|
| Sharpe Ratio | 1.83 | 2.57 |
| Sortino Ratio | 2.49 | 3.44 |
| Omega Ratio | 1.34 | 1.47 |
| Calmar Ratio | 2.47 | 3.77 |
| Martin Ratio | 10.20 | 16.47 |
| Ulcer Index | 1.89% | 1.96% |
| Daily Std Dev | 10.56% | 12.58% |
| Max Drawdown | -48.68% | -34.96% |
| Current Drawdown | -2.49% | -2.42% |
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FFNOX vs. FZROX - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is higher than FZROX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FFNOX and FZROX is 0.97, 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.
Risk-Adjusted Performance
FFNOX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) 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.
Dividends
FFNOX vs. FZROX - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 1.87%, more than FZROX's 1.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 1.87% | 3.83% | 2.04% | 1.87% | 1.59% | 2.25% | 2.25% | 1.86% | 2.09% | 2.50% | 4.56% | 3.75% |
FZROX Fidelity ZERO Total Market Index Fund | 1.10% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFNOX vs. FZROX - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -48.68%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FFNOX and FZROX. For additional features, visit the drawdowns tool.
Volatility
FFNOX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Multi-Asset Index Fund (FFNOX) is 2.87%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.25%. This indicates that FFNOX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.