FFONX vs. FZILX

Last updated Jun 13, 2026

FFONX (Fidelity Advisor Technology Fund Class A) and FZILX (Fidelity ZERO International Index Fund) are both mutual funds - FFONX is a Technology Equities fund actively managed by Fidelity, while FZILX is a Foreign Large Cap Equities fund tracking the Fidelity Global ex U.S. Index. FFONX is actively managed, while FZILX is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. FFONX charges 0.89%/yr vs 0.00%/yr for FZILX.

Performance

FFONX vs. FZILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Technology Fund Class A (FFONX) and Fidelity ZERO International Index Fund (FZILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FFONX

• 1D: 0.00%
• 1M: 6.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FZILX

• 1D: 3.33%
• 1M: 0.60%
• YTD: 13.78%
• 6M: 15.67%
• 1Y: 28.74%
• 3Y*: 19.26%
• 5Y*: 8.76%
• 10Y*: —

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

FFONX vs. FZILX - Yearly Performance Comparison

	2026 (YTD)
FFONX Fidelity Advisor Technology Fund Class A	38.63%
FZILX Fidelity ZERO International Index Fund	11.66%

Correlation

The correlation between FFONX and FZILX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.70

Return for Risk

FFONX vs. FZILX — Risk / Return Rank

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

FFONX

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

FZILX

FZILX Risk / Return Rank: 68
FZILX Sharpe Ratio Rank: 69
FZILX Sortino Ratio Rank: 65
FZILX Omega Ratio Rank: 68
FZILX Calmar Ratio Rank: 70
FZILX Martin Ratio Rank: 66

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.

FFONX vs. FZILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class A (FFONX) and Fidelity ZERO International Index Fund (FZILX). 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.

	FFONX	FZILX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.90	—
Sortino ratio: Return per unit of downside risk	—	2.60	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.64	—
Martin ratio: Return relative to average drawdown	—	10.13	—

Drawdowns

FFONX vs. FZILX - Drawdown Comparison

The maximum FFONX drawdown since its inception was -10.06%, smaller than the maximum FZILX drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FFONX and FZILX.

Drawdown Indicators

	FFONX	FZILX	Difference
Max Drawdown Largest peak-to-trough decline	-10.06%	-34.37%	+24.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.87%	—
Current Drawdown Current decline from peak	-6.74%	-2.16%	-4.58%
Average Drawdown Average peak-to-trough decline	-1.54%	-6.68%	+5.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.92%	—

Volatility

Volatility by Period

	FFONX	FZILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.48%	15.58%	+13.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.48%	15.71%	+13.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.48%	17.39%	+12.09%

FFONX vs. FZILX - Expense Ratio Comparison

FFONX has a 0.89% expense ratio, which is higher than FZILX's 0.00% expense ratio.

Dividends

FFONX vs. FZILX - Dividend Comparison

FFONX's dividend yield for the trailing twelve months is around 2.56%, more than FZILX's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FFONX Fidelity Advisor Technology Fund Class A	2.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FZILX Fidelity ZERO International Index Fund	2.35%	2.67%	3.00%	2.98%	2.71%	2.61%	1.64%	2.37%	0.02%

Frequently Asked Questions

Can I hold both FFONX and FZILX in my portfolio?

FFONX and FZILX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.