FFRAX vs. FNILX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FFRAX is managed by Fidelity. It was launched on Aug 16, 2000. FNILX is managed by Fidelity.
Performance
FFRAX vs. FNILX - Performance Comparison
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FFRAX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | -0.77% | 5.28% | 6.83% | 11.35% | -1.77% | 4.83% | 1.38% | 8.19% | -3.32% |
FNILX Fidelity ZERO Large Cap Index Fund | -7.30% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Returns By Period
In the year-to-date period, FFRAX achieves a -0.77% return, which is significantly higher than FNILX's -7.30% return.
FFRAX
- 1D
- -0.11%
- 1M
- -0.00%
- YTD
- -0.77%
- 6M
- 0.54%
- 1Y
- 4.27%
- 3Y*
- 6.49%
- 5Y*
- 4.74%
- 10Y*
- 4.61%
FNILX
- 1D
- -0.35%
- 1M
- -7.60%
- YTD
- -7.30%
- 6M
- -5.00%
- 1Y
- 14.41%
- 3Y*
- 17.43%
- 5Y*
- 11.17%
- 10Y*
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FFRAX vs. FNILX - Expense Ratio Comparison
FFRAX has a 0.98% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FFRAX vs. FNILX — Risk / Return Rank
FFRAX
FNILX
FFRAX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) 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.
| FFRAX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.83 | +0.58 |
Sortino ratioReturn per unit of downside risk | 1.97 | 1.28 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.20 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.04 | +0.56 |
Martin ratioReturn relative to average drawdown | 7.82 | 5.01 | +2.81 |
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
| FFRAX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.83 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.68 | 0.65 | +1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.64 | +0.52 |
Correlation
The correlation between FFRAX and FNILX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FFRAX vs. FNILX - Dividend Comparison
FFRAX's dividend yield for the trailing twelve months is around 6.48%, more than FNILX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | 6.48% | 7.12% | 6.69% | 7.24% | 3.57% | 2.47% | 3.56% | 4.86% | 4.42% | 3.77% | 4.14% | 3.42% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.09% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRAX vs. FNILX - Drawdown Comparison
The maximum FFRAX drawdown since its inception was -22.21%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FFRAX and FNILX.
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Drawdown Indicators
| FFRAX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.21% | -33.76% | +11.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -12.18% | +9.45% |
Max Drawdown (5Y)Largest decline over 5 years | -6.02% | -25.40% | +19.38% |
Max Drawdown (10Y)Largest decline over 10 years | -22.21% | — | — |
Current DrawdownCurrent decline from peak | -0.88% | -9.01% | +8.13% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -5.47% | +4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.54% | -1.96% |
Volatility
FFRAX vs. FNILX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) is 0.70%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.23%. This indicates that FFRAX experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRAX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 4.23% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 9.14% | -7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 18.26% | -14.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 17.22% | -14.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 20.17% | -16.05% |