FFRIX vs. FNILX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FFRIX is managed by Fidelity. It was launched on Aug 16, 2000. FNILX is managed by Fidelity.
Performance
FFRIX vs. FNILX - Performance Comparison
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FFRIX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | -0.73% | 5.54% | 7.07% | 11.63% | -1.58% | 5.06% | 1.64% | 8.47% | -3.28% |
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, FFRIX achieves a -0.73% return, which is significantly higher than FNILX's -7.30% return.
FFRIX
- 1D
- -0.11%
- 1M
- 0.00%
- YTD
- -0.73%
- 6M
- 0.64%
- 1Y
- 4.50%
- 3Y*
- 6.70%
- 5Y*
- 4.98%
- 10Y*
- 4.85%
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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FFRIX vs. FNILX - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FFRIX vs. FNILX — Risk / Return Rank
FFRIX
FNILX
FFRIX 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 I (FFRIX) 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.
| FFRIX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 0.83 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.07 | 1.28 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.20 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.04 | +0.65 |
Martin ratioReturn relative to average drawdown | 8.29 | 5.01 | +3.28 |
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
| FFRIX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.83 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | 0.65 | +1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.64 | +0.57 |
Correlation
The correlation between FFRIX 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
FFRIX vs. FNILX - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 6.72%, more than FNILX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 6.72% | 7.37% | 6.92% | 7.47% | 3.78% | 2.69% | 3.80% | 5.12% | 4.65% | 4.00% | 4.38% | 3.32% |
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
FFRIX vs. FNILX - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.12%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FFRIX and FNILX.
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Drawdown Indicators
| FFRIX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -33.76% | +11.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -12.18% | +9.44% |
Max Drawdown (5Y)Largest decline over 5 years | -5.92% | -25.40% | +19.48% |
Max Drawdown (10Y)Largest decline over 10 years | -22.12% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -9.01% | +8.15% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -5.47% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.54% | -1.96% |
Volatility
FFRIX vs. FNILX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) is 0.71%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.23%. This indicates that FFRIX 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
| FFRIX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 4.23% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 9.14% | -7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 18.26% | -14.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 17.22% | -14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 20.17% | -16.03% |