FGBAX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class A (FGBAX) and Fidelity ZERO Total Market Index Fund (FZROX).
FGBAX is managed by Fidelity. It was launched on Aug 27, 2002. FZROX is managed by Fidelity.
Performance
FGBAX vs. FZROX - Performance Comparison
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FGBAX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGBAX Fidelity Advisor Investment Grade Bond Fund Class A | -0.27% | 6.90% | 0.67% | 5.86% | -14.15% | -1.38% | 9.59% | 9.33% | 0.73% |
FZROX Fidelity ZERO Total Market Index Fund | -3.98% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Returns By Period
In the year-to-date period, FGBAX achieves a -0.27% return, which is significantly higher than FZROX's -3.98% return.
FGBAX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.27%
- 6M
- 0.23%
- 1Y
- 3.49%
- 3Y*
- 3.26%
- 5Y*
- -0.16%
- 10Y*
- 1.92%
FZROX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -1.97%
- 1Y
- 17.77%
- 3Y*
- 17.96%
- 5Y*
- 10.74%
- 10Y*
- —
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FGBAX vs. FZROX - Expense Ratio Comparison
FGBAX has a 0.75% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FGBAX vs. FZROX — Risk / Return Rank
FGBAX
FZROX
FGBAX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class A (FGBAX) 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.
| FGBAX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.98 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.50 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.51 | -0.02 |
Martin ratioReturn relative to average drawdown | 4.26 | 7.28 | -3.02 |
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
| FGBAX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.98 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.62 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.63 | -0.13 |
Correlation
The correlation between FGBAX and FZROX is 0.05, 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
FGBAX vs. FZROX - Dividend Comparison
FGBAX's dividend yield for the trailing twelve months is around 3.30%, more than FZROX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBAX Fidelity Advisor Investment Grade Bond Fund Class A | 3.30% | 3.58% | 3.07% | 2.97% | 1.73% | 1.09% | 4.51% | 2.44% | 2.54% | 1.87% | 2.37% | 2.36% |
FZROX Fidelity ZERO Total Market Index Fund | 1.07% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGBAX vs. FZROX - Drawdown Comparison
The maximum FGBAX drawdown since its inception was -18.94%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FGBAX and FZROX.
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Drawdown Indicators
| FGBAX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -34.96% | +16.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -12.44% | +9.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | -25.12% | +6.24% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | — | — |
Current DrawdownCurrent decline from peak | -3.81% | -6.16% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -5.61% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.58% | -1.59% |
Volatility
FGBAX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class A (FGBAX) is 1.48%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 5.52%. This indicates that FGBAX 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.
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Volatility by Period
| FGBAX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 5.52% | -4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 9.81% | -7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 18.68% | -14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.94% | 17.45% | -11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 20.28% | -15.30% |