FGBFX vs. FZROX
Compare and contrast key facts about Fidelity Global Credit Fund (FGBFX) and Fidelity ZERO Total Market Index Fund (FZROX).
FGBFX is managed by Fidelity. It was launched on May 22, 2012. FZROX is managed by Fidelity.
Performance
FGBFX vs. FZROX - Performance Comparison
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FGBFX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGBFX Fidelity Global Credit Fund | 0.00% | 7.82% | 8.41% | 7.14% | -19.74% | -0.53% | 8.25% | 14.65% | -1.33% |
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
FGBFX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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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FGBFX vs. FZROX - Expense Ratio Comparison
FGBFX has a 0.70% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FGBFX vs. FZROX — Risk / Return Rank
FGBFX
FZROX
FGBFX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Credit Fund (FGBFX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FGBFX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.98 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.63 | — |
Correlation
The correlation between FGBFX and FZROX is 0.06, 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
FGBFX vs. FZROX - Dividend Comparison
FGBFX's dividend yield for the trailing twelve months is around 3.04%, more than FZROX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBFX Fidelity Global Credit Fund | 3.04% | 3.04% | 3.68% | 3.69% | 6.53% | 2.53% | 3.69% | 3.73% | 2.67% | 1.98% | 2.98% | 2.72% |
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
FGBFX vs. FZROX - Drawdown Comparison
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Drawdown Indicators
| FGBFX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -34.96% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.12% | — |
Current DrawdownCurrent decline from peak | — | -6.16% | — |
Average DrawdownAverage peak-to-trough decline | — | -5.61% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.58% | — |
Volatility
FGBFX vs. FZROX - Volatility Comparison
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Volatility by Period
| FGBFX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 18.68% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 17.45% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 20.28% | — |