FGBPX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) and Fidelity ZERO Total Market Index Fund (FZROX).
FGBPX is managed by Fidelity. It was launched on Aug 27, 2002. FZROX is managed by Fidelity.
Performance
FGBPX vs. FZROX - Performance Comparison
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FGBPX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGBPX Fidelity Advisor Investment Grade Bond Fund Class I | -0.23% | 7.16% | 0.89% | 6.08% | -14.07% | -1.15% | 9.99% | 9.63% | 0.84% |
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, FGBPX achieves a -0.23% return, which is significantly higher than FZROX's -3.98% return.
FGBPX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.23%
- 6M
- 0.34%
- 1Y
- 3.58%
- 3Y*
- 3.44%
- 5Y*
- 0.07%
- 10Y*
- 2.16%
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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FGBPX vs. FZROX - Expense Ratio Comparison
FGBPX has a 0.49% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FGBPX vs. FZROX — Risk / Return Rank
FGBPX
FZROX
FGBPX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) 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.
| FGBPX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.98 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.50 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.51 | +0.05 |
Martin ratioReturn relative to average drawdown | 4.44 | 7.28 | -2.84 |
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
| FGBPX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.98 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.62 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.63 | -0.11 |
Correlation
The correlation between FGBPX 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
FGBPX vs. FZROX - Dividend Comparison
FGBPX's dividend yield for the trailing twelve months is around 3.53%, more than FZROX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBPX Fidelity Advisor Investment Grade Bond Fund Class I | 3.53% | 3.83% | 3.29% | 3.19% | 1.92% | 1.32% | 4.76% | 2.71% | 2.82% | 2.12% | 2.67% | 2.61% |
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
FGBPX vs. FZROX - Drawdown Comparison
The maximum FGBPX drawdown since its inception was -18.75%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FGBPX and FZROX.
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Drawdown Indicators
| FGBPX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -34.96% | +16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -12.44% | +9.56% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -25.12% | +6.37% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | — | — |
Current DrawdownCurrent decline from peak | -2.85% | -6.16% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -5.61% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.58% | -1.57% |
Volatility
FGBPX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) is 1.55%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 5.52%. This indicates that FGBPX 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
| FGBPX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 5.52% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 9.81% | -7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 18.68% | -14.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 17.45% | -11.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 20.28% | -15.30% |