FGKPX vs. FZROX
Compare and contrast key facts about Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) and Fidelity ZERO Total Market Index Fund (FZROX).
FGKPX is managed by Fidelity. It was launched on Jan 30, 2019. FZROX is managed by Fidelity.
Performance
FGKPX vs. FZROX - Performance Comparison
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FGKPX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | 0.61% | 12.56% | 5.96% | 15.28% | -12.98% | 10.75% | 5.22% | 3.48% |
FZROX Fidelity ZERO Total Market Index Fund | -3.98% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 20.45% |
Returns By Period
In the year-to-date period, FGKPX achieves a 0.61% return, which is significantly higher than FZROX's -3.98% return.
FGKPX
- 1D
- 1.67%
- 1M
- -2.77%
- YTD
- 0.61%
- 6M
- 2.22%
- 1Y
- 13.45%
- 3Y*
- 10.23%
- 5Y*
- 5.04%
- 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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FGKPX vs. FZROX - Expense Ratio Comparison
FGKPX has a 0.23% expense ratio, which is higher than FZROX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FGKPX vs. FZROX — Risk / Return Rank
FGKPX
FZROX
FGKPX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) 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.
| FGKPX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 0.98 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.50 | +0.43 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.51 | +0.17 |
Martin ratioReturn relative to average drawdown | 5.61 | 7.28 | -1.66 |
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
| FGKPX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.98 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.62 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.63 | -0.19 |
Correlation
The correlation between FGKPX and FZROX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FGKPX vs. FZROX - Dividend Comparison
FGKPX's dividend yield for the trailing twelve months is around 7.70%, more than FZROX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | 7.70% | 7.75% | 5.07% | 2.91% | 1.88% | 2.30% | 1.77% | 1.88% |
FZROX Fidelity ZERO Total Market Index Fund | 1.07% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% |
Drawdowns
FGKPX vs. FZROX - Drawdown Comparison
The maximum FGKPX drawdown since its inception was -32.05%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FGKPX and FZROX.
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Drawdown Indicators
| FGKPX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.05% | -34.96% | +2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -12.44% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -25.12% | +4.43% |
Current DrawdownCurrent decline from peak | -5.38% | -6.16% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -5.61% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.58% | -0.44% |
Volatility
FGKPX vs. FZROX - Volatility Comparison
The current volatility for Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) is 4.76%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 5.52%. This indicates that FGKPX 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
| FGKPX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 5.52% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 9.81% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.98% | 18.68% | -8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 17.45% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.47% | 20.28% | -7.81% |