FGMNX vs. FZROX
Compare and contrast key facts about Fidelity GNMA Fund (FGMNX) and Fidelity ZERO Total Market Index Fund (FZROX).
FGMNX is managed by Fidelity. It was launched on Nov 8, 1985. FZROX is managed by Fidelity.
Performance
FGMNX vs. FZROX - Performance Comparison
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FGMNX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGMNX Fidelity GNMA Fund | 0.46% | 7.89% | 0.43% | 5.46% | -11.52% | -1.03% | 3.74% | 5.72% | 1.38% |
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, FGMNX achieves a 0.46% return, which is significantly higher than FZROX's -3.98% return.
FGMNX
- 1D
- 0.19%
- 1M
- -1.33%
- YTD
- 0.46%
- 6M
- 1.56%
- 1Y
- 4.70%
- 3Y*
- 3.76%
- 5Y*
- 0.19%
- 10Y*
- 1.22%
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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FGMNX vs. FZROX - Expense Ratio Comparison
FGMNX has a 0.45% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FGMNX vs. FZROX — Risk / Return Rank
FGMNX
FZROX
FGMNX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity GNMA Fund (FGMNX) 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.
| FGMNX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.98 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.50 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.51 | +0.43 |
Martin ratioReturn relative to average drawdown | 5.55 | 7.28 | -1.73 |
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
| FGMNX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.98 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.62 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.63 | +0.41 |
Correlation
The correlation between FGMNX and FZROX is 0.10, 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
FGMNX vs. FZROX - Dividend Comparison
FGMNX'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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGMNX Fidelity GNMA Fund | 3.30% | 3.61% | 3.23% | 3.45% | 1.68% | 0.76% | 1.61% | 2.46% | 2.19% | 2.17% | 2.61% | 2.25% |
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
FGMNX vs. FZROX - Drawdown Comparison
The maximum FGMNX drawdown since its inception was -16.84%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FGMNX and FZROX.
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Drawdown Indicators
| FGMNX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -34.96% | +18.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -12.44% | +9.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.62% | -25.12% | +8.50% |
Max Drawdown (10Y)Largest decline over 10 years | -16.84% | — | — |
Current DrawdownCurrent decline from peak | -1.71% | -6.16% | +4.45% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -5.61% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.58% | -1.56% |
Volatility
FGMNX vs. FZROX - Volatility Comparison
The current volatility for Fidelity GNMA Fund (FGMNX) is 1.50%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 5.52%. This indicates that FGMNX 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
| FGMNX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 5.52% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 9.81% | -7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 18.68% | -14.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 17.45% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 20.28% | -15.63% |