FHZTX vs. FNILX

Last updated Jun 23, 2026

FHZTX (Fidelity Advisor Large Cap Stock Fund Class I) and FNILX (Fidelity ZERO Large Cap Index Fund) are both Large Cap Blend Equities funds from Fidelity. Their correlation of 0.92 suggests significant overlap in exposure. FHZTX charges 0.77%/yr vs 0.00%/yr for FNILX.

Performance

FHZTX vs. FNILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Large Cap Stock Fund Class I (FHZTX) and Fidelity ZERO Large Cap Index Fund (FNILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FHZTX

• 1D: 0.98%
• 1M: 1.35%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNILX

• 1D: 1.13%
• 1M: 0.71%
• YTD: 10.04%
• 6M: 9.55%
• 1Y: 26.85%
• 3Y*: 21.23%
• 5Y*: 13.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FHZTX vs. FNILX - Yearly Performance Comparison

	2026 (YTD)
FHZTX Fidelity Advisor Large Cap Stock Fund Class I	10.10%
FNILX Fidelity ZERO Large Cap Index Fund	13.63%

Correlation

The correlation between FHZTX and FNILX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.92

Return for Risk

FHZTX vs. FNILX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHZTX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FNILX

FNILX Risk / Return Rank: 63
FNILX Sharpe Ratio Rank: 61
FNILX Sortino Ratio Rank: 55
FNILX Omega Ratio Rank: 57
FNILX Calmar Ratio Rank: 65
FNILX Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHZTX vs. FNILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Stock Fund Class I (FHZTX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FHZTX	FNILX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.86	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	2.96	—
Martin ratio: Return relative to average drawdown	—	13.10	—

Drawdowns

FHZTX vs. FNILX - Drawdown Comparison

The maximum FHZTX drawdown since its inception was -5.31%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FHZTX and FNILX.

Drawdown Indicators

	FHZTX	FNILX	Difference
Max Drawdown Largest peak-to-trough decline	-5.31%	-33.76%	+28.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.40%	—
Current Drawdown Current decline from peak	-0.28%	-1.36%	+1.08%
Average Drawdown Average peak-to-trough decline	-0.89%	-5.35%	+4.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.03%	—

Volatility

Volatility by Period

	FHZTX	FNILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	12.58%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	17.35%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.38%	20.04%	-4.66%

FHZTX vs. FNILX - Expense Ratio Comparison

FHZTX has a 0.77% expense ratio, which is higher than FNILX's 0.00% expense ratio.

Dividends

FHZTX vs. FNILX - Dividend Comparison

FHZTX's dividend yield for the trailing twelve months is around 4.82%, more than FNILX's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FHZTX Fidelity Advisor Large Cap Stock Fund Class I	4.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNILX Fidelity ZERO Large Cap Index Fund	0.92%	1.01%	1.09%	1.34%	1.53%	0.95%	1.20%	1.17%	0.53%

Frequently Asked Questions

Can I hold both FHZTX and FNILX in my portfolio?

With a correlation of 0.92, FHZTX and FNILX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.