FIDGX vs. FNILX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX) and Fidelity ZERO Large Cap Index Fund (FNILX).

FIDGX is managed by Fidelity. It was launched on Feb 1, 2017. FNILX is managed by Fidelity.

Performance

FIDGX vs. FNILX - Performance Comparison

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

FIDGX vs. FNILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIDGX Fidelity Advisor Small Cap Growth Fund Class Z	-5.48%	11.29%	20.67%	19.17%	-25.25%	10.63%	36.52%	36.54%	-22.77%
FNILX Fidelity ZERO Large Cap Index Fund	-7.30%	17.81%	25.47%	27.45%	-19.37%	26.67%	21.13%	31.79%	-13.60%

Returns By Period

In the year-to-date period, FIDGX achieves a -5.48% return, which is significantly higher than FNILX's -7.30% return.

FIDGX

• 1D: -2.45%
• 1M: -10.06%
• YTD: -5.48%
• 6M: -2.52%
• 1Y: 18.22%
• 3Y*: 12.16%
• 5Y*: 3.60%
• 10Y*: —

FNILX

• 1D: -0.35%
• 1M: -7.60%
• YTD: -7.30%
• 6M: -5.00%
• 1Y: 14.41%
• 3Y*: 17.43%
• 5Y*: 11.17%
• 10Y*: —

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

FIDGX vs. FNILX - Expense Ratio Comparison

FIDGX has a 0.90% expense ratio, which is higher than FNILX's 0.00% expense ratio.

FIDGX

Fidelity Advisor Small Cap Growth Fund Class Z

FNILX

Fidelity ZERO Large Cap Index Fund

Return for Risk

FIDGX vs. FNILX — Risk / Return Rank

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

FIDGX

FIDGX Risk / Return Rank: 36
FIDGX Sharpe Ratio Rank: 32
FIDGX Sortino Ratio Rank: 34
FIDGX Omega Ratio Rank: 29
FIDGX Calmar Ratio Rank: 43
FIDGX Martin Ratio Rank: 40

FNILX

FNILX Risk / Return Rank: 45
FNILX Sharpe Ratio Rank: 40
FNILX Sortino Ratio Rank: 44
FNILX Omega Ratio Rank: 49
FNILX Calmar Ratio Rank: 41
FNILX Martin Ratio Rank: 52

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.

FIDGX vs. FNILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX) 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.

	FIDGX	FNILX	Difference
Sharpe ratio Return per unit of total volatility	0.73	0.83	-0.10
Sortino ratio Return per unit of downside risk	1.15	1.28	-0.13
Omega ratio Gain probability vs. loss probability	1.15	1.20	-0.04
Calmar ratio Return relative to maximum drawdown	1.10	1.04	+0.06
Martin ratio Return relative to average drawdown	4.17	5.01	-0.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIDGX vs. FNILX - Sharpe Ratio Comparison

The current FIDGX Sharpe Ratio is 0.73, which is comparable to the FNILX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of FIDGX and FNILX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIDGX	FNILX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	0.83	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.65	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.64	-0.14

Correlation

The correlation between FIDGX and FNILX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FIDGX vs. FNILX - Dividend Comparison

FIDGX's dividend yield for the trailing twelve months is around 6.67%, more than FNILX's 1.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDGX Fidelity Advisor Small Cap Growth Fund Class Z	6.67%	6.31%	1.49%	0.00%	0.00%	19.26%	8.17%	5.27%	14.38%	6.92%
FNILX Fidelity ZERO Large Cap Index Fund	1.09%	1.01%	1.09%	1.34%	1.53%	0.95%	1.20%	1.17%	0.53%	0.00%

Drawdowns

FIDGX vs. FNILX - Drawdown Comparison

The maximum FIDGX drawdown since its inception was -38.99%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FIDGX and FNILX.

Drawdown Indicators

	FIDGX	FNILX	Difference
Max Drawdown Largest peak-to-trough decline	-38.99%	-33.76%	-5.23%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-12.18%	-1.60%
Max Drawdown (5Y) Largest decline over 5 years	-38.99%	-25.40%	-13.59%
Current Drawdown Current decline from peak	-13.09%	-9.01%	-4.08%
Average Drawdown Average peak-to-trough decline	-10.96%	-5.47%	-5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	2.54%	+1.10%

Volatility

FIDGX vs. FNILX - Volatility Comparison

Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX) has a higher volatility of 8.45% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.23%. This indicates that FIDGX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDGX	FNILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.45%	4.23%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	16.05%	9.14%	+6.91%
Volatility (1Y) Calculated over the trailing 1-year period	24.52%	18.26%	+6.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.33%	17.22%	+6.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.30%	20.17%	+3.13%