FIFWX vs. FXAIX
FIFWX (Fidelity Advisor Founders Fund Class Z) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FIFWX is a Large Cap Growth Equities fund managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, FIFWX returned 11.91%/yr vs 12.68%/yr for FXAIX. Their correlation of 0.90 means they have usually moved in the same direction. FIFWX charges 0.75%/yr vs 0.02%/yr for FXAIX.
Performance
FIFWX vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, FIFWX achieves a 6.31% return, which is significantly lower than FXAIX's 9.35% return.
FIFWX
- 1D
- 1.77%
- 1M
- -0.65%
- 6M
- 5.72%
- YTD
- 6.31%
- 1Y
- 13.15%
- 3Y*
- 20.96%
- 5Y*
- 11.91%
- 10Y*
- —
- ALL TIME*
- 17.61%
FXAIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.79%
- YTD
- 9.35%
- 1Y
- 20.63%
- 3Y*
- 19.03%
- 5Y*
- 12.68%
- 10Y*
- 15.00%
- ALL TIME*
- 13.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIFWX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIFWX Fidelity Advisor Founders Fund Class Z | 6.31% | 16.53% | 36.54% | 34.14% | -26.58% | 19.13% | 47.37% | 14.14% |
FXAIX Fidelity 500 Index Fund | 9.35% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 18.43% |
Correlation
The correlation between FIFWX and FXAIX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.90 |
The correlation between FIFWX and FXAIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
FIFWX vs. FXAIX — Risk / Return Rank
FIFWX
FXAIX
FIFWX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Founders Fund Class Z (FIFWX) and Fidelity 500 Index Fund (FXAIX). 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.
| FIFWX | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.06 | -1.10 |
| Martin ratioReturn relative to average drawdown | 3.67 | 8.86 | -5.19 |
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Drawdowns
FIFWX vs. FXAIX - Drawdown Comparison
The maximum FIFWX drawdown since its inception was -32.44%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FIFWX and FXAIX.
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Drawdown Indicators
| FIFWX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.44% | -33.79% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -8.89% | -3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -23.27% | -18.76% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | -24.50% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -3.34% | -2.11% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -3.77% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.07% | +1.15% |
Volatility
FIFWX vs. FXAIX - Volatility Comparison
Fidelity Advisor Founders Fund Class Z (FIFWX) has a higher volatility of 4.18% compared to Fidelity 500 Index Fund (FXAIX) at 3.44%. This indicates that FIFWX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIFWX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 3.44% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 10.09% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 12.86% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.30% | 17.03% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 18.07% | +4.42% |
FIFWX vs. FXAIX - Expense Ratio Comparison
FIFWX has a 0.75% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
FIFWX vs. FXAIX - Dividend Comparison
FIFWX's dividend yield for the trailing twelve months is around 2.41%, more than FXAIX's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIFWX Fidelity Advisor Founders Fund Class Z | 2.41% | 2.39% | 6.29% | 0.22% | 2.62% | 6.36% | 0.00% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.07% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
With a correlation of 0.93, FIFWX and FXAIX 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.
FIFWX has higher volatility (4.18%) compared to FXAIX (3.44%). In terms of maximum drawdown, FIFWX dropped -32.44% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.43 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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