FIJDX vs. FXAIX

Last updated Jun 5, 2026

FIJDX (Fidelity Advisor Gold Fund Class Z) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FIJDX is a Gold fund actively managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. FIJDX is actively managed, while FXAIX is passively managed. Over the past 5 years, FIJDX returned 15.62%/yr vs 13.91%/yr for FXAIX. At a 0.24 correlation, their price movements are largely independent. FIJDX charges 0.60%/yr vs 0.02%/yr for FXAIX.

Performance

FIJDX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Gold Fund Class Z (FIJDX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIJDX achieves a 1.67% return, which is significantly lower than FXAIX's 10.89% return.

FIJDX

• 1D: -3.55%
• 1M: 0.21%
• YTD: 1.67%
• 6M: 7.55%
• 1Y: 55.02%
• 3Y*: 39.09%
• 5Y*: 15.62%
• 10Y*: —

FXAIX

• 1D: -0.73%
• 1M: 4.17%
• YTD: 10.89%
• 6M: 10.80%
• 1Y: 28.02%
• 3Y*: 22.45%
• 5Y*: 13.91%
• 10Y*: 15.58%

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

FIJDX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIJDX Fidelity Advisor Gold Fund Class Z	1.67%	143.25%	15.10%	-0.26%	-13.32%	-10.33%	27.00%	35.74%	4.09%
FXAIX Fidelity 500 Index Fund	10.89%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-10.39%

Correlation

The correlation between FIJDX and FXAIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 18, 2018	0.24

Return for Risk

FIJDX vs. FXAIX — Risk / Return Rank

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

FIJDX

FIJDX Risk / Return Rank: 22
FIJDX Sharpe Ratio Rank: 22
FIJDX Sortino Ratio Rank: 18
FIJDX Omega Ratio Rank: 23
FIJDX Calmar Ratio Rank: 27
FIJDX Martin Ratio Rank: 19

FXAIX

FXAIX Risk / Return Rank: 66
FXAIX Sharpe Ratio Rank: 64
FXAIX Sortino Ratio Rank: 59
FXAIX Omega Ratio Rank: 60
FXAIX Calmar Ratio Rank: 67
FXAIX Martin Ratio Rank: 79

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.

FIJDX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Gold Fund Class Z (FIJDX) 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.

	FIJDX	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.37	-1.06
Sortino ratio: Return per unit of downside risk	1.71	3.24	-1.53
Omega ratio: Gain probability vs. loss probability	1.24	1.43	-0.19
Calmar ratio: Return relative to maximum drawdown	1.89	3.17	-1.28
Martin ratio: Return relative to average drawdown	4.89	14.80	-9.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIJDX vs. FXAIX - Sharpe Ratio Comparison

The current FIJDX Sharpe Ratio is 1.31, which is lower than the FXAIX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FIJDX and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIJDX	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	2.37	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.83	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.82	-0.24

Drawdowns

FIJDX vs. FXAIX - Drawdown Comparison

The maximum FIJDX drawdown since its inception was -50.43%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FIJDX and FXAIX.

Drawdown Indicators

	FIJDX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.43%	-33.79%	-16.64%
Max Drawdown (1Y) Largest decline over 1 year	-29.85%	-8.89%	-20.96%
Max Drawdown (3Y) Largest decline over 3 years	-29.85%	-18.76%	-11.09%
Max Drawdown (5Y) Largest decline over 5 years	-45.91%	-24.50%	-21.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-25.55%	-0.73%	-24.82%
Average Drawdown Average peak-to-trough decline	-18.47%	-3.79%	-14.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.51%	1.90%	+9.61%

Volatility

FIJDX vs. FXAIX - Volatility Comparison

Fidelity Advisor Gold Fund Class Z (FIJDX) has a higher volatility of 15.24% compared to Fidelity 500 Index Fund (FXAIX) at 2.92%. This indicates that FIJDX'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.

Volatility by Period

	FIJDX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.24%	2.92%	+12.32%
Volatility (6M) Calculated over the trailing 6-month period	35.31%	8.99%	+26.32%
Volatility (1Y) Calculated over the trailing 1-year period	42.89%	11.88%	+31.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.59%	16.91%	+16.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.35%	18.07%	+16.28%

FIJDX vs. FXAIX - Expense Ratio Comparison

FIJDX has a 0.60% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

Dividends

FIJDX vs. FXAIX - Dividend Comparison

FIJDX's dividend yield for the trailing twelve months is around 5.04%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIJDX Fidelity Advisor Gold Fund Class Z	5.04%	2.17%	3.63%	1.16%	0.38%	1.71%	4.54%	0.53%	0.00%	0.00%	0.00%	0.00%
FXAIX Fidelity 500 Index Fund	1.03%	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

Can I hold both FIJDX and FXAIX in my portfolio?

FIJDX and FXAIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIJDX or FXAIX?

FIJDX has higher volatility (15.24%) compared to FXAIX (2.92%). In terms of maximum drawdown, FIJDX dropped -50.43% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.37 vs 1.31), 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.