FMFMX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Series Equity Growth Fund (FMFMX) and Fidelity ZERO Total Market Index Fund (FZROX).
FMFMX is managed by Fidelity. It was launched on Jun 6, 2014. FZROX is managed by Fidelity.
Performance
FMFMX vs. FZROX - Performance Comparison
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FMFMX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMFMX Fidelity Advisor Series Equity Growth Fund | -5.25% | 14.98% | 30.90% | 37.23% | -23.65% | 18.56% | 45.18% | 35.17% | -12.55% |
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, FMFMX achieves a -5.25% return, which is significantly lower than FZROX's -3.98% return.
FMFMX
- 1D
- 4.26%
- 1M
- -5.31%
- YTD
- -5.25%
- 6M
- -4.92%
- 1Y
- 17.91%
- 3Y*
- 20.97%
- 5Y*
- 11.03%
- 10Y*
- 17.40%
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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FMFMX vs. FZROX - Expense Ratio Comparison
FMFMX has a 0.00% expense ratio, which is lower than FZROX's 0.00% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FMFMX vs. FZROX — Risk / Return Rank
FMFMX
FZROX
FMFMX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Series Equity Growth Fund (FMFMX) 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.
| FMFMX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.98 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.50 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.51 | -0.07 |
Martin ratioReturn relative to average drawdown | 5.05 | 7.28 | -2.23 |
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
| FMFMX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.98 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.62 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.63 | +0.07 |
Correlation
The correlation between FMFMX and FZROX is 0.92, 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
FMFMX vs. FZROX - Dividend Comparison
FMFMX's dividend yield for the trailing twelve months is around 15.35%, more than FZROX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMFMX Fidelity Advisor Series Equity Growth Fund | 15.35% | 14.54% | 28.50% | 5.57% | 5.69% | 16.12% | 27.01% | 13.51% | 9.43% | 18.29% | 0.12% | 0.15% |
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
FMFMX vs. FZROX - Drawdown Comparison
The maximum FMFMX drawdown since its inception was -36.89%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FMFMX and FZROX.
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Drawdown Indicators
| FMFMX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.89% | -34.96% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.96% | -12.44% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -36.89% | -25.12% | -11.77% |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | — | — |
Current DrawdownCurrent decline from peak | -15.20% | -6.16% | -9.04% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -5.61% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 2.58% | +1.11% |
Volatility
FMFMX vs. FZROX - Volatility Comparison
Fidelity Advisor Series Equity Growth Fund (FMFMX) has a higher volatility of 7.71% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 5.52%. This indicates that FMFMX's price experiences larger fluctuations and is considered to be riskier 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
| FMFMX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 5.52% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.30% | 9.81% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.99% | 18.68% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.83% | 17.45% | +7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 20.28% | +2.63% |