FMGAX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) and Fidelity ZERO Total Market Index Fund (FZROX).
FMGAX is managed by Fidelity. It was launched on Mar 3, 1997. FZROX is managed by Fidelity.
Performance
FMGAX vs. FZROX - Performance Comparison
Loading graphics...
FMGAX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMGAX Fidelity Advisor Mortgage Securities Fund Class A | -0.07% | 7.92% | 0.07% | 4.27% | -12.82% | -1.52% | 4.06% | 6.05% | 1.44% |
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, FMGAX achieves a -0.07% return, which is significantly higher than FZROX's -3.98% return.
FMGAX
- 1D
- 0.51%
- 1M
- -2.07%
- YTD
- -0.07%
- 6M
- 1.32%
- 1Y
- 4.73%
- 3Y*
- 3.21%
- 5Y*
- -0.43%
- 10Y*
- 0.85%
FZROX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -1.97%
- 1Y
- 17.77%
- 3Y*
- 17.96%
- 5Y*
- 10.74%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMGAX vs. FZROX - Expense Ratio Comparison
FMGAX has a 0.79% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FMGAX vs. FZROX — Risk / Return Rank
FMGAX
FZROX
FMGAX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) 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.
| FMGAX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.98 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.50 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.51 | +0.34 |
Martin ratioReturn relative to average drawdown | 5.30 | 7.28 | -1.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMGAX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.98 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.62 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.63 | +0.14 |
Correlation
The correlation between FMGAX and FZROX is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FMGAX vs. FZROX - Dividend Comparison
FMGAX's dividend yield for the trailing twelve months is around 3.29%, more than FZROX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMGAX Fidelity Advisor Mortgage Securities Fund Class A | 3.29% | 3.57% | 3.19% | 2.92% | 1.14% | 0.48% | 2.06% | 2.25% | 2.22% | 2.26% | 2.28% | 1.72% |
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
FMGAX vs. FZROX - Drawdown Comparison
The maximum FMGAX drawdown since its inception was -19.51%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FMGAX and FZROX.
Loading graphics...
Drawdown Indicators
| FMGAX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.51% | -34.96% | +15.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -12.44% | +9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.18% | -25.12% | +5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -19.51% | — | — |
Current DrawdownCurrent decline from peak | -3.46% | -6.16% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -5.61% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 2.58% | -1.48% |
Volatility
FMGAX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) is 1.57%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 5.52%. This indicates that FMGAX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FMGAX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 5.52% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 9.81% | -7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 18.68% | -14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 17.45% | -10.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 20.28% | -15.18% |