FMPAX vs. FNILX
Compare and contrast key facts about Fidelity Advisor Mid Cap Value Fund Class A (FMPAX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FMPAX is managed by Fidelity. It was launched on Feb 13, 2007. FNILX is managed by Fidelity.
Performance
FMPAX vs. FNILX - Performance Comparison
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FMPAX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMPAX Fidelity Advisor Mid Cap Value Fund Class A | 0.50% | 12.75% | 14.22% | 22.18% | -10.89% | 33.60% | 0.68% | 23.19% | -16.27% |
FNILX Fidelity ZERO Large Cap Index Fund | -4.59% | 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, FMPAX achieves a 0.50% return, which is significantly higher than FNILX's -4.59% return.
FMPAX
- 1D
- -1.09%
- 1M
- -9.33%
- YTD
- 0.50%
- 6M
- 5.56%
- 1Y
- 18.97%
- 3Y*
- 15.78%
- 5Y*
- 9.93%
- 10Y*
- 9.34%
FNILX
- 1D
- 2.92%
- 1M
- -4.98%
- YTD
- -4.59%
- 6M
- -2.55%
- 1Y
- 17.28%
- 3Y*
- 18.57%
- 5Y*
- 11.53%
- 10Y*
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FMPAX vs. FNILX - Expense Ratio Comparison
FMPAX has a 0.86% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FMPAX vs. FNILX — Risk / Return Rank
FMPAX
FNILX
FMPAX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap Value Fund Class A (FMPAX) 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.
| FMPAX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.97 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.48 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.51 | -0.33 |
Martin ratioReturn relative to average drawdown | 4.82 | 7.14 | -2.33 |
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
| FMPAX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.97 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.67 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.66 | -0.30 |
Correlation
The correlation between FMPAX and FNILX is 0.80, 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
FMPAX vs. FNILX - Dividend Comparison
FMPAX's dividend yield for the trailing twelve months is around 7.78%, more than FNILX's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMPAX Fidelity Advisor Mid Cap Value Fund Class A | 7.78% | 8.24% | 10.38% | 0.96% | 13.09% | 1.08% | 1.78% | 1.61% | 14.62% | 8.77% | 1.11% | 4.99% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.06% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMPAX vs. FNILX - Drawdown Comparison
The maximum FMPAX drawdown since its inception was -63.15%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FMPAX and FNILX.
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Drawdown Indicators
| FMPAX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.15% | -33.76% | -29.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.74% | -12.18% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -23.79% | -25.40% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -45.47% | — | — |
Current DrawdownCurrent decline from peak | -10.34% | -6.36% | -3.98% |
Average DrawdownAverage peak-to-trough decline | -9.80% | -5.47% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.57% | +1.03% |
Volatility
FMPAX vs. FNILX - Volatility Comparison
Fidelity Advisor Mid Cap Value Fund Class A (FMPAX) has a higher volatility of 5.65% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 5.33%. This indicates that FMPAX'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.
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Volatility by Period
| FMPAX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 5.33% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.77% | 9.59% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.44% | 18.44% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.08% | 17.27% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.04% | 20.19% | +0.85% |