FMSCX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) and Fidelity ZERO Total Market Index Fund (FZROX).
FMSCX is managed by Fidelity. It was launched on Mar 3, 1997. FZROX is managed by Fidelity.
Performance
FMSCX vs. FZROX - Performance Comparison
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FMSCX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMSCX Fidelity Advisor Mortgage Securities Fund Class I | -0.13% | 8.25% | 0.29% | 4.54% | -12.63% | -1.17% | 4.27% | 6.17% | 1.67% |
FZROX Fidelity ZERO Total Market Index Fund | -6.77% | 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, FMSCX achieves a -0.13% return, which is significantly higher than FZROX's -6.77% return.
FMSCX
- 1D
- 0.51%
- 1M
- -2.17%
- YTD
- -0.13%
- 6M
- 1.31%
- 1Y
- 4.83%
- 3Y*
- 3.44%
- 5Y*
- -0.20%
- 10Y*
- 1.11%
FZROX
- 1D
- -0.45%
- 1M
- -7.71%
- YTD
- -6.77%
- 6M
- -4.49%
- 1Y
- 14.82%
- 3Y*
- 16.81%
- 5Y*
- 10.36%
- 10Y*
- —
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FMSCX vs. FZROX - Expense Ratio Comparison
FMSCX has a 0.51% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FMSCX vs. FZROX — Risk / Return Rank
FMSCX
FZROX
FMSCX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) 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.
| FMSCX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.84 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.30 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.05 | +0.91 |
Martin ratioReturn relative to average drawdown | 5.53 | 5.11 | +0.41 |
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
| FMSCX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.84 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.60 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.61 | +0.24 |
Correlation
The correlation between FMSCX 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
FMSCX vs. FZROX - Dividend Comparison
FMSCX's dividend yield for the trailing twelve months is around 3.48%, more than FZROX's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSCX Fidelity Advisor Mortgage Securities Fund Class I | 3.48% | 3.78% | 3.42% | 3.18% | 1.37% | 0.75% | 2.26% | 2.37% | 2.53% | 2.55% | 2.60% | 2.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.10% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMSCX vs. FZROX - Drawdown Comparison
The maximum FMSCX drawdown since its inception was -18.90%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FMSCX and FZROX.
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Drawdown Indicators
| FMSCX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -34.96% | +16.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -12.44% | +9.42% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -25.12% | +6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | — | — |
Current DrawdownCurrent decline from peak | -2.35% | -8.89% | +6.54% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -5.61% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.56% | -1.49% |
Volatility
FMSCX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) is 1.58%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.41%. This indicates that FMSCX 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.
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Volatility by Period
| FMSCX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 4.41% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 9.34% | -6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 18.49% | -13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 17.40% | -10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 20.25% | -15.15% |