FNILX vs. BAC
FNILX (Fidelity ZERO Large Cap Index Fund) is Large Cap Blend Equities fund managed by Fidelity, while BAC (Bank of America Corporation) is a stock. Over the past 5 years, FNILX returned 13.10%/yr vs 8.79%/yr for BAC. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
FNILX vs. BAC - Performance Comparison
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Returns By Period
In the year-to-date period, FNILX achieves a 8.36% return, which is significantly higher than BAC's 3.72% return.
FNILX
- 1D
- 1.81%
- 1M
- -1.16%
- YTD
- 8.36%
- 6M
- 8.67%
- 1Y
- 24.79%
- 3Y*
- 21.29%
- 5Y*
- 13.10%
- 10Y*
- —
BAC
- 1D
- 2.31%
- 1M
- 13.79%
- YTD
- 3.72%
- 6M
- 3.46%
- 1Y
- 30.78%
- 3Y*
- 27.43%
- 5Y*
- 8.79%
- 10Y*
- 18.19%
FNILX vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 8.36% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
BAC Bank of America Corporation | 3.72% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -17.24% |
Correlation
The correlation between FNILX and BAC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.57 |
The correlation between FNILX and BAC shifts across timeframes, from 0.46 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FNILX vs. BAC — Risk / Return Rank
FNILX
BAC
FNILX vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) and Bank of America Corporation (BAC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNILX | BAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.64 | +1.02 |
| Martin ratioReturn relative to average drawdown | 11.84 | 4.21 | +7.62 |
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Drawdowns
FNILX vs. BAC - Drawdown Comparison
The maximum FNILX drawdown since its inception was -33.76%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for FNILX and BAC.
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Drawdown Indicators
| FNILX | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -93.10% | +59.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -17.93% | +8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.08% | -27.51% | +8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -46.64% | +21.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.95% | — |
Current DrawdownCurrent decline from peak | -2.87% | -0.36% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -28.30% | +22.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 6.96% | -4.94% |
Volatility
FNILX vs. BAC - Volatility Comparison
The current volatility for Fidelity ZERO Large Cap Index Fund (FNILX) is 4.59%, while Bank of America Corporation (BAC) has a volatility of 5.49%. This indicates that FNILX experiences smaller price fluctuations and is considered to be less risky than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNILX | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 5.49% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 16.57% | -6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 21.62% | -9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 26.89% | -9.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.05% | 30.68% | -10.63% |
Dividends
FNILX vs. BAC - Dividend Comparison
FNILX's dividend yield for the trailing twelve months is around 0.93%, less than BAC's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.72% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
FNILX Fidelity ZERO Large Cap Index Fund | 0.93% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FNILX and BAC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAC has higher volatility (5.49%) compared to FNILX (4.59%). In terms of maximum drawdown, FNILX dropped -33.76% vs BAC's -93.10%.
FNILX currently has the higher Sharpe Ratio (1.92 vs 1.36), 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.
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