FNILX vs. FFNOX
Compare and contrast key facts about Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity Multi-Asset Index Fund (FFNOX).
FNILX is managed by Fidelity. FFNOX is managed by Fidelity. It was launched on Jun 29, 1999.
Performance
FNILX vs. FFNOX - Performance Comparison
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FNILX vs. FFNOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | -7.30% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
FFNOX Fidelity Multi-Asset Index Fund | -3.78% | 20.18% | 13.05% | 19.29% | -18.02% | 17.05% | 16.30% | 25.09% | -11.59% |
Returns By Period
In the year-to-date period, FNILX achieves a -7.30% return, which is significantly lower than FFNOX's -3.78% return.
FNILX
- 1D
- -0.35%
- 1M
- -7.60%
- YTD
- -7.30%
- 6M
- -5.00%
- 1Y
- 14.41%
- 3Y*
- 17.43%
- 5Y*
- 11.17%
- 10Y*
- —
FFNOX
- 1D
- -0.16%
- 1M
- -8.18%
- YTD
- -3.78%
- 6M
- -1.17%
- 1Y
- 15.66%
- 3Y*
- 13.45%
- 5Y*
- 7.51%
- 10Y*
- 9.90%
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FNILX vs. FFNOX - Expense Ratio Comparison
FNILX has a 0.00% expense ratio, which is lower than FFNOX's 0.11% 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
FNILX vs. FFNOX — Risk / Return Rank
FNILX
FFNOX
FNILX vs. FFNOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity Multi-Asset Index Fund (FFNOX). 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.
| FNILX | FFNOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.08 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.58 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.36 | -0.31 |
Martin ratioReturn relative to average drawdown | 5.01 | 6.23 | -1.22 |
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
| FNILX | FFNOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.08 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.55 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.41 | +0.23 |
Correlation
The correlation between FNILX and FFNOX is 0.96, 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
FNILX vs. FFNOX - Dividend Comparison
FNILX's dividend yield for the trailing twelve months is around 1.09%, less than FFNOX's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 1.09% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
FFNOX Fidelity Multi-Asset Index Fund | 3.82% | 3.68% | 6.43% | 3.18% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 0.64% | 2.50% | 0.70% |
Drawdowns
FNILX vs. FFNOX - Drawdown Comparison
The maximum FNILX drawdown since its inception was -33.76%, smaller than the maximum FFNOX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for FNILX and FFNOX.
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Drawdown Indicators
| FNILX | FFNOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -49.84% | +16.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -10.38% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -26.04% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.93% | — |
Current DrawdownCurrent decline from peak | -9.01% | -8.60% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -8.75% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.26% | +0.28% |
Volatility
FNILX vs. FFNOX - Volatility Comparison
The current volatility for Fidelity ZERO Large Cap Index Fund (FNILX) is 4.23%, while Fidelity Multi-Asset Index Fund (FFNOX) has a volatility of 4.81%. This indicates that FNILX experiences smaller price fluctuations and is considered to be less risky than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNILX | FFNOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 4.81% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 8.33% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 14.47% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 13.64% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.17% | 14.50% | +5.67% |