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FNILX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FNILX and FXAIX is 1.00, 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.


-0.50.00.51.0
Correlation: 1.0

Performance

FNILX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

100.00%110.00%120.00%130.00%140.00%NovemberDecember2025FebruaryMarchApril
117.56%
105.44%
FNILX
FXAIX

Key characteristics

Sharpe Ratio

FNILX:

0.69

FXAIX:

0.34

Sortino Ratio

FNILX:

1.00

FXAIX:

0.54

Omega Ratio

FNILX:

1.13

FXAIX:

1.07

Calmar Ratio

FNILX:

0.95

FXAIX:

0.42

Martin Ratio

FNILX:

3.15

FXAIX:

1.62

Ulcer Index

FNILX:

3.12%

FXAIX:

3.12%

Daily Std Dev

FNILX:

14.22%

FXAIX:

14.79%

Max Drawdown

FNILX:

-33.75%

FXAIX:

-33.79%

Current Drawdown

FNILX:

-7.85%

FXAIX:

-12.01%

Returns By Period

In the year-to-date period, FNILX achieves a -3.49% return, which is significantly higher than FXAIX's -7.94% return.


FNILX

YTD

-3.49%

1M

-3.07%

6M

0.17%

1Y

10.59%

5Y*

19.80%

10Y*

N/A

FXAIX

YTD

-7.94%

1M

-6.49%

6M

-4.69%

1Y

4.96%

5Y*

18.62%

10Y*

11.82%

*Annualized

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FNILX vs. FXAIX - Expense Ratio Comparison

FNILX has a 0.00% expense ratio, which is lower than FXAIX's 0.02% 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%.


Expense ratio chart for FXAIX: current value is 0.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FXAIX: 0.02%
Expense ratio chart for FNILX: current value is 0.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FNILX: 0.00%

Risk-Adjusted Performance

FNILX vs. FXAIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNILX
The Risk-Adjusted Performance Rank of FNILX is 7373
Overall Rank
The Sharpe Ratio Rank of FNILX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of FNILX is 6868
Sortino Ratio Rank
The Omega Ratio Rank of FNILX is 6969
Omega Ratio Rank
The Calmar Ratio Rank of FNILX is 8383
Calmar Ratio Rank
The Martin Ratio Rank of FNILX is 7676
Martin Ratio Rank

FXAIX
The Risk-Adjusted Performance Rank of FXAIX is 4949
Overall Rank
The Sharpe Ratio Rank of FXAIX is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of FXAIX is 4444
Sortino Ratio Rank
The Omega Ratio Rank of FXAIX is 4646
Omega Ratio Rank
The Calmar Ratio Rank of FXAIX is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FXAIX is 5252
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FNILX vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity 500 Index Fund (FXAIX). 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.


The chart of Sharpe ratio for FNILX, currently valued at 0.75, compared to the broader market-1.000.001.002.003.004.00
FNILX: 0.75
FXAIX: 0.34
The chart of Sortino ratio for FNILX, currently valued at 1.07, compared to the broader market0.002.004.006.008.00
FNILX: 1.07
FXAIX: 0.54
The chart of Omega ratio for FNILX, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.003.50
FNILX: 1.14
FXAIX: 1.07
The chart of Calmar ratio for FNILX, currently valued at 1.03, compared to the broader market0.002.004.006.008.0010.0012.00
FNILX: 1.03
FXAIX: 0.42
The chart of Martin ratio for FNILX, currently valued at 3.35, compared to the broader market0.0020.0040.0060.00
FNILX: 3.36
FXAIX: 1.62

The current FNILX Sharpe Ratio is 0.69, which is higher than the FXAIX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of FNILX and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.75
0.34
FNILX
FXAIX

Dividends

FNILX vs. FXAIX - Dividend Comparison

FNILX's dividend yield for the trailing twelve months is around 1.13%, less than FXAIX's 1.35% yield.


TTM20242023202220212020201920182017201620152014
FNILX
Fidelity ZERO Large Cap Index Fund
1.13%1.09%1.34%1.53%0.95%1.20%1.17%0.41%0.00%0.00%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
1.35%1.25%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%

Drawdowns

FNILX vs. FXAIX - Drawdown Comparison

The maximum FNILX drawdown since its inception was -33.75%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FNILX and FXAIX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-7.85%
-12.01%
FNILX
FXAIX

Volatility

FNILX vs. FXAIX - Volatility Comparison

The current volatility for Fidelity ZERO Large Cap Index Fund (FNILX) is 5.74%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 7.38%. This indicates that FNILX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%NovemberDecember2025FebruaryMarchApril
5.74%
7.38%
FNILX
FXAIX