FNILX vs. FXAIX
Compare and contrast key facts about Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity 500 Index Fund (FXAIX).
FNILX is managed by Fidelity. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNILX or FXAIX.
Performance
FNILX vs. FXAIX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FNILX having a 26.77% return and FXAIX slightly lower at 26.26%.
FNILX
26.77%
2.15%
14.10%
33.15%
15.81%
N/A
FXAIX
26.26%
1.79%
13.68%
32.38%
15.71%
13.07%
Key characteristics
| FNILX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 2.71 | 2.69 |
| Sortino Ratio | 3.60 | 3.59 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 3.90 | 3.90 |
| Martin Ratio | 17.67 | 17.53 |
| Ulcer Index | 1.90% | 1.88% |
| Daily Std Dev | 12.40% | 12.24% |
| Max Drawdown | -33.75% | -33.79% |
| Current Drawdown | -0.70% | -0.81% |
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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%.
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.
Risk-Adjusted Performance
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.
Dividends
FNILX vs. FXAIX - Dividend Comparison
FNILX's dividend yield for the trailing twelve months is around 1.06%, less than FXAIX's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 1.06% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.22% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
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.
Volatility
FNILX vs. FXAIX - Volatility Comparison
Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.02% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.