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.
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.
Performance
FNILX vs. FXAIX - Performance Comparison
Key characteristics
FNILX:
2.13
FXAIX:
2.20
FNILX:
2.84
FXAIX:
2.93
FNILX:
1.39
FXAIX:
1.41
FNILX:
3.15
FXAIX:
3.26
FNILX:
13.80
FXAIX:
14.39
FNILX:
1.97%
FXAIX:
1.91%
FNILX:
12.77%
FXAIX:
12.50%
FNILX:
-33.75%
FXAIX:
-33.79%
FNILX:
-3.70%
FXAIX:
-2.91%
Returns By Period
The year-to-date returns for both investments are quite close, with FNILX having a 25.28% return and FXAIX slightly higher at 25.57%.
FNILX
25.28%
-0.61%
8.70%
25.91%
14.69%
N/A
FXAIX
25.57%
0.00%
8.86%
26.21%
14.72%
12.86%
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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%.
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 0.02%, less than FXAIX's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 0.02% | 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 | 0.88% | 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) has a higher volatility of 4.08% compared to Fidelity 500 Index Fund (FXAIX) at 3.70%. This indicates that FNILX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.