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

Correlation

The correlation between FNILX and FZROX is 0.99, 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. FZROX - Performance Comparison

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

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Key characteristics

Sharpe Ratio

FNILX:

0.73

FZROX:

0.68

Sortino Ratio

FNILX:

1.21

FZROX:

1.14

Omega Ratio

FNILX:

1.18

FZROX:

1.17

Calmar Ratio

FNILX:

0.82

FZROX:

0.75

Martin Ratio

FNILX:

3.12

FZROX:

2.83

Ulcer Index

FNILX:

5.00%

FZROX:

5.11%

Daily Std Dev

FNILX:

19.85%

FZROX:

19.99%

Max Drawdown

FNILX:

-33.75%

FZROX:

-34.96%

Current Drawdown

FNILX:

-2.78%

FZROX:

-3.00%

Returns By Period

In the year-to-date period, FNILX achieves a 1.82% return, which is significantly higher than FZROX's 1.47% return.


FNILX

YTD

1.82%

1M

13.18%

6M

2.26%

1Y

14.25%

5Y*

16.83%

10Y*

N/A

FZROX

YTD

1.47%

1M

13.20%

6M

1.66%

1Y

13.29%

5Y*

16.45%

10Y*

N/A

*Annualized

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FNILX vs. FZROX - Expense Ratio Comparison

FNILX has a 0.00% expense ratio, which is lower than FZROX's 0.00% 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. FZROX — 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 7272
Overall Rank
The Sharpe Ratio Rank of FNILX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of FNILX is 7070
Sortino Ratio Rank
The Omega Ratio Rank of FNILX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of FNILX is 7777
Calmar Ratio Rank
The Martin Ratio Rank of FNILX is 7373
Martin Ratio Rank

FZROX
The Risk-Adjusted Performance Rank of FZROX is 6969
Overall Rank
The Sharpe Ratio Rank of FZROX is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of FZROX is 6666
Sortino Ratio Rank
The Omega Ratio Rank of FZROX is 7171
Omega Ratio Rank
The Calmar Ratio Rank of FZROX is 7373
Calmar Ratio Rank
The Martin Ratio Rank of FZROX is 6969
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. FZROX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity ZERO Total Market Index Fund (FZROX). 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 current FNILX Sharpe Ratio is 0.73, which is comparable to the FZROX Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of FNILX and FZROX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FNILX vs. FZROX - Dividend Comparison

FNILX's dividend yield for the trailing twelve months is around 1.07%, less than FZROX's 1.14% yield.


TTM2024202320222021202020192018
FNILX
Fidelity ZERO Large Cap Index Fund
1.07%1.09%1.34%1.53%0.95%1.20%1.17%0.53%
FZROX
Fidelity ZERO Total Market Index Fund
1.14%1.16%1.36%1.57%1.25%1.27%1.51%0.74%

Drawdowns

FNILX vs. FZROX - Drawdown Comparison

The maximum FNILX drawdown since its inception was -33.75%, roughly equal to the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FNILX and FZROX. For additional features, visit the drawdowns tool.


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Volatility

FNILX vs. FZROX - Volatility Comparison

Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity ZERO Total Market Index Fund (FZROX) have volatilities of 5.52% and 5.62%, 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.


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