FNILX vs. FZROX
Compare and contrast key facts about Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity ZERO Total Market Index Fund (FZROX).
FNILX is managed by Fidelity. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNILX or FZROX.
Key characteristics
| FNILX | FZROX | |
|---|---|---|
| YTD Return | 8.01% | 7.34% |
| 1Y Return | 29.18% | 28.35% |
| 3Y Return (Ann) | 8.52% | 7.47% |
| 5Y Return (Ann) | 13.65% | 12.94% |
| Sharpe Ratio | 2.39 | 2.27 |
| Daily Std Dev | 11.85% | 12.05% |
| Max Drawdown | -33.75% | -34.96% |
| Current Drawdown | -2.26% | -2.51% |
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
In the year-to-date period, FNILX achieves a 8.01% return, which is significantly higher than FZROX's 7.34% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
FNILX vs. FZROX - Dividend Comparison
FNILX's dividend yield for the trailing twelve months is around 1.24%, less than FZROX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 1.24% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
FZROX Fidelity ZERO Total Market Index Fund | 1.27% | 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.
Volatility
FNILX vs. FZROX - Volatility Comparison
Fidelity ZERO Large Cap Index Fund (FNILX) and Fidelity ZERO Total Market Index Fund (FZROX) have volatilities of 4.16% and 4.17%, 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.