FNILX vs. IAU
Compare and contrast key facts about Fidelity ZERO Large Cap Index Fund (FNILX) and iShares Gold Trust (IAU).
FNILX is managed by Fidelity. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNILX or IAU.
Key characteristics
| FNILX | IAU | |
|---|---|---|
| YTD Return | 5.70% | 11.94% |
| 1Y Return | 24.75% | 14.22% |
| 3Y Return (Ann) | 7.50% | 9.10% |
| 5Y Return (Ann) | 13.18% | 12.43% |
| Sharpe Ratio | 1.97 | 1.32 |
| Daily Std Dev | 11.86% | 12.45% |
| Max Drawdown | -33.75% | -45.14% |
| Current Drawdown | -4.35% | -3.30% |
Correlation
The correlation between FNILX and IAU is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNILX vs. IAU - Performance Comparison
In the year-to-date period, FNILX achieves a 5.70% return, which is significantly lower than IAU's 11.94% 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. IAU - Expense Ratio Comparison
FNILX has a 0.00% expense ratio, which is lower than IAU's 0.25% 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. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) and iShares Gold Trust (IAU). 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. IAU - Dividend Comparison
FNILX's dividend yield for the trailing twelve months is around 1.27%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 1.27% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNILX vs. IAU - Drawdown Comparison
The maximum FNILX drawdown since its inception was -33.75%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for FNILX and IAU. For additional features, visit the drawdowns tool.
Volatility
FNILX vs. IAU - Volatility Comparison
The current volatility for Fidelity ZERO Large Cap Index Fund (FNILX) is 3.98%, while iShares Gold Trust (IAU) has a volatility of 5.26%. This indicates that FNILX experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.