FNILX vs. ^SP500TR
Compare and contrast key facts about Fidelity ZERO Large Cap Index Fund (FNILX) and S&P 500 Total Return (^SP500TR).
FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNILX or ^SP500TR.
Key characteristics
| FNILX | ^SP500TR | |
|---|---|---|
| YTD Return | 8.01% | 7.99% |
| 1Y Return | 29.18% | 28.23% |
| 3Y Return (Ann) | 8.52% | 8.88% |
| 5Y Return (Ann) | 13.65% | 13.61% |
| Sharpe Ratio | 2.39 | 2.33 |
| Daily Std Dev | 11.85% | 11.70% |
| Max Drawdown | -33.75% | -55.25% |
| Current Drawdown | -2.26% | -2.32% |
Correlation
The correlation between FNILX and ^SP500TR 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. ^SP500TR - Performance Comparison
The year-to-date returns for both stocks are quite close, with FNILX having a 8.01% return and ^SP500TR slightly lower at 7.99%. 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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Risk-Adjusted Performance
FNILX vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Large Cap Index Fund (FNILX) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
FNILX vs. ^SP500TR - Drawdown Comparison
The maximum FNILX drawdown since its inception was -33.75%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FNILX and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
FNILX vs. ^SP500TR - Volatility Comparison
Fidelity ZERO Large Cap Index Fund (FNILX) and S&P 500 Total Return (^SP500TR) have volatilities of 4.16% and 4.10%, 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.