FNITX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor New Insights Fund Class M (FNITX) and Fidelity Total Market Index Fund (FSKAX).
FNITX is managed by Fidelity. It was launched on Jul 31, 2003. FSKAX is managed by Fidelity.
Performance
FNITX vs. FSKAX - Performance Comparison
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FNITX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNITX Fidelity Advisor New Insights Fund Class M | -7.56% | 22.36% | 34.61% | 35.61% | -26.67% | 24.10% | 23.30% | 28.81% | -4.89% | 27.76% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FNITX achieves a -7.56% return, which is significantly lower than FSKAX's -6.77% return. Over the past 10 years, FNITX has outperformed FSKAX with an annualized return of 14.45%, while FSKAX has yielded a comparatively lower 13.23% annualized return.
FNITX
- 1D
- -0.54%
- 1M
- -9.30%
- YTD
- -7.56%
- 6M
- -4.32%
- 1Y
- 19.87%
- 3Y*
- 23.36%
- 5Y*
- 12.89%
- 10Y*
- 14.45%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FNITX vs. FSKAX - Expense Ratio Comparison
FNITX has a 1.18% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FNITX vs. FSKAX — Risk / Return Rank
FNITX
FSKAX
FNITX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class M (FNITX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FNITX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.83 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.29 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.04 | +0.52 |
Martin ratioReturn relative to average drawdown | 6.32 | 5.05 | +1.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNITX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.83 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.59 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.72 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.78 | -0.19 |
Correlation
The correlation between FNITX and FSKAX is 0.94, 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.
Dividends
FNITX vs. FSKAX - Dividend Comparison
FNITX's dividend yield for the trailing twelve months is around 11.07%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNITX Fidelity Advisor New Insights Fund Class M | 11.07% | 11.08% | 6.33% | 6.43% | 18.00% | 13.42% | 8.54% | 6.62% | 14.33% | 7.86% | 4.99% | 4.45% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FNITX vs. FSKAX - Drawdown Comparison
The maximum FNITX drawdown since its inception was -49.84%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FNITX and FSKAX.
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Drawdown Indicators
| FNITX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -35.01% | -14.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -12.42% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -32.06% | -25.39% | -6.67% |
Max Drawdown (10Y)Largest decline over 10 years | -32.06% | -35.01% | +2.95% |
Current DrawdownCurrent decline from peak | -10.45% | -8.92% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -4.05% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.57% | +0.11% |
Volatility
FNITX vs. FSKAX - Volatility Comparison
Fidelity Advisor New Insights Fund Class M (FNITX) has a higher volatility of 5.28% compared to Fidelity Total Market Index Fund (FSKAX) at 4.42%. This indicates that FNITX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNITX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 4.42% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 9.40% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 18.50% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 17.38% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.21% | 18.42% | +0.79% |