FSRJX vs. FNILX
FSRJX (Fidelity SAI Real Estate Fund) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - FSRJX is a REIT fund actively managed by Fidelity, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past year, FSRJX returned 11.11% vs 25.14% for FNILX. At a 0.35 correlation, their price movements are largely independent. FSRJX charges 0.56%/yr vs 0.00%/yr for FNILX.
Performance
FSRJX vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, FSRJX achieves a 12.84% return, which is significantly higher than FNILX's 9.63% return.
FSRJX
- 1D
- 1.25%
- 1M
- 0.14%
- YTD
- 12.84%
- 6M
- 13.32%
- 1Y
- 11.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNILX
- 1D
- -0.37%
- 1M
- 0.34%
- YTD
- 9.63%
- 6M
- 8.65%
- 1Y
- 25.14%
- 3Y*
- 21.66%
- 5Y*
- 13.32%
- 10Y*
- —
FSRJX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSRJX Fidelity SAI Real Estate Fund | 12.84% | 2.52% | -6.54% |
FNILX Fidelity ZERO Large Cap Index Fund | 9.63% | 17.81% | 7.98% |
Correlation
The correlation between FSRJX and FNILX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | 0.35 |
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Return for Risk
FSRJX vs. FNILX — Risk / Return Rank
FSRJX
FNILX
FSRJX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Real Estate Fund (FSRJX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSRJX | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.94 | -1.30 |
| Martin ratioReturn relative to average drawdown | 4.71 | 12.99 | -8.28 |
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Drawdowns
FSRJX vs. FNILX - Drawdown Comparison
The maximum FSRJX drawdown since its inception was -15.66%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FSRJX and FNILX.
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Drawdown Indicators
| FSRJX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.66% | -33.76% | +18.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -9.01% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.40% | — |
Current DrawdownCurrent decline from peak | -1.77% | -1.73% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -5.35% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.03% | +0.69% |
Volatility
FSRJX vs. FNILX - Volatility Comparison
Fidelity SAI Real Estate Fund (FSRJX) has a higher volatility of 5.14% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.82%. This indicates that FSRJX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRJX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.82% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 9.90% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 12.61% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 17.34% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 20.04% | -3.32% |
FSRJX vs. FNILX - Expense Ratio Comparison
FSRJX has a 0.56% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Dividends
FSRJX vs. FNILX - Dividend Comparison
FSRJX's dividend yield for the trailing twelve months is around 2.15%, more than FNILX's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 0.92% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
FSRJX Fidelity SAI Real Estate Fund | 2.15% | 2.52% | 2.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSRJX and FNILX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSRJX has higher volatility (5.14%) compared to FNILX (4.82%). In terms of maximum drawdown, FSRJX dropped -15.66% vs FNILX's -33.76%.
FNILX currently has the higher Sharpe Ratio (2.10 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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