FTEIX vs. FNILX
FTEIX (Fidelity Advisor Total International Equity Fund Class I) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - FTEIX is a Foreign Large Cap Equities fund managed by Fidelity, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FTEIX returned 9.11%/yr vs 12.77%/yr for FNILX. A 0.80 correlation means they provide meaningful diversification when combined. FTEIX charges 1.05%/yr vs 0.00%/yr for FNILX.
Performance
FTEIX vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, FTEIX achieves a 12.70% return, which is significantly higher than FNILX's 9.80% return.
FTEIX
- 1D
- 0.54%
- 1M
- -1.00%
- 6M
- 11.13%
- YTD
- 12.70%
- 1Y
- 25.07%
- 3Y*
- 18.82%
- 5Y*
- 9.11%
- 10Y*
- 11.02%
FNILX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- 9.57%
- YTD
- 9.80%
- 1Y
- 20.21%
- 3Y*
- 20.73%
- 5Y*
- 12.77%
- 10Y*
- —
FTEIX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FTEIX Fidelity Advisor Total International Equity Fund Class I | 12.70% | 32.53% | 6.45% | 16.27% | -17.02% | 11.06% | 17.99% | 27.51% | -13.10% |
FNILX Fidelity ZERO Large Cap Index Fund | 9.80% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Correlation
The correlation between FTEIX and FNILX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.80 |
The correlation between FTEIX and FNILX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
FTEIX vs. FNILX — Risk / Return Rank
FTEIX
FNILX
FTEIX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total International Equity Fund Class I (FTEIX) 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.
| FTEIX | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.37 | -0.19 |
| Martin ratioReturn relative to average drawdown | 8.47 | 10.20 | -1.73 |
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Drawdowns
FTEIX vs. FNILX - Drawdown Comparison
The maximum FTEIX drawdown since its inception was -61.85%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FTEIX and FNILX.
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Drawdown Indicators
| FTEIX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.85% | -33.76% | -28.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -9.01% | -2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -19.08% | +4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -30.04% | -25.40% | -4.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.37% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.58% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -13.19% | -5.33% | -7.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.09% | +0.92% |
Volatility
FTEIX vs. FNILX - Volatility Comparison
Fidelity Advisor Total International Equity Fund Class I (FTEIX) has a higher volatility of 7.30% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 5.14%. This indicates that FTEIX'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
| FTEIX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 5.14% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 10.02% | +4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | 12.65% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.42% | 17.36% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 20.01% | -3.29% |
FTEIX vs. FNILX - Expense Ratio Comparison
FTEIX has a 1.05% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Dividends
FTEIX vs. FNILX - Dividend Comparison
FTEIX's dividend yield for the trailing twelve months is around 0.80%, less than FNILX's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
FTEIX Fidelity Advisor Total International Equity Fund Class I | 0.80% | 0.90% | 1.43% | 1.33% | 1.07% | 8.71% | 2.46% | 1.72% | 0.85% | 4.29% | 1.33% | 1.15% |
Frequently Asked Questions
FTEIX and FNILX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTEIX has higher volatility (7.30%) compared to FNILX (5.14%). In terms of maximum drawdown, FTEIX dropped -61.85% vs FNILX's -33.76%.
FNILX currently has the higher Sharpe Ratio (1.69 vs 1.58), 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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