FTGRX vs. FNILX
FTGRX (Fidelity Advisor Mega Cap Stock Fund Class M) and FNILX (Fidelity ZERO Large Cap Index Fund) are both Large Cap Blend Equities funds from Fidelity. Over the past 5 years, FTGRX returned 15.79%/yr vs 12.36%/yr for FNILX. Their correlation of 0.92 means they have usually moved in the same direction. FTGRX charges 1.15%/yr vs 0.00%/yr for FNILX.
Performance
FTGRX vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, FTGRX achieves a 10.36% return, which is significantly higher than FNILX's 9.06% return.
FTGRX
- 1D
- 2.11%
- 1M
- 0.15%
- 6M
- 7.11%
- YTD
- 10.36%
- 1Y
- 22.84%
- 3Y*
- 22.17%
- 5Y*
- 15.79%
- 10Y*
- 15.63%
- ALL TIME*
- 11.50%
FNILX
- 1D
- 1.68%
- 1M
- -0.67%
- 6M
- 7.78%
- YTD
- 9.06%
- 1Y
- 20.09%
- 3Y*
- 19.19%
- 5Y*
- 12.36%
- 10Y*
- —
- ALL TIME*
- 14.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FTGRX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M | 10.36% | 26.22% | 25.36% | 25.83% | -9.51% | 25.63% | 12.30% | 30.47% | -14.64% |
FNILX Fidelity ZERO Large Cap Index Fund | 9.06% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Correlation
The correlation between FTGRX and FNILX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.92 |
The correlation between FTGRX and FNILX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
FTGRX vs. FNILX — Risk / Return Rank
FTGRX
FNILX
FTGRX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) 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.
| FTGRX | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.98 | +0.30 |
| Martin ratioReturn relative to average drawdown | 9.81 | 8.30 | +1.50 |
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Drawdowns
FTGRX vs. FNILX - Drawdown Comparison
The maximum FTGRX drawdown since its inception was -52.75%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FTGRX and FNILX.
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Drawdown Indicators
| FTGRX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.75% | -33.76% | -18.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -9.01% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | -19.08% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | -25.40% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -35.31% | — | — |
Current DrawdownCurrent decline from peak | -1.43% | -2.24% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -5.30% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.14% | -0.04% |
Volatility
FTGRX vs. FNILX - Volatility Comparison
Fidelity Advisor Mega Cap Stock Fund Class M (FTGRX) and Fidelity ZERO Large Cap Index Fund (FNILX) have volatilities of 3.59% and 3.46%, 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.
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Volatility by Period
| FTGRX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 3.46% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 10.17% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 12.97% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 17.37% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 19.95% | -1.86% |
FTGRX vs. FNILX - Expense Ratio Comparison
FTGRX has a 1.15% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Dividends
FTGRX vs. FNILX - Dividend Comparison
FTGRX's dividend yield for the trailing twelve months is around 3.12%, more than FNILX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 0.93% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
FTGRX Fidelity Advisor Mega Cap Stock Fund Class M | 3.12% | 3.44% | 2.20% | 1.60% | 3.88% | 4.34% | 7.59% | 12.62% | 21.28% | 15.95% | 1.52% | 3.66% |
Frequently Asked Questions
With a correlation of 0.94, FTGRX and FNILX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FTGRX has higher volatility (3.59%) compared to FNILX (3.46%). In terms of maximum drawdown, FTGRX dropped -52.75% vs FNILX's -33.76%.
FTGRX currently has the higher Sharpe Ratio (1.60 vs 1.37), 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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