FVIIX vs. FNILX
FVIIX (Fidelity Advisor Government Income Fund Class I) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - FVIIX is a Government Bonds fund managed by Fidelity, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FVIIX returned -0.72%/yr vs 13.32%/yr for FNILX. At a correlation of -0.01, they often move in opposite directions. FVIIX charges 0.49%/yr vs 0.00%/yr for FNILX.
Performance
FVIIX vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, FVIIX achieves a 0.09% return, which is significantly lower than FNILX's 9.63% return.
FVIIX
- 1D
- -0.22%
- 1M
- 0.64%
- YTD
- 0.09%
- 6M
- 0.36%
- 1Y
- 3.59%
- 3Y*
- 2.80%
- 5Y*
- -0.72%
- 10Y*
- 0.65%
FNILX
- 1D
- -0.37%
- 1M
- 0.34%
- YTD
- 9.63%
- 6M
- 8.65%
- 1Y
- 25.14%
- 3Y*
- 21.66%
- 5Y*
- 13.32%
- 10Y*
- —
FVIIX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FVIIX Fidelity Advisor Government Income Fund Class I | 0.09% | 6.52% | 0.07% | 3.80% | -13.09% | -2.26% | 6.85% | 6.27% | 2.46% |
FNILX Fidelity ZERO Large Cap Index Fund | 9.63% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Correlation
The correlation between FVIIX and FNILX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | -0.01 |
The correlation between FVIIX and FNILX shifts across timeframes, from -0.01 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FVIIX vs. FNILX — Risk / Return Rank
FVIIX
FNILX
FVIIX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class I (FVIIX) 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.
| FVIIX | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.94 | -1.64 |
| Martin ratioReturn relative to average drawdown | 3.57 | 12.99 | -9.42 |
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Drawdowns
FVIIX vs. FNILX - Drawdown Comparison
The maximum FVIIX drawdown since its inception was -20.08%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FVIIX and FNILX.
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Drawdown Indicators
| FVIIX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.08% | -33.76% | +13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -9.01% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -19.08% | +12.65% |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | -25.40% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -20.08% | — | — |
Current DrawdownCurrent decline from peak | -7.38% | -1.73% | -5.65% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -5.35% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.03% | -0.96% |
Volatility
FVIIX vs. FNILX - Volatility Comparison
The current volatility for Fidelity Advisor Government Income Fund Class I (FVIIX) is 1.09%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.82%. This indicates that FVIIX experiences smaller price fluctuations and is considered to be less risky 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
| FVIIX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 4.82% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 9.90% | -7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 12.61% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 17.34% | -11.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 20.04% | -15.01% |
FVIIX vs. FNILX - Expense Ratio Comparison
FVIIX has a 0.49% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Dividends
FVIIX vs. FNILX - Dividend Comparison
FVIIX's dividend yield for the trailing twelve months is around 3.45%, more 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% |
FVIIX Fidelity Advisor Government Income Fund Class I | 3.45% | 3.33% | 3.18% | 2.29% | 1.09% | 0.58% | 2.35% | 2.07% | 2.02% | 1.75% | 2.64% | 2.21% |
Frequently Asked Questions
FVIIX and FNILX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNILX has higher volatility (4.82%) compared to FVIIX (1.09%). In terms of maximum drawdown, FVIIX dropped -20.08% vs FNILX's -33.76%.
FNILX currently has the higher Sharpe Ratio (2.10 vs 1.04), 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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