FVIIX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class I (FVIIX) and Fidelity ZERO Total Market Index Fund (FZROX).
FVIIX is managed by Fidelity. It was launched on Oct 24, 2006. FZROX is managed by Fidelity.
Performance
FVIIX vs. FZROX - Performance Comparison
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FVIIX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FVIIX Fidelity Advisor Government Income Fund Class I | -0.14% | 6.52% | 0.07% | 3.80% | -13.09% | -2.26% | 6.85% | 6.27% | 1.71% |
FZROX Fidelity ZERO Total Market Index Fund | -6.77% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Returns By Period
In the year-to-date period, FVIIX achieves a -0.14% return, which is significantly higher than FZROX's -6.77% return.
FVIIX
- 1D
- 0.55%
- 1M
- -2.02%
- YTD
- -0.14%
- 6M
- 0.75%
- 1Y
- 3.36%
- 3Y*
- 2.38%
- 5Y*
- -0.54%
- 10Y*
- 0.75%
FZROX
- 1D
- -0.45%
- 1M
- -7.71%
- YTD
- -6.77%
- 6M
- -4.49%
- 1Y
- 14.82%
- 3Y*
- 16.81%
- 5Y*
- 10.36%
- 10Y*
- —
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FVIIX vs. FZROX - Expense Ratio Comparison
FVIIX has a 0.49% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FVIIX vs. FZROX — Risk / Return Rank
FVIIX
FZROX
FVIIX vs. FZROX - 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 Total Market Index Fund (FZROX). 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.
| FVIIX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.84 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.30 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.05 | +0.50 |
Martin ratioReturn relative to average drawdown | 4.21 | 5.11 | -0.91 |
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
| FVIIX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.84 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.60 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.61 | -0.09 |
Correlation
The correlation between FVIIX and FZROX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FVIIX vs. FZROX - Dividend Comparison
FVIIX's dividend yield for the trailing twelve months is around 3.09%, more than FZROX's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVIIX Fidelity Advisor Government Income Fund Class I | 3.09% | 3.33% | 3.18% | 2.29% | 1.09% | 0.58% | 2.35% | 2.07% | 2.02% | 1.75% | 2.64% | 2.21% |
FZROX Fidelity ZERO Total Market Index Fund | 1.10% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FVIIX vs. FZROX - Drawdown Comparison
The maximum FVIIX drawdown since its inception was -20.08%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FVIIX and FZROX.
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Drawdown Indicators
| FVIIX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.08% | -34.96% | +14.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -12.44% | +9.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | -25.12% | +6.99% |
Max Drawdown (10Y)Largest decline over 10 years | -20.08% | — | — |
Current DrawdownCurrent decline from peak | -7.60% | -8.89% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -5.61% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.56% | -1.51% |
Volatility
FVIIX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor Government Income Fund Class I (FVIIX) is 1.47%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.41%. This indicates that FVIIX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVIIX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 4.41% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 9.34% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 18.49% | -14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 17.40% | -11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 20.25% | -15.23% |