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FXAIX vs. FNILX

Last updated Feb 24, 2024

Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity ZERO Large Cap Index Fund (FNILX).

FXAIX is managed by Fidelity. FNILX is managed by Fidelity.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXAIX or FNILX.

Key characteristics


FXAIXFNILX
YTD Return6.91%6.94%
1Y Return28.88%29.72%
3Y Return (Ann)11.18%10.48%
5Y Return (Ann)14.68%14.74%
Sharpe Ratio2.382.42
Daily Std Dev12.44%12.54%
Max Drawdown-33.79%-33.75%
Current Drawdown0.00%0.00%

Correlation

1.00
-1.001.00

The correlation between FXAIX and FNILX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

FXAIX vs. FNILX - Performance Comparison

The year-to-date returns for both investments are quite close, with FXAIX having a 6.91% return and FNILX slightly higher at 6.94%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


50.00%60.00%70.00%80.00%90.00%SeptemberOctoberNovemberDecember2024February
92.08%
92.39%
FXAIX
FNILX

Compare stocks, funds, or ETFs


Fidelity 500 Index Fund

Fidelity ZERO Large Cap Index Fund

FXAIX vs. FNILX - Dividend Comparison

FXAIX's dividend yield for the trailing twelve months is around 1.36%, more than FNILX's 1.25% yield.


TTM20232022202120202019201820172016201520142013
FXAIX
Fidelity 500 Index Fund
1.36%1.45%1.69%1.22%1.60%2.06%2.72%1.97%2.52%2.83%2.63%1.84%
FNILX
Fidelity ZERO Large Cap Index Fund
1.25%1.34%1.53%0.95%1.20%1.17%0.53%0.00%0.00%0.00%0.00%0.00%

FXAIX vs. FNILX - Expense Ratio Comparison

FXAIX has a 0.02% expense ratio, which is higher than FNILX's 0.00% expense ratio.

0.02%
0.00%2.15%
0.00%
0.00%2.15%

FXAIX vs. FNILX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FXAIX
Fidelity 500 Index Fund
2.38
FNILX
Fidelity ZERO Large Cap Index Fund
2.42

FXAIX vs. FNILX - Sharpe Ratio Comparison

The current FXAIX Sharpe Ratio is 2.38, which roughly equals the FNILX Sharpe Ratio of 2.42. The chart below compares the 12-month rolling Sharpe Ratio of FXAIX and FNILX.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50SeptemberOctoberNovemberDecember2024February
2.38
2.42
FXAIX
FNILX

FXAIX vs. FNILX - Drawdown Comparison

The maximum FXAIX drawdown since its inception was -33.79%, roughly equal to the maximum FNILX drawdown of -33.75%. The drawdown chart below compares losses from any high point along the way for FXAIX and FNILX


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2024February00
FXAIX
FNILX

FXAIX vs. FNILX - Volatility Comparison

Fidelity 500 Index Fund (FXAIX) and Fidelity ZERO Large Cap Index Fund (FNILX) have volatilities of 3.91% and 3.95%, 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.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%SeptemberOctoberNovemberDecember2024February
3.91%
3.95%
FXAIX
FNILX