FXAIX vs. FZAHX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX).
FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988. FZAHX is managed by Fidelity. It was launched on Aug 13, 2013.
Performance
FXAIX vs. FZAHX - Performance Comparison
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Returns By Period
In the year-to-date period, FXAIX achieves a -3.53% return, which is significantly higher than FZAHX's -8.04% return. Over the past 10 years, FXAIX has underperformed FZAHX with an annualized return of 14.21%, while FZAHX has yielded a comparatively higher 19.83% annualized return.
FXAIX
- 1D
- 0.12%
- 1M
- -3.52%
- YTD
- -3.53%
- 6M
- -1.39%
- 1Y
- 31.33%
- 3Y*
- 18.49%
- 5Y*
- 11.97%
- 10Y*
- 14.21%
FZAHX
- 1D
- 0.33%
- 1M
- -4.48%
- YTD
- -8.04%
- 6M
- -6.86%
- 1Y
- 41.56%
- 3Y*
- 25.84%
- 5Y*
- 8.64%
- 10Y*
- 19.83%
FXAIX vs. FZAHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | -3.53% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
FZAHX Fidelity Advisor Growth Opportunities Fund Class Z | -8.04% | 22.61% | 39.23% | 45.70% | -38.18% | 11.74% | 69.25% | 40.80% | 15.25% | 35.10% |
Correlation
The correlation between FXAIX and FZAHX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
FXAIX vs. FZAHX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than FZAHX's 0.67% expense ratio.
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Return for Risk
FXAIX vs. FZAHX — Risk / Return Rank
FXAIX
FZAHX
FXAIX vs. FZAHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX). 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.
| FXAIX | FZAHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.98 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.50 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.56 | -0.05 |
Martin ratioReturn relative to average drawdown | 7.11 | 5.51 | +1.60 |
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
| FXAIX | FZAHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.98 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.35 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.83 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.79 | -0.02 |
Drawdowns
FXAIX vs. FZAHX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum FZAHX drawdown of -44.45%. Use the drawdown chart below to compare losses from any high point for FXAIX and FZAHX.
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Drawdown Indicators
| FXAIX | FZAHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -44.45% | +10.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -16.06% | +7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -44.45% | +19.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -44.45% | +10.66% |
Current DrawdownCurrent decline from peak | -5.44% | -10.69% | +5.25% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -8.30% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 4.55% | -1.98% |
Volatility
FXAIX vs. FZAHX - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 5.29%, while Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX) has a volatility of 8.38%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than FZAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | FZAHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 8.38% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 14.85% | -5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 24.42% | -6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 24.86% | -7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 23.82% | -5.77% |
Dividends
FXAIX vs. FZAHX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.15%, less than FZAHX's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 0.89% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
FZAHX Fidelity Advisor Growth Opportunities Fund Class Z | 3.92% | 3.61% | 0.00% | 0.00% | 0.00% | 9.45% | 5.15% | 3.74% | 11.00% | 7.50% | 14.42% | 10.52% |