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FXAIX vs. FZROX

Last updated Feb 24, 2024

Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity ZERO Total Market Index Fund (FZROX).

FXAIX is managed by Fidelity. FZROX is managed by Fidelity.

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

Key characteristics


FXAIXFZROX
YTD Return6.91%6.26%
1Y Return28.88%27.06%
3Y Return (Ann)11.18%9.30%
5Y Return (Ann)14.68%13.89%
Sharpe Ratio2.382.17
Daily Std Dev12.44%12.80%
Max Drawdown-33.79%-34.96%
Current Drawdown0.00%0.00%

Correlation

0.99
-1.001.00

The correlation between FXAIX and FZROX is 0.99, 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. FZROX - Performance Comparison

In the year-to-date period, FXAIX achieves a 6.91% return, which is significantly higher than FZROX's 6.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%SeptemberOctoberNovemberDecember2024February
16.40%
16.33%
FXAIX
FZROX

Compare stocks, funds, or ETFs


Fidelity 500 Index Fund

Fidelity ZERO Total Market Index Fund

FXAIX vs. FZROX - Dividend Comparison

FXAIX's dividend yield for the trailing twelve months is around 1.36%, more than FZROX's 1.28% 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%
FZROX
Fidelity ZERO Total Market Index Fund
1.28%1.36%1.57%1.25%1.27%1.51%0.74%0.00%0.00%0.00%0.00%0.00%

FXAIX vs. FZROX - Expense Ratio Comparison

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

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

FXAIX vs. FZROX - Risk-Adjusted Performance Comparison

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


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FXAIX
Fidelity 500 Index Fund
2.38
FZROX
Fidelity ZERO Total Market Index Fund
2.17

FXAIX vs. FZROX - Sharpe Ratio Comparison

The current FXAIX Sharpe Ratio is 2.38, which roughly equals the FZROX Sharpe Ratio of 2.17. The chart below compares the 12-month rolling Sharpe Ratio of FXAIX and FZROX.


Rolling 12-month Sharpe Ratio0.501.001.502.00SeptemberOctoberNovemberDecember2024February
2.38
2.17
FXAIX
FZROX

FXAIX vs. FZROX - Drawdown Comparison

The maximum FXAIX drawdown since its inception was -33.79%, roughly equal to the maximum FZROX drawdown of -34.96%. The drawdown chart below compares losses from any high point along the way for FXAIX and FZROX


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2024February00
FXAIX
FZROX

FXAIX vs. FZROX - Volatility Comparison

Fidelity 500 Index Fund (FXAIX) and Fidelity ZERO Total Market Index Fund (FZROX) have volatilities of 3.91% and 4.09%, 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.


2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%SeptemberOctoberNovemberDecember2024February
3.91%
4.09%
FXAIX
FZROX