FXAIX vs. FZROX
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.
Performance
FXAIX vs. FZROX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FXAIX having a 25.57% return and FZROX slightly lower at 24.91%.
FXAIX
25.57%
1.18%
12.23%
32.20%
15.59%
13.04%
FZROX
24.91%
1.76%
12.52%
32.78%
15.07%
N/A
Key characteristics
| FXAIX | FZROX | |
|---|---|---|
| Sharpe Ratio | 2.61 | 2.57 |
| Sortino Ratio | 3.49 | 3.44 |
| Omega Ratio | 1.49 | 1.47 |
| Calmar Ratio | 3.78 | 3.77 |
| Martin Ratio | 17.01 | 16.41 |
| Ulcer Index | 1.88% | 1.97% |
| Daily Std Dev | 12.24% | 12.57% |
| Max Drawdown | -33.79% | -34.96% |
| Current Drawdown | -1.35% | -1.47% |
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FXAIX vs. FZROX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is higher than FZROX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
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.
Risk-Adjusted Performance
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.
Dividends
FXAIX vs. FZROX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.23%, more than FZROX's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
FZROX Fidelity ZERO Total Market Index Fund | 1.09% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
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%. Use the drawdown chart below to compare losses from any high point for FXAIX and FZROX. For additional features, visit the drawdowns tool.
Volatility
FXAIX vs. FZROX - Volatility Comparison
Fidelity 500 Index Fund (FXAIX) and Fidelity ZERO Total Market Index Fund (FZROX) have volatilities of 4.06% and 4.26%, 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.