FZAIX vs. FNILX
Compare and contrast key facts about Fidelity Advisor International Discovery Fund Class Z (FZAIX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FZAIX is managed by Fidelity. It was launched on Aug 13, 2013. FNILX is managed by Fidelity.
Performance
FZAIX vs. FNILX - Performance Comparison
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FZAIX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZAIX Fidelity Advisor International Discovery Fund Class Z | -5.16% | 27.69% | 11.05% | 14.28% | -24.72% | 11.18% | 21.54% | 27.68% | -14.80% |
FNILX Fidelity ZERO Large Cap Index Fund | -7.30% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Returns By Period
In the year-to-date period, FZAIX achieves a -5.16% return, which is significantly higher than FNILX's -7.30% return.
FZAIX
- 1D
- 0.02%
- 1M
- -12.30%
- YTD
- -5.16%
- 6M
- -3.26%
- 1Y
- 16.60%
- 3Y*
- 12.65%
- 5Y*
- 4.49%
- 10Y*
- 7.89%
FNILX
- 1D
- -0.35%
- 1M
- -7.60%
- YTD
- -7.30%
- 6M
- -5.00%
- 1Y
- 14.41%
- 3Y*
- 17.43%
- 5Y*
- 11.17%
- 10Y*
- —
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FZAIX vs. FNILX - Expense Ratio Comparison
FZAIX has a 0.90% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FZAIX vs. FNILX — Risk / Return Rank
FZAIX
FNILX
FZAIX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Discovery Fund Class Z (FZAIX) 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.
| FZAIX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.83 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.28 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.04 | -0.02 |
Martin ratioReturn relative to average drawdown | 4.03 | 5.01 | -0.98 |
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
| FZAIX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.83 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.65 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.64 | -0.22 |
Correlation
The correlation between FZAIX and FNILX is 0.79, 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.
Dividends
FZAIX vs. FNILX - Dividend Comparison
FZAIX's dividend yield for the trailing twelve months is around 7.46%, more than FNILX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAIX Fidelity Advisor International Discovery Fund Class Z | 7.46% | 7.08% | 3.06% | 2.03% | 0.47% | 11.45% | 3.78% | 2.43% | 4.00% | 4.03% | 1.97% | 1.19% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.09% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FZAIX vs. FNILX - Drawdown Comparison
The maximum FZAIX drawdown since its inception was -36.47%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FZAIX and FNILX.
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Drawdown Indicators
| FZAIX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.47% | -33.76% | -2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -12.18% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -36.47% | -25.40% | -11.07% |
Max Drawdown (10Y)Largest decline over 10 years | -36.47% | — | — |
Current DrawdownCurrent decline from peak | -13.08% | -9.01% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -5.47% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.54% | +0.79% |
Volatility
FZAIX vs. FNILX - Volatility Comparison
Fidelity Advisor International Discovery Fund Class Z (FZAIX) has a higher volatility of 8.27% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.23%. This indicates that FZAIX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAIX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 4.23% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 9.14% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 18.26% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 17.22% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 20.17% | -3.35% |