FZAIX vs. FZROX
Compare and contrast key facts about Fidelity Advisor International Discovery Fund Class Z (FZAIX) and Fidelity ZERO Total Market Index Fund (FZROX).
FZAIX is managed by Fidelity. It was launched on Aug 13, 2013. FZROX is managed by Fidelity.
Performance
FZAIX vs. FZROX - Performance Comparison
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FZAIX vs. FZROX - 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% | -11.96% |
FZROX Fidelity ZERO Total Market Index Fund | -3.98% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Returns By Period
In the year-to-date period, FZAIX achieves a -5.16% return, which is significantly lower than FZROX's -3.98% 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%
FZROX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -1.97%
- 1Y
- 17.77%
- 3Y*
- 17.96%
- 5Y*
- 10.74%
- 10Y*
- —
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FZAIX vs. FZROX - Expense Ratio Comparison
FZAIX has a 0.90% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FZAIX vs. FZROX — Risk / Return Rank
FZAIX
FZROX
FZAIX vs. FZROX - 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 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.
| FZAIX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.98 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.50 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.51 | -0.49 |
Martin ratioReturn relative to average drawdown | 4.03 | 7.28 | -3.24 |
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 | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.98 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.62 | -0.35 |
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 | 0.63 | -0.21 |
Correlation
The correlation between FZAIX and FZROX 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. FZROX - Dividend Comparison
FZAIX's dividend yield for the trailing twelve months is around 7.46%, more than FZROX's 1.07% 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% |
FZROX Fidelity ZERO Total Market Index Fund | 1.07% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FZAIX vs. FZROX - Drawdown Comparison
The maximum FZAIX drawdown since its inception was -36.47%, roughly equal to the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FZAIX and FZROX.
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Drawdown Indicators
| FZAIX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.47% | -34.96% | -1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -12.44% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -36.47% | -25.12% | -11.35% |
Max Drawdown (10Y)Largest decline over 10 years | -36.47% | — | — |
Current DrawdownCurrent decline from peak | -13.08% | -6.16% | -6.92% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -5.61% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.58% | +0.75% |
Volatility
FZAIX vs. FZROX - Volatility Comparison
Fidelity Advisor International Discovery Fund Class Z (FZAIX) has a higher volatility of 8.27% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 5.52%. This indicates that FZAIX's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAIX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 5.52% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 9.81% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 18.68% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 17.45% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 20.28% | -3.46% |