FZAMX vs. FNILX
Compare and contrast key facts about Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FZAMX is managed by Fidelity. It was launched on Aug 13, 2013. FNILX is managed by Fidelity.
Performance
FZAMX vs. FNILX - Performance Comparison
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FZAMX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 1.33% | 12.00% | 17.39% | 15.15% | -14.70% | 25.40% | 18.84% | 23.85% | -19.82% |
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, FZAMX achieves a 1.33% return, which is significantly higher than FNILX's -7.30% return.
FZAMX
- 1D
- -1.43%
- 1M
- -8.81%
- YTD
- 1.33%
- 6M
- 5.63%
- 1Y
- 21.86%
- 3Y*
- 14.09%
- 5Y*
- 8.15%
- 10Y*
- 10.76%
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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FZAMX vs. FNILX - Expense Ratio Comparison
FZAMX has a 0.61% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FZAMX vs. FNILX — Risk / Return Rank
FZAMX
FNILX
FZAMX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) 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.
| FZAMX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.83 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.28 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.04 | +0.28 |
Martin ratioReturn relative to average drawdown | 5.87 | 5.01 | +0.86 |
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
| FZAMX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.83 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.65 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.64 | -0.13 |
Correlation
The correlation between FZAMX and FNILX is 0.87, 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
FZAMX vs. FNILX - Dividend Comparison
FZAMX's dividend yield for the trailing twelve months is around 6.96%, more than FNILX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 6.96% | 10.09% | 6.93% | 2.83% | 5.86% | 18.58% | 1.41% | 3.50% | 10.72% | 7.81% | 5.00% | 4.90% |
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
FZAMX vs. FNILX - Drawdown Comparison
The maximum FZAMX drawdown since its inception was -42.32%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FZAMX and FNILX.
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Drawdown Indicators
| FZAMX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.32% | -33.76% | -8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -12.18% | -2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -25.40% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | — | — |
Current DrawdownCurrent decline from peak | -9.77% | -9.01% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -5.47% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.54% | +0.80% |
Volatility
FZAMX vs. FNILX - Volatility Comparison
Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) has a higher volatility of 7.69% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.23%. This indicates that FZAMX'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
| FZAMX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 4.23% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.44% | 9.14% | +4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 18.26% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 17.22% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 20.17% | +0.68% |