FZANX vs. FNILX
Compare and contrast key facts about Fidelity Advisor New Insights Fund Class Z (FZANX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FZANX is managed by Fidelity. It was launched on Aug 13, 2013. FNILX is managed by Fidelity.
Performance
FZANX vs. FNILX - Performance Comparison
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FZANX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZANX Fidelity Advisor New Insights Fund Class Z | -4.05% | 21.71% | 35.44% | 36.45% | -26.34% | 24.88% | 24.07% | 29.62% | -16.14% |
FNILX Fidelity ZERO Large Cap Index Fund | -4.59% | 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, FZANX achieves a -4.05% return, which is significantly higher than FNILX's -4.59% return.
FZANX
- 1D
- 3.64%
- 1M
- -5.83%
- YTD
- -4.05%
- 6M
- -0.38%
- 1Y
- 24.01%
- 3Y*
- 25.11%
- 5Y*
- 13.69%
- 10Y*
- 15.42%
FNILX
- 1D
- 2.92%
- 1M
- -4.98%
- YTD
- -4.59%
- 6M
- -2.55%
- 1Y
- 17.28%
- 3Y*
- 18.57%
- 5Y*
- 11.53%
- 10Y*
- —
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FZANX vs. FNILX - Expense Ratio Comparison
FZANX has a 0.56% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FZANX vs. FNILX — Risk / Return Rank
FZANX
FNILX
FZANX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class Z (FZANX) 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.
| FZANX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 0.97 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.48 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.51 | +0.80 |
Martin ratioReturn relative to average drawdown | 9.24 | 7.14 | +2.10 |
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
| FZANX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 0.97 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.67 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.66 | +0.12 |
Correlation
The correlation between FZANX and FNILX is 0.94, 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
FZANX vs. FNILX - Dividend Comparison
FZANX's dividend yield for the trailing twelve months is around 9.12%, more than FNILX's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZANX Fidelity Advisor New Insights Fund Class Z | 9.12% | 8.39% | 5.53% | 6.22% | 16.81% | 12.15% | 7.88% | 6.68% | 13.88% | 7.86% | 5.31% | 4.72% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.06% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FZANX vs. FNILX - Drawdown Comparison
The maximum FZANX drawdown since its inception was -31.93%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FZANX and FNILX.
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Drawdown Indicators
| FZANX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.93% | -33.76% | +1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -12.18% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -31.78% | -25.40% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | — | — |
Current DrawdownCurrent decline from peak | -7.12% | -6.36% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -5.47% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.57% | +0.13% |
Volatility
FZANX vs. FNILX - Volatility Comparison
Fidelity Advisor New Insights Fund Class Z (FZANX) has a higher volatility of 6.67% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 5.33%. This indicates that FZANX'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
| FZANX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 5.33% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 9.59% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.83% | 18.44% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 17.27% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 20.19% | -0.94% |