FZILX vs. TPIF

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity ZERO International Index Fund (FZILX) and Timothy Plan International ETF (TPIF).

FZILX is managed by Fidelity. TPIF is a passively managed fund by Timothy Plan that tracks the performance of the Victory International Volatility Weighted BRI Index. It was launched on Dec 2, 2019.

Performance

FZILX vs. TPIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity ZERO International Index Fund (FZILX) and Timothy Plan International ETF (TPIF). The values are adjusted to include any dividend payments, if applicable.

FZILX vs. TPIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FZILX Fidelity ZERO International Index Fund	2.17%	33.52%	5.32%	16.28%	-15.96%	8.19%	11.06%	4.94%
TPIF Timothy Plan International ETF	5.36%	34.34%	3.49%	16.64%	-18.07%	10.42%	7.21%	3.65%

Returns By Period

In the year-to-date period, FZILX achieves a 2.17% return, which is significantly lower than TPIF's 5.36% return.

FZILX

• 1D: 3.01%
• 1M: -6.87%
• YTD: 2.17%
• 6M: 6.45%
• 1Y: 27.85%
• 3Y*: 16.00%
• 5Y*: 7.70%
• 10Y*: —

TPIF

• 1D: 1.28%
• 1M: -4.34%
• YTD: 5.36%
• 6M: 9.86%
• 1Y: 29.99%
• 3Y*: 16.62%
• 5Y*: 8.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FZILX vs. TPIF - Expense Ratio Comparison

FZILX has a 0.00% expense ratio, which is lower than TPIF's 0.62% expense ratio.

TPIF

Timothy Plan International ETF

FZILX

Fidelity ZERO International Index Fund

Return for Risk

FZILX vs. TPIF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FZILX

FZILX Risk / Return Rank: 87
FZILX Sharpe Ratio Rank: 87
FZILX Sortino Ratio Rank: 86
FZILX Omega Ratio Rank: 84
FZILX Calmar Ratio Rank: 89
FZILX Martin Ratio Rank: 88

TPIF

TPIF Risk / Return Rank: 88
TPIF Sharpe Ratio Rank: 86
TPIF Sortino Ratio Rank: 88
TPIF Omega Ratio Rank: 88
TPIF Calmar Ratio Rank: 87
TPIF Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FZILX vs. TPIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO International Index Fund (FZILX) and Timothy Plan International ETF (TPIF). 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.

	FZILX	TPIF	Difference
Sharpe ratio Return per unit of total volatility	1.74	1.84	-0.10
Sortino ratio Return per unit of downside risk	2.32	2.54	-0.21
Omega ratio Gain probability vs. loss probability	1.35	1.38	-0.03
Calmar ratio Return relative to maximum drawdown	2.44	2.98	-0.54
Martin ratio Return relative to average drawdown	9.45	11.76	-2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FZILX vs. TPIF - Sharpe Ratio Comparison

The current FZILX Sharpe Ratio is 1.74, which is comparable to the TPIF Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FZILX and TPIF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FZILX	TPIF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.84	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.52	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.49	0.00

Correlation

The correlation between FZILX and TPIF 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

FZILX vs. TPIF - Dividend Comparison

FZILX's dividend yield for the trailing twelve months is around 2.62%, more than TPIF's 2.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FZILX Fidelity ZERO International Index Fund	2.62%	2.67%	3.00%	2.98%	2.71%	2.61%	1.64%	2.37%	0.02%
TPIF Timothy Plan International ETF	2.32%	2.65%	2.98%	2.40%	2.58%	2.38%	1.72%	0.13%	0.00%

Drawdowns

FZILX vs. TPIF - Drawdown Comparison

The maximum FZILX drawdown since its inception was -34.37%, roughly equal to the maximum TPIF drawdown of -34.02%. Use the drawdown chart below to compare losses from any high point for FZILX and TPIF.

Drawdown Indicators

	FZILX	TPIF	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-34.02%	-0.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.24%	-10.19%	-1.05%
Max Drawdown (5Y) Largest decline over 5 years	-29.87%	-32.11%	+2.24%
Current Drawdown Current decline from peak	-8.57%	-5.64%	-2.93%
Average Drawdown Average peak-to-trough decline	-6.80%	-8.11%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.58%	+0.32%

Volatility

FZILX vs. TPIF - Volatility Comparison

Fidelity ZERO International Index Fund (FZILX) has a higher volatility of 7.90% compared to Timothy Plan International ETF (TPIF) at 7.00%. This indicates that FZILX's price experiences larger fluctuations and is considered to be riskier than TPIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FZILX	TPIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.90%	7.00%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	11.25%	10.44%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	16.44%	16.37%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	15.54%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.30%	18.34%	-1.04%