FZIPX vs. FXAIX
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity 500 Index Fund (FXAIX).
FZIPX is managed by Fidelity. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZIPX or FXAIX.
Correlation
The correlation between FZIPX and FXAIX is 0.85, 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.
Performance
FZIPX vs. FXAIX - Performance Comparison
Key characteristics
FZIPX:
0.85
FXAIX:
1.87
FZIPX:
1.29
FXAIX:
2.52
FZIPX:
1.16
FXAIX:
1.34
FZIPX:
0.98
FXAIX:
2.83
FZIPX:
3.59
FXAIX:
11.72
FZIPX:
3.96%
FXAIX:
2.04%
FZIPX:
16.70%
FXAIX:
12.76%
FZIPX:
-42.71%
FXAIX:
-33.79%
FZIPX:
-5.27%
FXAIX:
-0.42%
Returns By Period
In the year-to-date period, FZIPX achieves a 2.87% return, which is significantly lower than FXAIX's 4.19% return.
FZIPX
2.87%
-2.03%
8.02%
15.80%
7.91%
N/A
FXAIX
4.19%
1.25%
10.54%
24.46%
14.70%
13.09%
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FZIPX vs. FXAIX - Expense Ratio Comparison
FZIPX has a 0.00% expense ratio, which is lower than FXAIX's 0.02% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FZIPX vs. FXAIX — Risk-Adjusted Performance Rank
FZIPX
FXAIX
FZIPX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
FZIPX vs. FXAIX - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.19%, which matches FXAIX's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.19% | 1.22% | 1.43% | 1.64% | 1.23% | 1.24% | 1.26% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
FZIPX vs. FXAIX - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FZIPX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FZIPX vs. FXAIX - Volatility Comparison
Fidelity ZERO Extended Market Index Fund (FZIPX) has a higher volatility of 3.47% compared to Fidelity 500 Index Fund (FXAIX) at 3.00%. This indicates that FZIPX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.