FZROX vs. EDEN
FZROX (Fidelity ZERO Total Market Index Fund) and EDEN (iShares MSCI Denmark ETF) are both funds - FZROX is a Large Cap Blend Equities fund managed by Fidelity, while EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index. Over the past 5 years, FZROX returned 12.34%/yr vs 2.08%/yr for EDEN. A 0.59 correlation means they provide meaningful diversification when combined. FZROX charges 0.00%/yr vs 0.53%/yr for EDEN.
Performance
FZROX vs. EDEN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FZROX achieves a 9.14% return, which is significantly higher than EDEN's -3.05% return.
FZROX
- 1D
- 1.90%
- 1M
- 0.00%
- YTD
- 9.14%
- 6M
- 9.23%
- 1Y
- 24.28%
- 3Y*
- 20.84%
- 5Y*
- 12.34%
- 10Y*
- —
EDEN
- 1D
- -0.01%
- 1M
- -1.61%
- YTD
- -3.05%
- 6M
- -2.55%
- 1Y
- -6.97%
- 3Y*
- 2.87%
- 5Y*
- 2.08%
- 10Y*
- 9.22%
FZROX vs. EDEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | 9.14% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
EDEN iShares MSCI Denmark ETF | -3.05% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -11.11% |
Correlation
The correlation between FZROX and EDEN is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.59 |
The correlation between FZROX and EDEN has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FZROX vs. EDEN — Risk / Return Rank
FZROX
EDEN
FZROX vs. EDEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Total Market Index Fund (FZROX) and iShares MSCI Denmark ETF (EDEN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FZROX | EDEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.96 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.33 | +3.11 |
| Martin ratioReturn relative to average drawdown | 12.51 | -0.72 | +13.23 |
Loading charts...
Drawdowns
FZROX vs. EDEN - Drawdown Comparison
The maximum FZROX drawdown since its inception was -34.96%, roughly equal to the maximum EDEN drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for FZROX and EDEN.
Loading charts...
Drawdown Indicators
| FZROX | EDEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -36.61% | +1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -21.17% | +12.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | -29.31% | +9.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -36.61% | +11.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.61% | — |
Current DrawdownCurrent decline from peak | -2.57% | -13.55% | +10.98% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -7.37% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 10.27% | -8.30% |
Volatility
FZROX vs. EDEN - Volatility Comparison
The current volatility for Fidelity ZERO Total Market Index Fund (FZROX) is 4.66%, while iShares MSCI Denmark ETF (EDEN) has a volatility of 4.93%. This indicates that FZROX experiences smaller price fluctuations and is considered to be less risky than EDEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FZROX | EDEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 4.93% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 15.72% | -5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 20.90% | -8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 20.25% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 19.41% | +0.73% |
FZROX vs. EDEN - Expense Ratio Comparison
FZROX has a 0.00% expense ratio, which is lower than EDEN's 0.53% expense ratio.
Dividends
FZROX vs. EDEN - Dividend Comparison
FZROX's dividend yield for the trailing twelve months is around 0.94%, less than EDEN's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 2.87% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
FZROX Fidelity ZERO Total Market Index Fund | 0.94% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FZROX and EDEN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDEN has higher volatility (4.93%) compared to FZROX (4.66%). In terms of maximum drawdown, FZROX dropped -34.96% vs EDEN's -36.61%.
FZROX currently has the higher Sharpe Ratio (1.94 vs -0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FZROX and EDEN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer