FZROX vs. FNILX
Compare and contrast key facts about Fidelity ZERO Total Market Index Fund (FZROX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FZROX is managed by Fidelity. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZROX or FNILX.
Performance
FZROX vs. FNILX - Performance Comparison
Returns By Period
In the year-to-date period, FZROX achieves a 23.71% return, which is significantly lower than FNILX's 24.93% return.
FZROX
23.71%
0.83%
11.44%
32.42%
14.76%
N/A
FNILX
24.93%
0.86%
11.73%
32.68%
15.42%
N/A
Key characteristics
| FZROX | FNILX | |
|---|---|---|
| Sharpe Ratio | 2.57 | 2.65 |
| Sortino Ratio | 3.44 | 3.53 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 3.77 | 3.81 |
| Martin Ratio | 16.47 | 17.31 |
| Ulcer Index | 1.96% | 1.90% |
| Daily Std Dev | 12.58% | 12.40% |
| Max Drawdown | -34.96% | -33.75% |
| Current Drawdown | -2.42% | -2.14% |
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FZROX vs. FNILX - Expense Ratio Comparison
FZROX has a 0.00% expense ratio, which is lower than FNILX's 0.00% 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%.
Correlation
The correlation between FZROX and FNILX is 0.99, 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.
Risk-Adjusted Performance
FZROX vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Total Market Index Fund (FZROX) 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.
Dividends
FZROX vs. FNILX - Dividend Comparison
FZROX's dividend yield for the trailing twelve months is around 1.10%, more than FNILX's 1.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | 1.10% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.07% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.41% |
Drawdowns
FZROX vs. FNILX - Drawdown Comparison
The maximum FZROX drawdown since its inception was -34.96%, roughly equal to the maximum FNILX drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FZROX and FNILX. For additional features, visit the drawdowns tool.
Volatility
FZROX vs. FNILX - Volatility Comparison
Fidelity ZERO Total Market Index Fund (FZROX) and Fidelity ZERO Large Cap Index Fund (FNILX) have volatilities of 4.25% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.