FZROX vs. FXAIX
Compare and contrast key facts about Fidelity ZERO Total Market Index Fund (FZROX) and Fidelity 500 Index Fund (FXAIX).
FZROX 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: FZROX or FXAIX.
Key characteristics
| FZROX | FXAIX | |
|---|---|---|
| YTD Return | 6.08% | 6.64% |
| 1Y Return | 25.86% | 25.73% |
| 3Y Return (Ann) | 6.77% | 8.17% |
| 5Y Return (Ann) | 12.68% | 13.34% |
| Sharpe Ratio | 2.09 | 2.13 |
| Daily Std Dev | 12.02% | 11.67% |
| Max Drawdown | -34.96% | -33.79% |
| Current Drawdown | -3.66% | -3.54% |
Correlation
The correlation between FZROX and FXAIX 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.
Performance
FZROX vs. FXAIX - Performance Comparison
In the year-to-date period, FZROX achieves a 6.08% return, which is significantly lower than FXAIX's 6.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FZROX vs. FXAIX - Expense Ratio Comparison
FZROX 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
FZROX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Total Market Index Fund (FZROX) 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
FZROX vs. FXAIX - Dividend Comparison
FZROX's dividend yield for the trailing twelve months is around 1.28%, less than FXAIX's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | 1.28% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.37% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
FZROX vs. FXAIX - Drawdown Comparison
The maximum FZROX drawdown since its inception was -34.96%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FZROX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FZROX vs. FXAIX - Volatility Comparison
Fidelity ZERO Total Market Index Fund (FZROX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.14% and 4.04%, 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.