FZROX vs. FZIPX
Compare and contrast key facts about Fidelity ZERO Total Market Index Fund (FZROX) and Fidelity ZERO Extended Market Index Fund (FZIPX).
FZROX is managed by Fidelity. FZIPX is managed by Fidelity.
Performance
FZROX vs. FZIPX - Performance Comparison
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FZROX vs. FZIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | -6.77% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -14.92% |
FZIPX Fidelity ZERO Extended Market Index Fund | -1.78% | 12.51% | 12.39% | 18.13% | -18.01% | 21.31% | 16.64% | 26.50% | -17.57% |
Returns By Period
In the year-to-date period, FZROX achieves a -6.77% return, which is significantly lower than FZIPX's -1.78% return.
FZROX
- 1D
- -0.45%
- 1M
- -7.71%
- YTD
- -6.77%
- 6M
- -4.49%
- 1Y
- 14.82%
- 3Y*
- 16.81%
- 5Y*
- 10.36%
- 10Y*
- —
FZIPX
- 1D
- -1.26%
- 1M
- -8.55%
- YTD
- -1.78%
- 6M
- 0.33%
- 1Y
- 18.79%
- 3Y*
- 12.32%
- 5Y*
- 5.14%
- 10Y*
- —
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FZROX vs. FZIPX - Expense Ratio Comparison
FZROX has a 0.00% expense ratio, which is lower than FZIPX'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%.
Return for Risk
FZROX vs. FZIPX — Risk / Return Rank
FZROX
FZIPX
FZROX vs. FZIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Total Market Index Fund (FZROX) and Fidelity ZERO Extended Market Index Fund (FZIPX). 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.
| FZROX | FZIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.86 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.33 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.15 | -0.10 |
Martin ratioReturn relative to average drawdown | 5.11 | 4.98 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FZROX | FZIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.86 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.25 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.33 | +0.27 |
Correlation
The correlation between FZROX and FZIPX is 0.89, 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
FZROX vs. FZIPX - Dividend Comparison
FZROX's dividend yield for the trailing twelve months is around 1.10%, less than FZIPX's 1.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | 1.10% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% |
FZIPX Fidelity ZERO Extended Market Index Fund | 1.27% | 1.24% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% |
Drawdowns
FZROX vs. FZIPX - Drawdown Comparison
The maximum FZROX drawdown since its inception was -34.96%, smaller than the maximum FZIPX drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for FZROX and FZIPX.
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Drawdown Indicators
| FZROX | FZIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -42.71% | +7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.44% | -14.33% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -28.19% | +3.07% |
Current DrawdownCurrent decline from peak | -8.89% | -9.61% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -9.09% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.31% | -0.75% |
Volatility
FZROX vs. FZIPX - Volatility Comparison
The current volatility for Fidelity ZERO Total Market Index Fund (FZROX) is 4.41%, while Fidelity ZERO Extended Market Index Fund (FZIPX) has a volatility of 6.41%. This indicates that FZROX experiences smaller price fluctuations and is considered to be less risky than FZIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZROX | FZIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 6.41% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 12.90% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.49% | 22.07% | -3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 20.87% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.25% | 23.95% | -3.70% |