FZROX vs. IVV
Compare and contrast key facts about Fidelity ZERO Total Market Index Fund (FZROX) and iShares Core S&P 500 ETF (IVV).
FZROX is managed by Fidelity. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
FZROX vs. IVV - Performance Comparison
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FZROX vs. IVV - 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% | -12.72% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -11.07% |
Returns By Period
In the year-to-date period, FZROX achieves a -6.77% return, which is significantly lower than IVV's -4.38% return.
FZROX
- 1D
- -0.45%
- 1M
- -7.71%
- YTD
- -6.77%
- 6M
- -4.49%
- 1Y
- 14.82%
- 3Y*
- 16.81%
- 5Y*
- 10.36%
- 10Y*
- —
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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FZROX vs. IVV - Expense Ratio Comparison
FZROX has a 0.00% expense ratio, which is lower than IVV's 0.03% 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. IVV — Risk / Return Rank
FZROX
IVV
FZROX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Total Market Index Fund (FZROX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.97 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.49 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.53 | -0.48 |
Martin ratioReturn relative to average drawdown | 5.11 | 7.32 | -2.21 |
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 | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.97 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.70 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.42 | +0.18 |
Correlation
The correlation between FZROX and IVV 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.
Dividends
FZROX vs. IVV - Dividend Comparison
FZROX's dividend yield for the trailing twelve months is around 1.10%, less than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
FZROX vs. IVV - Drawdown Comparison
The maximum FZROX drawdown since its inception was -34.96%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FZROX and IVV.
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Drawdown Indicators
| FZROX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -55.25% | +20.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.44% | -12.06% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -24.53% | -0.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -8.89% | -6.26% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -10.85% | +5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.53% | +0.03% |
Volatility
FZROX vs. IVV - Volatility Comparison
The current volatility for Fidelity ZERO Total Market Index Fund (FZROX) is 4.41%, while iShares Core S&P 500 ETF (IVV) has a volatility of 5.30%. This indicates that FZROX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZROX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 5.30% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 9.45% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.49% | 18.31% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 16.89% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.25% | 18.04% | +2.21% |