FZROX Performance — Fidelity ZERO Total Market Index Fund
Data updated: 2026-09-23
FZROX returned +10.57% year to date and +19.87% over one year to Jul 2026. Annualised returns are +18.93% over 3 years and +11.47% over 5 years. The fund beat its US Multi-Cap Blend category average: $100 invested three years ago grew to $168, against $139 for the category, and to $120 over one year, against $114. Volatility over the past three years was 13.47% a year. In the 12 months to Jul 2026 the fund took in a net $5.1B, and assets reached $39.45B.
FZROX Growth of $100
What $100 invested in Fidelity ZERO Total Market Index Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | FZROX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $120 | $114 |
| 3 years (Aug 2023 – Jul 2026) | $168 | $139 |
| 5 years (Aug 2021 – Jul 2026) | $172 | $135 |
| Since data start (Aug 2019 – Jul 2026) | $225 | $172 |
FZROX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.57% |
| 1 year | +19.87% |
| 3 years (annualised) | +18.93% |
| 5 years (annualised) | +11.47% |
FZROX Annual Returns
Calendar-year total returns of Fidelity ZERO Total Market Index Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +10.57% |
| 2025 | +17.23% |
| 2024 | +23.93% |
| 2023 | +26.87% |
| 2022 | −15.94% |
| 2021 | +8.22% |
| 2020 | +11.06% |
| 2019 (Aug–Dec) | +9.33% |
FZROX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.5% | −0.5% | −4.9% | +10.3% | +5.2% | −0.4% | −0.4% | — | — | — | — | — |
| 2025 | +3.0% | −1.9% | −5.9% | −0.7% | +6.4% | +5.1% | +2.3% | +2.3% | +3.5% | +2.2% | +0.2% | 0.0% |
| 2024 | +1.1% | +5.5% | +3.2% | −4.4% | +4.7% | +3.1% | +1.8% | +2.1% | +2.1% | −0.8% | +6.6% | −3.0% |
| 2023 | +8.6% | −4.1% | +2.8% | +1.8% | +0.4% | +6.9% | +3.6% | −1.9% | −4.8% | −2.7% | +9.4% | +5.3% |
| 2022 | −2.8% | −3.3% | −0.2% | −6.7% | +1.6% | −8.6% | +3.8% | −4.0% | −10.1% | +3.9% | +13.6% | −2.2% |
| 2021 | 0.0% | +2.0% | +1.6% | +2.8% | +3.0% | −0.4% | −1.4% | +1.9% | −3.4% | +2.7% | −4.3% | +3.8% |
| 2020 | −3.3% | −6.8% | −15.4% | +7.5% | +4.7% | +4.2% | +3.6% | +4.5% | −2.0% | −2.3% | +13.3% | +5.6% |
| 2019 | — | — | — | — | — | — | — | −2.2% | +2.8% | +3.4% | +1.1% | +4.1% |
FZROX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 13.47%
- 3-year Sharpe ratio: 1.07 (vs 4.5% risk-free rate)
- Best month: +10.35% (Apr 2026)
- Worst month: −5.87% (Mar 2025)
FZROX Fund Flows
Monthly money in and out of Fidelity ZERO Total Market Index Fund, from SEC Form N-PORT.
- 12-month net flow: $5.1B
- 12-month gross sales (incl. reinvestments): $9.5B
- Sales ÷ redemptions: 2.13×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.0B | $482.5M | $567.3M |
| Jun 2026 | $964.0M | $406.3M | $557.8M |
| May 2026 | $841.5M | $363.7M | $477.8M |
| Apr 2026 | $792.1M | $355.4M | $436.7M |
| Mar 2026 | $761.0M | $367.0M | $393.9M |
| Feb 2026 | $773.6M | $363.4M | $410.2M |
| Jan 2026 | $999.2M | $439.5M | $559.7M |
| Dec 2025 | $1.1B | $364.9M | $694.1M |
| Nov 2025 | $563.6M | $323.5M | $240.1M |
| Oct 2025 | $644.3M | $387.5M | $256.8M |
| Sep 2025 | $565.1M | $306.3M | $258.7M |
| Aug 2025 | $513.4M | $307.0M | $206.4M |
FZROX Assets Under Management
Net assets of Fidelity ZERO Total Market Index Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $39.45B |
| 2026-04-30 | $36.26B |
| 2026-01-31 | $33.49B |
| 2025-10-31 | $31.74B |
| 2025-07-31 | $28.65B |
| 2025-04-30 | $24.58B |
| 2025-01-31 | $26.46B |
| 2024-10-31 | $23.88B |
| 2024-07-31 | $22.43B |
| 2024-04-30 | $19.75B |
| 2024-01-31 | $18.19B |
| 2023-10-31 | $15.04B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.