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FZROX · Fidelity Zero Total Market Index Fund
Over the last 8 years (2018-09 to 2026-09), $10,000 invested in FZROX with dividends reinvested grew to $28,723, 13.94% a year, with a worst peak-to-trough fall of -24.67%. Past performance doesn't predict future results.
Growth of $10,000 · 2018-09 to 2026-09 · dividends reinvested
How FZROX held up in past market crashes
FZROX has been through 3 of the market crashes since 2000 in our data. Its deepest price fall was 35.0% in the 2020 COVID crash, when the S&P 500 fell 34.1%. It took 5 months from the bottom to get back to its high. No fund is safe from losses; past falls do not predict future ones.
| Crash | FZROX deepest fall | S&P 500 (SPY) | Peak to bottom | Back to peak |
|---|---|---|---|---|
| 2018 fourth-quarter selloff | -20.6% | -20.2% | Sep 2018 to Dec 2018 | 4 months |
| 2020 COVID crash | -35.0% | -34.1% | Feb 2020 to Mar 2020 | 5 months |
| 2022 bear market | -25.1% | -25.4% | Jan 2022 to Sep 2022 | 16 months |
Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.
About FZROX
Fidelity ZERO Total Market Index Fund is an open-ended mutual fund designed to provide investors with broad exposure to the entire U.S. equity market. Its primary objective is to track the performance of a float-adjusted market capitalization-weighted index that encompasses large-, mid-, and small-cap stocks across diverse sectors and industries, mirroring the composition of the U.S. stock market as a whole. This fund distinguishes itself with a zero percent expense ratio, eliminating management fees and making it exceptionally cost-effective for investors. With no minimum investment requirement and no transaction fees, the fund aims to maximize accessibility and value. The portfolio is diversified, including prominent holdings such as Apple, Microsoft, NVIDIA, and Amazon, along with exposure to smaller companies, offering a comprehensive representation of U.S. market capitalization. Classified in the large blend category, it neither skews strongly toward growth nor value, making it a neutral core holding for many portfolios. The fund’s sizable asset base, low turnover rate, and straightforward structure contribute to its role as a foundational investment for both new and experienced participants seeking cost-efficient, broad-based U.S. equity exposure.
Put FZROX to the test
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Backtest FZROX →
Full history, any date range, benchmarks, drawdowns, rolling returns.
Would FZROX survive 2008? →
What actually happened to it in the crisis: real drawdown and recovery.
Project it forward →
Monte Carlo simulation of where it could go from here.
Compare FZROX vs VTI →
Head-to-head against the total US market.
Replay $100/mo into FZROX →
Animated growth of steady monthly contributions.
Fundamentals →
Holdings-level financials where available.
Educational use only, not investment advice. Results are hypothetical.Read full disclaimer
This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.