- ISIN
- US3160713075
- Issuer
- Fidelity
- Inception Date
- Jul 31, 2003
- Category
- Large Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FNITX Performance Chart
Fidelity Advisor New Insights Fund Class M (FNITX) is up 6.1% since the beginning of the year. FNITX is currently trading at $44 per share. Investors who bought $1,000 worth of FNITX shares 5 years ago would now be looking at an investment worth $1,846.
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Returns By Period
Fidelity Advisor New Insights Fund Class M (FNITX) has returned 6.07% so far this year and 15.26% over the past 12 months. Looking at the last ten years, FNITX has achieved an annualized return of 15.46%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Fidelity Advisor New Insights Fund Class M
- 1D
- 1.39%
- 1M
- -4.39%
- 6M
- 4.07%
- YTD
- 6.07%
- 1Y
- 15.26%
- 3Y*
- 22.90%
- 5Y*
- 13.04%
- 10Y*
- 15.46%
- ALL TIME*
- 11.29%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FNITX Monthly Returns History
Based on dividend-adjusted daily data since Jan 8, 2003, FNITX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.7%, while the worst month was Jul 2003 at -17.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FNITX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.4%, while the worst single day was Jul 31, 2003 at -17.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.93% | -0.01% | -6.00% | 10.39% | 3.45% | 2.90% | -5.79% | 6.07% | |||||
| 2025 | 4.72% | -2.67% | -7.42% | 1.09% | 8.57% | 7.20% | 3.36% | 0.18% | 2.83% | 1.50% | -0.35% | 2.34% | 22.36% |
| 2024 | 4.07% | 8.66% | 3.00% | -4.17% | 6.62% | 4.67% | -1.50% | 3.04% | 2.18% | -0.39% | 4.86% | -0.24% | 34.61% |
| 2023 | 6.96% | -2.25% | 5.21% | 2.67% | 2.37% | 6.00% | 4.13% | -1.07% | -3.61% | -1.22% | 8.11% | 4.34% | 35.61% |
| 2022 | -7.24% | -4.48% | 2.55% | -11.36% | -0.30% | -8.83% | 8.80% | -4.16% | -8.22% | 5.16% | 5.42% | -5.58% | -26.67% |
| 2021 | -0.98% | 2.01% | 1.46% | 6.72% | 0.54% | 4.26% | 1.90% | 4.51% | -5.74% | 6.81% | -0.14% | 1.10% | 24.10% |
Benchmark Metrics
Fidelity Advisor New Insights Fund Class M has an annualized alpha of 2.82%, beta of 0.91, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since January 08, 2003.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (99.03%) than losses (89.09%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.82% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.91 and R2 of 0.84, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.82%
- Beta
- 0.91
- R²
- 0.84
- Upside Capture
- 99.03%
- Downside Capture
- 89.09%
Expense Ratio
FNITX has a high expense ratio of 1.18%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FNITX ranks 26 for risk / return — above 26% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class M (FNITX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNITX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.00 | -0.61 |
| Martin ratioReturn relative to average drawdown | 5.09 | 8.49 | -3.40 |
Dividends
Dividend History
Fidelity Advisor New Insights Fund Class M provided a 9.65% dividend yield over the last twelve months, with an annual payout of $4.29 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.29 | $4.66 | $2.43 | $1.94 | $4.29 | $5.09 | $2.97 | $2.04 | $3.65 | $2.39 | $1.28 | $1.13 |
Dividend yield | 9.65% | 11.08% | 6.33% | 6.43% | 18.00% | 13.42% | 8.54% | 6.62% | 14.33% | 7.86% | 4.99% | 4.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor New Insights Fund Class M. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | |||||
| 2025 | $0.00 | $0.54 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.12 | $4.66 |
| 2024 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.23 | $2.43 |
| 2023 | $0.00 | $0.40 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.55 | $1.94 |
| 2022 | $0.54 | $0.54 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.22 | $4.29 |
| 2021 | $0.00 | $0.91 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.18 | $5.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor New Insights Fund Class M. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor New Insights Fund Class M was 49.84%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.
The current Fidelity Advisor New Insights Fund Class M drawdown is 7.26%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-49.84%Mar 2009 | 1y 4mo | 3y 5d | 4y 4moNov 2007 - Mar 2012 | Financial crisis2007–2009 |
-32.06%Oct 2022 | 10mo 26d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 | Bear market2022 |
-31.99%Mar 2020 | 1mo 2d | 3mo 18d | 4mo 20dFeb 2020 - Jul 2020 | COVID crash2020 |
-22.09%Dec 2018 | 3mo 26d | 4mo 6d | 8mo 2dAug 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-20.11%Apr 2025 | 1mo 19d | 2mo 9d | 3mo 28dFeb 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| FNITX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -56.78% | +6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -9.10% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -20.11% | -18.90% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -32.06% | -25.43% | -6.63% |
Max Drawdown (10Y)Largest decline over 10 years | -32.06% | -33.92% | +1.86% |
Current DrawdownCurrent decline from peak | -7.26% | -1.58% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -10.70% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.14% | +0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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