- ISIN
- US3158052189
- Issuer
- Fidelity
- Inception Date
- Aug 13, 2013
- Category
- Mid Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FZAMX Performance Chart
Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) is up 25.2% since the beginning of the year. FZAMX is currently trading at $31 per share. Investors who bought $1,000 worth of FZAMX shares 5 years ago would now be looking at an investment worth $1,816.
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Returns By Period
Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) has returned 25.16% so far this year and 42.92% over the past 12 months. Over the last ten years, FZAMX has returned 12.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Advisor Mid Cap II Fund Class Z
- 1D
- 1.39%
- 1M
- 6.05%
- YTD
- 25.16%
- 6M
- 22.19%
- 1Y
- 42.92%
- 3Y*
- 21.22%
- 5Y*
- 12.67%
- 10Y*
- 12.86%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FZAMX Monthly Returns History
Based on dividend-adjusted daily data since Aug 20, 2013, FZAMX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +14.3%, while the worst month was Mar 2020 at -21.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FZAMX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.3%, while the worst single day was Mar 16, 2020 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.98% | 5.85% | -5.55% | 11.04% | 2.66% | 4.60% | 25.16% | ||||||
| 2025 | 4.85% | -4.91% | -6.60% | -2.11% | 6.70% | 4.17% | 1.56% | 2.70% | 1.66% | -0.00% | 3.46% | 0.76% | 12.00% |
| 2024 | -0.77% | 7.87% | 4.99% | -5.65% | 5.43% | -1.89% | 4.83% | 0.40% | 2.03% | -1.37% | 9.27% | -7.52% | 17.39% |
| 2023 | 8.57% | -1.84% | -3.08% | -0.54% | -2.95% | 8.57% | 3.64% | -3.20% | -4.61% | -4.83% | 8.97% | 7.19% | 15.15% |
| 2022 | -7.21% | 0.40% | 0.67% | -7.44% | 0.33% | -9.39% | 10.42% | -3.03% | -8.31% | 8.69% | 6.67% | -5.03% | -14.70% |
| 2021 | 0.38% | 6.94% | 3.31% | 4.33% | 0.58% | -0.80% | -0.12% | 3.47% | -3.02% | 6.45% | -2.88% | 4.84% | 25.40% |
Benchmark Metrics
Fidelity Advisor Mid Cap II Fund Class Z has an annualized alpha of -1.24%, beta of 1.07, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since August 20, 2013.
- This fund participated in 108.25% of S&P 500 Index downside but only 102.95% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.07 and R2 of 0.85, 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
- -1.24%
- Beta
- 1.07
- R²
- 0.85
- Upside Capture
- 102.95%
- Downside Capture
- 108.25%
Expense Ratio
FZAMX has an expense ratio of 0.61%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FZAMX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) 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.
| FZAMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 2.78 | +1.63 |
| Martin ratioReturn relative to average drawdown | 17.63 | 12.44 | +5.19 |
Dividends
Dividend History
Fidelity Advisor Mid Cap II Fund Class Z provided a 5.63% dividend yield over the last twelve months, with an annual payout of $1.73 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 | $1.73 | $2.49 | $1.69 | $0.63 | $1.16 | $4.56 | $0.33 | $0.70 | $1.79 | $1.69 | $0.97 | $0.89 |
Dividend yield | 5.63% | 10.09% | 6.93% | 2.83% | 5.86% | 18.58% | 1.41% | 3.50% | 10.72% | 7.81% | 5.00% | 4.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Mid Cap II Fund Class Z. 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 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | ||||||
| 2025 | $0.00 | $0.95 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.54 | $2.49 |
| 2024 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.18 | $1.69 |
| 2023 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.63 |
| 2022 | $0.00 | $0.33 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $1.16 |
| 2021 | $0.00 | $0.96 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.60 | $4.56 |
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 Mid Cap II Fund Class Z. 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 Mid Cap II Fund Class Z was 42.32%, occurring on Mar 23, 2020. Recovery took 139 trading sessions.
The current Fidelity Advisor Mid Cap II Fund Class Z drawdown is 0.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -42.32%Mar 2020 | 1mo 1d | 6mo 19d | 7mo 20dFeb 2020 - Oct 2020 |
2025 selloff2025 | -25.24%Apr 2025 | 4mo 13d | 6mo 19d | 11mo 2dNov 2024 - Oct 2025 |
Rate-hike selloffLate 2018 | -24.94%Dec 2018 | 3mo 26d | 1y 1mo | 1y 5moAug 2018 - Feb 2020 |
Bear market2022 | -24.78%Jun 2022 | 7mo 1d | 1y 8mo | 2y 2moNov 2021 - Feb 2024 |
2016 bear market2016 | -21.78%Feb 2016 | 7mo 22d | 9mo 10d | 1y 4moJun 2015 - Nov 2016 |
Drawdown Indicators
| FZAMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.32% | -56.78% | +14.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.77% | -9.10% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -25.24% | -18.90% | -6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -25.43% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | -33.92% | -8.40% |
Current DrawdownCurrent decline from peak | -0.16% | -1.80% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -10.71% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.03% | +0.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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