EALCX vs. FZAPX

Last updated Jun 25, 2026

EALCX (Eaton Vance Growth Fund) and FZAPX (Fidelity Advisor Stock Selector All Cap Fund Class Z) are both Large Cap Growth Equities funds. Over the past 10 years, EALCX returned 15.77%/yr vs 15.58%/yr for FZAPX. Their correlation of 0.93 suggests significant overlap in exposure. EALCX charges 1.05%/yr vs 0.58%/yr for FZAPX.

Performance

EALCX vs. FZAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Growth Fund (EALCX) and Fidelity Advisor Stock Selector All Cap Fund Class Z (FZAPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EALCX achieves a 1.84% return, which is significantly lower than FZAPX's 13.19% return. Both investments have delivered pretty close results over the past 10 years, with EALCX having a 15.77% annualized return and FZAPX not far behind at 15.58%.

EALCX

• 1D: -1.50%
• 1M: -4.67%
• YTD: 1.84%
• 6M: 0.69%
• 1Y: 13.10%
• 3Y*: 20.16%
• 5Y*: 10.02%
• 10Y*: 15.77%

FZAPX

• 1D: -1.69%
• 1M: -0.27%
• YTD: 13.19%
• 6M: 11.97%
• 1Y: 30.66%
• 3Y*: 21.65%
• 5Y*: 12.21%
• 10Y*: 15.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EALCX vs. FZAPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EALCX Eaton Vance Growth Fund	1.84%	14.63%	32.44%	38.46%	-29.60%	19.52%	37.19%	30.32%	-0.21%	25.41%
FZAPX Fidelity Advisor Stock Selector All Cap Fund Class Z	13.19%	18.98%	19.88%	27.05%	-19.49%	23.25%	25.03%	32.34%	-8.52%	24.38%

Correlation

The correlation between EALCX and FZAPX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013	0.93

The correlation between EALCX and FZAPX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

EALCX vs. FZAPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EALCX

EALCX Risk / Return Rank: 15
EALCX Sharpe Ratio Rank: 15
EALCX Sortino Ratio Rank: 15
EALCX Omega Ratio Rank: 15
EALCX Calmar Ratio Rank: 13
EALCX Martin Ratio Rank: 16

FZAPX

FZAPX Risk / Return Rank: 79
FZAPX Sharpe Ratio Rank: 78
FZAPX Sortino Ratio Rank: 71
FZAPX Omega Ratio Rank: 73
FZAPX Calmar Ratio Rank: 83
FZAPX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EALCX vs. FZAPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Growth Fund (EALCX) and Fidelity Advisor Stock Selector All Cap Fund Class Z (FZAPX). 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.

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.

	EALCX	FZAPX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	2.31	-1.35
Sortino ratio: Return per unit of downside risk	1.38	3.08	-1.70
Omega ratio: Gain probability vs. loss probability	1.17	1.42	-0.24
Calmar ratio: Return relative to maximum drawdown	1.03	3.48	-2.44
Martin ratio: Return relative to average drawdown	3.65	16.32	-12.67

EALCX vs. FZAPX - Sharpe Ratio Comparison

The current EALCX Sharpe Ratio is 0.95, which is lower than the FZAPX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of EALCX and FZAPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EALCX vs. FZAPX - Drawdown Comparison

The maximum EALCX drawdown since its inception was -33.96%, roughly equal to the maximum FZAPX drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for EALCX and FZAPX.

Drawdown Indicators

	EALCX	FZAPX	Difference
Max Drawdown Largest peak-to-trough decline	-33.96%	-34.37%	+0.41%
Max Drawdown (1Y) Largest decline over 1 year	-14.36%	-9.20%	-5.16%
Max Drawdown (3Y) Largest decline over 3 years	-25.50%	-20.84%	-4.66%
Max Drawdown (5Y) Largest decline over 5 years	-33.96%	-25.20%	-8.76%
Max Drawdown (10Y) Largest decline over 10 years	-33.96%	-34.37%	+0.41%
Current Drawdown Current decline from peak	-6.74%	-2.31%	-4.43%
Average Drawdown Average peak-to-trough decline	-5.73%	-4.55%	-1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	1.96%	+2.10%

Volatility

EALCX vs. FZAPX - Volatility Comparison

Eaton Vance Growth Fund (EALCX) and Fidelity Advisor Stock Selector All Cap Fund Class Z (FZAPX) have volatilities of 5.69% and 5.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EALCX	FZAPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	5.64%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	12.06%	11.11%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	15.58%	13.90%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.57%	17.90%	+3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.35%	18.60%	+2.75%

EALCX vs. FZAPX - Expense Ratio Comparison

EALCX has a 1.05% expense ratio, which is higher than FZAPX's 0.58% expense ratio.

Dividends

EALCX vs. FZAPX - Dividend Comparison

EALCX's dividend yield for the trailing twelve months is around 14.54%, more than FZAPX's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EALCX Eaton Vance Growth Fund	14.54%	14.80%	7.04%	9.15%	5.74%	8.49%	6.99%	9.02%	14.01%	4.91%	1.92%	4.35%
FZAPX Fidelity Advisor Stock Selector All Cap Fund Class Z	4.31%	4.88%	4.91%	2.12%	0.39%	1.47%	5.33%	6.18%	4.59%	3.07%	1.13%	5.24%

Frequently Asked Questions

Can I hold both EALCX and FZAPX in my portfolio?

With a correlation of 0.92, EALCX and FZAPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EALCX or FZAPX?

EALCX has higher volatility (5.69%) compared to FZAPX (5.64%). In terms of maximum drawdown, EALCX dropped -33.96% vs FZAPX's -34.37%.

Which has better risk-adjusted returns?

FZAPX currently has the higher Sharpe Ratio (2.31 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.