ELFNX vs. FDESX

Last updated Jun 5, 2026

ELFNX (Elfun Trusts) and FDESX (Fidelity Advisor Diversified Stock Fund Class O) are both Large Cap Growth Equities funds. Over the past 10 years, ELFNX returned 16.45%/yr vs 16.19%/yr for FDESX. Their correlation of 0.85 suggests significant overlap in exposure. ELFNX charges 0.18%/yr vs 0.45%/yr for FDESX.

Performance

ELFNX vs. FDESX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elfun Trusts (ELFNX) and Fidelity Advisor Diversified Stock Fund Class O (FDESX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELFNX achieves a 6.19% return, which is significantly lower than FDESX's 14.22% return. Both investments have delivered pretty close results over the past 10 years, with ELFNX having a 16.45% annualized return and FDESX not far behind at 16.19%.

ELFNX

• 1D: -0.71%
• 1M: 2.78%
• YTD: 6.19%
• 6M: 6.10%
• 1Y: 23.16%
• 3Y*: 22.18%
• 5Y*: 13.01%
• 10Y*: 16.45%

FDESX

• 1D: -0.43%
• 1M: 4.49%
• YTD: 14.22%
• 6M: 13.87%
• 1Y: 30.77%
• 3Y*: 23.49%
• 5Y*: 13.72%
• 10Y*: 16.19%

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

ELFNX vs. FDESX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELFNX Elfun Trusts	6.19%	16.64%	26.91%	34.50%	-19.91%	24.46%	25.18%	35.57%	-3.25%	25.60%
FDESX Fidelity Advisor Diversified Stock Fund Class O	14.22%	14.07%	28.08%	28.34%	-19.86%	28.26%	27.46%	28.23%	-5.62%	17.76%

Correlation

The correlation between ELFNX and FDESX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 3, 1980	0.85

The correlation between ELFNX and FDESX has been stable across timeframes, ranging from 0.85 to 0.95 - a consistent structural relationship.

Return for Risk

ELFNX vs. FDESX — Risk / Return Rank

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

ELFNX

ELFNX Risk / Return Rank: 38
ELFNX Sharpe Ratio Rank: 42
ELFNX Sortino Ratio Rank: 39
ELFNX Omega Ratio Rank: 39
ELFNX Calmar Ratio Rank: 31
ELFNX Martin Ratio Rank: 39

FDESX

FDESX Risk / Return Rank: 59
FDESX Sharpe Ratio Rank: 55
FDESX Sortino Ratio Rank: 50
FDESX Omega Ratio Rank: 51
FDESX Calmar Ratio Rank: 67
FDESX Martin Ratio Rank: 73

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.

ELFNX vs. FDESX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elfun Trusts (ELFNX) and Fidelity Advisor Diversified Stock Fund Class O (FDESX). 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.

	ELFNX	FDESX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.19	-0.30
Sortino ratio: Return per unit of downside risk	2.60	2.96	-0.36
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.07	3.13	-1.05
Martin ratio: Return relative to average drawdown	8.48	13.79	-5.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELFNX vs. FDESX - Sharpe Ratio Comparison

The current ELFNX Sharpe Ratio is 1.89, which is comparable to the FDESX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of ELFNX and FDESX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELFNX	FDESX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.19	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.70	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.83	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.49	+0.11

Drawdowns

ELFNX vs. FDESX - Drawdown Comparison

The maximum ELFNX drawdown since its inception was -50.28%, smaller than the maximum FDESX drawdown of -65.36%. Use the drawdown chart below to compare losses from any high point for ELFNX and FDESX.

Drawdown Indicators

	ELFNX	FDESX	Difference
Max Drawdown Largest peak-to-trough decline	-50.28%	-65.36%	+15.08%
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	-9.99%	-1.41%
Max Drawdown (3Y) Largest decline over 3 years	-19.58%	-27.06%	+7.48%
Max Drawdown (5Y) Largest decline over 5 years	-26.39%	-27.06%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-32.44%	-30.39%	-2.05%
Current Drawdown Current decline from peak	-1.10%	-0.43%	-0.67%
Average Drawdown Average peak-to-trough decline	-7.63%	-14.04%	+6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.26%	+0.53%

Volatility

ELFNX vs. FDESX - Volatility Comparison

The current volatility for Elfun Trusts (ELFNX) is 2.98%, while Fidelity Advisor Diversified Stock Fund Class O (FDESX) has a volatility of 4.26%. This indicates that ELFNX experiences smaller price fluctuations and is considered to be less risky than FDESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELFNX	FDESX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	4.26%	-1.28%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	11.15%	-1.67%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	14.24%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	19.69%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	19.56%	-1.19%

ELFNX vs. FDESX - Expense Ratio Comparison

ELFNX has a 0.18% expense ratio, which is lower than FDESX's 0.45% expense ratio.

Dividends

ELFNX vs. FDESX - Dividend Comparison

ELFNX's dividend yield for the trailing twelve months is around 9.29%, more than FDESX's 5.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ELFNX Elfun Trusts	9.29%	9.87%	10.43%	2.90%	9.01%	11.62%	8.60%	9.39%	16.18%	10.80%	8.85%	8.22%
FDESX Fidelity Advisor Diversified Stock Fund Class O	5.76%	6.58%	13.97%	3.55%	9.06%	16.87%	5.28%	3.23%	13.54%	7.61%	1.67%	8.53%

Frequently Asked Questions

Can I hold both ELFNX and FDESX in my portfolio?

With a correlation of 0.91, ELFNX and FDESX 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, ELFNX or FDESX?

FDESX has higher volatility (4.26%) compared to ELFNX (2.98%). In terms of maximum drawdown, ELFNX dropped -50.28% vs FDESX's -65.36%.

Which has better risk-adjusted returns?

FDESX currently has the higher Sharpe Ratio (2.19 vs 1.89), 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.