ERASX vs. FZAMX
ERASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) and FZAMX (Fidelity Advisor Mid Cap II Fund Class Z) are both Mid Cap Blend Equities funds. Over the past 10 years, ERASX returned 11.20%/yr vs 12.19%/yr for FZAMX. Their correlation of 0.88 means they have usually moved in the same direction. ERASX charges 0.81%/yr vs 0.61%/yr for FZAMX.
Performance
ERASX vs. FZAMX - Performance Comparison
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Returns By Period
In the year-to-date period, ERASX achieves a 5.31% return, which is significantly lower than FZAMX's 21.69% return. Over the past 10 years, ERASX has underperformed FZAMX with an annualized return of 11.20%, while FZAMX has yielded a comparatively higher 12.19% annualized return.
ERASX
- 1D
- -1.06%
- 1M
- 3.34%
- 6M
- 3.97%
- YTD
- 5.31%
- 1Y
- 2.49%
- 3Y*
- 7.00%
- 5Y*
- 5.16%
- 10Y*
- 11.20%
- ALL TIME*
- 11.33%
FZAMX
- 1D
- 1.77%
- 1M
- -2.80%
- 6M
- 15.92%
- YTD
- 21.69%
- 1Y
- 34.39%
- 3Y*
- 17.98%
- 5Y*
- 11.32%
- 10Y*
- 12.19%
- ALL TIME*
- 11.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ERASX vs. FZAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 5.31% | -5.59% | 17.74% | 14.08% | -8.72% | 22.10% | 11.40% | 44.21% | -5.47% | 24.82% |
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 21.69% | 12.00% | 17.39% | 15.15% | -14.70% | 25.40% | 18.84% | 23.85% | -14.85% | 20.78% |
Correlation
The correlation between ERASX and FZAMX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.88 |
Over the past year, the correlation between ERASX and FZAMX has dropped to 0.54 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
ERASX vs. FZAMX — Risk / Return Rank
ERASX
FZAMX
ERASX vs. FZAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Atlanta Capital SMID-Cap Fund Class A (ERASX) and Fidelity Advisor Mid Cap II Fund Class Z (FZAMX). 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.
| ERASX | FZAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 3.24 | -3.33 |
| Martin ratioReturn relative to average drawdown | -0.19 | 11.76 | -11.95 |
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Drawdowns
ERASX vs. FZAMX - Drawdown Comparison
The maximum ERASX drawdown since its inception was -39.94%, smaller than the maximum FZAMX drawdown of -42.32%. Use the drawdown chart below to compare losses from any high point for ERASX and FZAMX.
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Drawdown Indicators
| ERASX | FZAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.94% | -42.32% | +2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -9.77% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.36% | -25.24% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -19.77% | -25.24% | +5.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.94% | -42.32% | +2.38% |
Current DrawdownCurrent decline from peak | -6.30% | -5.39% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -6.03% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 2.69% | +3.69% |
Volatility
ERASX vs. FZAMX - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund Class A (ERASX) has a higher volatility of 5.63% compared to Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) at 4.56%. This indicates that ERASX's price experiences larger fluctuations and is considered to be riskier than FZAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERASX | FZAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 4.56% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 14.46% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 18.14% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 20.27% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 20.91% | -1.97% |
ERASX vs. FZAMX - Expense Ratio Comparison
ERASX has a 0.81% expense ratio, which is higher than FZAMX's 0.61% expense ratio.
Dividends
ERASX vs. FZAMX - Dividend Comparison
ERASX's dividend yield for the trailing twelve months is around 6.11%, more than FZAMX's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 6.11% | 6.44% | 7.29% | 2.82% | 10.26% | 10.40% | 9.73% | 13.15% | 7.16% | 3.29% | 3.57% | 6.68% |
FZAMX Fidelity Advisor Mid Cap II Fund Class Z | 5.79% | 10.09% | 6.93% | 2.83% | 5.86% | 18.58% | 1.41% | 3.50% | 10.72% | 7.81% | 5.00% | 4.90% |
Frequently Asked Questions
ERASX and FZAMX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERASX has higher volatility (5.63%) compared to FZAMX (4.56%). In terms of maximum drawdown, ERASX dropped -39.94% vs FZAMX's -42.32%.
FZAMX currently has the higher Sharpe Ratio (1.75 vs -0.07), 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.
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