FACGX vs. IOLZX

Last updated Jun 24, 2026

FACGX (Fidelity Advisor Growth Opportunities Fund Class C) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, FACGX returned 21.77%/yr vs 15.49%/yr for IOLZX. A 0.79 correlation means they provide meaningful diversification when combined. FACGX charges 1.80%/yr vs 1.04%/yr for IOLZX.

Performance

FACGX vs. IOLZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Growth Opportunities Fund Class C (FACGX) and ICON Equity Fund (IOLZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FACGX achieves a 14.71% return, which is significantly lower than IOLZX's 30.88% return. Over the past 10 years, FACGX has outperformed IOLZX with an annualized return of 21.77%, while IOLZX has yielded a comparatively lower 15.49% annualized return.

FACGX

• 1D: -1.23%
• 1M: 2.65%
• YTD: 14.71%
• 6M: 13.49%
• 1Y: 33.97%
• 3Y*: 29.72%
• 5Y*: 10.84%
• 10Y*: 21.77%

IOLZX

• 1D: 0.36%
• 1M: 7.28%
• YTD: 30.88%
• 6M: 29.23%
• 1Y: 53.97%
• 3Y*: 25.06%
• 5Y*: 11.89%
• 10Y*: 15.49%

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

FACGX vs. IOLZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FACGX Fidelity Advisor Growth Opportunities Fund Class C	14.71%	21.26%	37.68%	44.06%	-38.87%	10.46%	67.34%	39.19%	14.13%	33.63%
IOLZX ICON Equity Fund	30.88%	15.81%	16.87%	12.13%	-17.78%	26.72%	16.00%	38.22%	-16.69%	26.78%

Correlation

The correlation between FACGX and IOLZX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004	0.79

Over the past year, the correlation between FACGX and IOLZX has dropped to 0.57 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

FACGX vs. IOLZX — Risk / Return Rank

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

FACGX

FACGX Risk / Return Rank: 39
FACGX Sharpe Ratio Rank: 44
FACGX Sortino Ratio Rank: 38
FACGX Omega Ratio Rank: 40
FACGX Calmar Ratio Rank: 36
FACGX Martin Ratio Rank: 38

IOLZX

IOLZX Risk / Return Rank: 85
IOLZX Sharpe Ratio Rank: 92
IOLZX Sortino Ratio Rank: 86
IOLZX Omega Ratio Rank: 80
IOLZX Calmar Ratio Rank: 86
IOLZX Martin Ratio Rank: 80

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.

FACGX vs. IOLZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class C (FACGX) and ICON Equity Fund (IOLZX). 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.

	FACGX	IOLZX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.87	-1.07
Sortino ratio: Return per unit of downside risk	2.39	3.79	-1.40
Omega ratio: Gain probability vs. loss probability	1.31	1.48	-0.16
Calmar ratio: Return relative to maximum drawdown	2.16	3.91	-1.75
Martin ratio: Return relative to average drawdown	7.86	13.84	-5.98

FACGX vs. IOLZX - Sharpe Ratio Comparison

The current FACGX Sharpe Ratio is 1.80, which is lower than the IOLZX Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of FACGX and IOLZX, 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

FACGX vs. IOLZX - Drawdown Comparison

The maximum FACGX drawdown since its inception was -65.53%, which is greater than IOLZX's maximum drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for FACGX and IOLZX.

Drawdown Indicators

	FACGX	IOLZX	Difference
Max Drawdown Largest peak-to-trough decline	-65.53%	-56.03%	-9.50%
Max Drawdown (1Y) Largest decline over 1 year	-16.45%	-14.35%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-26.70%	-24.71%	-1.99%
Max Drawdown (5Y) Largest decline over 5 years	-45.17%	-27.77%	-17.40%
Max Drawdown (10Y) Largest decline over 10 years	-45.17%	-41.04%	-4.13%
Current Drawdown Current decline from peak	-1.49%	0.00%	-1.49%
Average Drawdown Average peak-to-trough decline	-16.11%	-12.61%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	4.05%	+0.46%

Volatility

FACGX vs. IOLZX - Volatility Comparison

Fidelity Advisor Growth Opportunities Fund Class C (FACGX) has a higher volatility of 8.30% compared to ICON Equity Fund (IOLZX) at 7.17%. This indicates that FACGX's price experiences larger fluctuations and is considered to be riskier than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FACGX	IOLZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	7.17%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	15.83%	15.88%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	19.60%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.05%	21.54%	+3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.01%	22.43%	+1.58%

FACGX vs. IOLZX - Expense Ratio Comparison

FACGX has a 1.80% expense ratio, which is higher than IOLZX's 1.04% expense ratio.

Dividends

FACGX vs. IOLZX - Dividend Comparison

FACGX's dividend yield for the trailing twelve months is around 4.58%, less than IOLZX's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FACGX Fidelity Advisor Growth Opportunities Fund Class C	4.58%	5.26%	0.00%	0.00%	0.00%	11.75%	6.13%	4.87%	14.01%	8.00%	17.39%	12.23%
IOLZX ICON Equity Fund	8.17%	10.69%	22.21%	4.75%	18.57%	14.12%	0.00%	3.46%	1.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FACGX and IOLZX in my portfolio?

FACGX and IOLZX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FACGX or IOLZX?

FACGX has higher volatility (8.30%) compared to IOLZX (7.17%). In terms of maximum drawdown, FACGX dropped -65.53% vs IOLZX's -56.03%.

Which has better risk-adjusted returns?

IOLZX currently has the higher Sharpe Ratio (2.87 vs 1.80), 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.