FALIX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Large Cap Fund Class I (FALIX) and S&P 500 Index (^GSPC).

FALIX is managed by Fidelity. It was launched on Feb 20, 1996.

Performance

FALIX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Large Cap Fund Class I (FALIX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FALIX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FALIX Fidelity Advisor Large Cap Fund Class I	0.00%	19.65%	26.36%	23.49%	-7.91%	25.81%	8.85%	31.71%	-8.42%	16.93%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

Over the past 10 years, FALIX has outperformed ^GSPC with an annualized return of 14.62%, while ^GSPC has yielded a comparatively lower 12.24% annualized return.

FALIX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -1.18%
• 1Y: 21.95%
• 3Y*: 20.59%
• 5Y*: 13.73%
• 10Y*: 14.62%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

FALIX vs. ^GSPC — Risk / Return Rank

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

FALIX

FALIX Risk / Return Rank: 65
FALIX Sharpe Ratio Rank: 77
FALIX Sortino Ratio Rank: 78
FALIX Omega Ratio Rank: 92
FALIX Calmar Ratio Rank: 37
FALIX Martin Ratio Rank: 41

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

FALIX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class I (FALIX) and S&P 500 Index (^GSPC). 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.

	FALIX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.45	0.92	+0.53
Sortino ratio Return per unit of downside risk	2.07	1.41	+0.66
Omega ratio Gain probability vs. loss probability	1.45	1.21	+0.23
Calmar ratio Return relative to maximum drawdown	1.12	1.41	-0.30
Martin ratio Return relative to average drawdown	4.65	6.61	-1.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FALIX vs. ^GSPC - Sharpe Ratio Comparison

The current FALIX Sharpe Ratio is 1.45, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FALIX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FALIX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	0.92	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.61	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.68	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.46	+0.02

Correlation

The correlation between FALIX and ^GSPC is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

FALIX vs. ^GSPC - Drawdown Comparison

The maximum FALIX drawdown since its inception was -62.37%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FALIX and ^GSPC.

Drawdown Indicators

	FALIX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-62.37%	-56.78%	-5.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-12.14%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	-25.43%	+3.95%
Max Drawdown (10Y) Largest decline over 10 years	-37.51%	-33.92%	-3.59%
Current Drawdown Current decline from peak	-4.17%	-5.78%	+1.61%
Average Drawdown Average peak-to-trough decline	-13.32%	-10.75%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	2.60%	+0.93%

Volatility

FALIX vs. ^GSPC - Volatility Comparison

The current volatility for Fidelity Advisor Large Cap Fund Class I (FALIX) is 0.00%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that FALIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FALIX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	5.37%	-5.37%
Volatility (6M) Calculated over the trailing 6-month period	5.82%	9.55%	-3.73%
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	18.33%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	16.90%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	18.05%	+0.57%