FALIX vs. ^GSPC
Compare and contrast key facts about Fidelity Advisor Large Cap Fund Class I (FALIX) and S&P 500 (^GSPC).
FALIX is managed by Fidelity. It was launched on Feb 20, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FALIX or ^GSPC.
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.
Performance
FALIX vs. ^GSPC - Performance Comparison
Key characteristics
FALIX:
1.40
^GSPC:
1.62
FALIX:
1.85
^GSPC:
2.20
FALIX:
1.27
^GSPC:
1.30
FALIX:
2.20
^GSPC:
2.46
FALIX:
6.87
^GSPC:
10.01
FALIX:
2.79%
^GSPC:
2.08%
FALIX:
13.69%
^GSPC:
12.88%
FALIX:
-61.20%
^GSPC:
-56.78%
FALIX:
-5.79%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FALIX achieves a 3.23% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, FALIX has underperformed ^GSPC with an annualized return of 7.21%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
FALIX
3.23%
-2.03%
3.16%
16.93%
11.41%
7.21%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
FALIX vs. ^GSPC — Risk-Adjusted Performance Rank
FALIX
^GSPC
FALIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Fund Class I (FALIX) and S&P 500 (^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.
Drawdowns
FALIX vs. ^GSPC - Drawdown Comparison
The maximum FALIX drawdown since its inception was -61.20%, 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. For additional features, visit the drawdowns tool.
Volatility
FALIX vs. ^GSPC - Volatility Comparison
Fidelity Advisor Large Cap Fund Class I (FALIX) has a higher volatility of 4.13% compared to S&P 500 (^GSPC) at 3.43%. This indicates that FALIX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.