FCAGX vs. SPY
Compare and contrast key facts about Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) and State Street SPDR S&P 500 ETF (SPY).
FCAGX is managed by Fidelity. It was launched on Nov 3, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FCAGX vs. SPY - Performance Comparison
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FCAGX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCAGX Fidelity Advisor Small Cap Growth Fund Class A | -0.87% | 10.88% | 20.21% | 18.72% | -25.57% | 10.19% | 36.01% | 35.97% | -4.85% | 28.62% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FCAGX achieves a -0.87% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, FCAGX has underperformed SPY with an annualized return of 13.00%, while SPY has yielded a comparatively higher 14.06% annualized return.
FCAGX
- 1D
- 4.98%
- 1M
- -6.49%
- YTD
- -0.87%
- 6M
- 2.10%
- 1Y
- 23.76%
- 3Y*
- 13.57%
- 5Y*
- 3.87%
- 10Y*
- 13.00%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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FCAGX vs. SPY - Expense Ratio Comparison
FCAGX has a 1.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FCAGX vs. SPY — Risk / Return Rank
FCAGX
SPY
FCAGX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) and State Street SPDR S&P 500 ETF (SPY). 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.
| FCAGX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.96 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.49 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.53 | +0.14 |
Martin ratioReturn relative to average drawdown | 6.23 | 7.27 | -1.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCAGX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.96 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.70 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.79 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.56 | -0.10 |
Correlation
The correlation between FCAGX and SPY is 0.85, 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.
Dividends
FCAGX vs. SPY - Dividend Comparison
FCAGX's dividend yield for the trailing twelve months is around 7.01%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCAGX Fidelity Advisor Small Cap Growth Fund Class A | 7.01% | 6.94% | 1.20% | 0.00% | 0.00% | 20.36% | 8.58% | 5.58% | 14.80% | 7.05% | 0.79% | 4.32% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FCAGX vs. SPY - Drawdown Comparison
The maximum FCAGX drawdown since its inception was -61.19%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FCAGX and SPY.
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Drawdown Indicators
| FCAGX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.19% | -55.19% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -12.05% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -39.13% | -24.50% | -14.63% |
Max Drawdown (10Y)Largest decline over 10 years | -39.13% | -33.72% | -5.41% |
Current DrawdownCurrent decline from peak | -8.87% | -5.53% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -9.09% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 2.54% | +1.16% |
Volatility
FCAGX vs. SPY - Volatility Comparison
Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) has a higher volatility of 9.90% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that FCAGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCAGX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.90% | 5.35% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 16.76% | 9.50% | +7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.94% | 19.06% | +5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.42% | 17.06% | +6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 17.92% | +4.82% |