FDESX vs. FZACX
Compare and contrast key facts about Fidelity Advisor Diversified Stock Fund Class O (FDESX) and Fidelity Advisor Diversified Stock Fund Class Z (FZACX).
FDESX is managed by Fidelity. It was launched on Jul 10, 1970. FZACX is managed by Fidelity. It was launched on Aug 13, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDESX or FZACX.
Key characteristics
| FDESX | FZACX | |
|---|---|---|
| YTD Return | 20.75% | 20.69% |
| 1Y Return | 30.63% | 30.59% |
| 3Y Return (Ann) | 10.01% | 9.97% |
| 5Y Return (Ann) | 17.09% | 17.05% |
| 10Y Return (Ann) | 12.15% | 12.12% |
| Sharpe Ratio | 1.97 | 1.97 |
| Daily Std Dev | 15.32% | 15.28% |
| Max Drawdown | -62.74% | -30.35% |
| Current Drawdown | -2.41% | -2.44% |
Correlation
The correlation between FDESX and FZACX is 1.00, 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
FDESX vs. FZACX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FDESX having a 20.75% return and FZACX slightly lower at 20.69%. Both investments have delivered pretty close results over the past 10 years, with FDESX having a 12.15% annualized return and FZACX not far behind at 12.12%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDESX vs. FZACX - Expense Ratio Comparison
FDESX has a 0.45% expense ratio, which is lower than FZACX's 0.48% expense ratio.
Risk-Adjusted Performance
FDESX vs. FZACX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified Stock Fund Class O (FDESX) and Fidelity Advisor Diversified Stock Fund Class Z (FZACX). 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.
Dividends
FDESX vs. FZACX - Dividend Comparison
FDESX's dividend yield for the trailing twelve months is around 2.94%, more than FZACX's 2.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDESX Fidelity Advisor Diversified Stock Fund Class O | 2.94% | 3.55% | 9.06% | 16.87% | 5.28% | 3.23% | 13.54% | 8.97% | 1.67% | 1.78% | 11.34% | 2.46% |
FZACX Fidelity Advisor Diversified Stock Fund Class Z | 2.81% | 3.39% | 8.71% | 16.27% | 5.10% | 3.12% | 13.16% | 8.76% | 1.60% | 1.72% | 11.11% | 2.45% |
Drawdowns
FDESX vs. FZACX - Drawdown Comparison
The maximum FDESX drawdown since its inception was -62.74%, which is greater than FZACX's maximum drawdown of -30.35%. Use the drawdown chart below to compare losses from any high point for FDESX and FZACX. For additional features, visit the drawdowns tool.
Volatility
FDESX vs. FZACX - Volatility Comparison
Fidelity Advisor Diversified Stock Fund Class O (FDESX) and Fidelity Advisor Diversified Stock Fund Class Z (FZACX) have volatilities of 4.58% and 4.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.