FDESX vs. IWV
Compare and contrast key facts about Fidelity Advisor Diversified Stock Fund Class O (FDESX) and iShares Russell 3000 ETF (IWV).
FDESX is managed by Fidelity. It was launched on Jul 10, 1970. IWV is a passively managed fund by iShares that tracks the performance of the Russell 3000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDESX or IWV.
Key characteristics
| FDESX | IWV | |
|---|---|---|
| YTD Return | 20.93% | 17.86% |
| 1Y Return | 30.40% | 27.48% |
| 3Y Return (Ann) | 10.08% | 8.40% |
| 5Y Return (Ann) | 16.99% | 14.37% |
| 10Y Return (Ann) | 12.17% | 12.19% |
| Sharpe Ratio | 1.99 | 2.12 |
| Daily Std Dev | 15.32% | 13.00% |
| Max Drawdown | -62.74% | -55.61% |
| Current Drawdown | -2.25% | -0.23% |
Correlation
The correlation between FDESX and IWV 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
FDESX vs. IWV - Performance Comparison
In the year-to-date period, FDESX achieves a 20.93% return, which is significantly higher than IWV's 17.86% return. Both investments have delivered pretty close results over the past 10 years, with FDESX having a 12.17% annualized return and IWV not far ahead at 12.19%. 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. IWV - Expense Ratio Comparison
FDESX has a 0.45% expense ratio, which is higher than IWV's 0.20% expense ratio.
Risk-Adjusted Performance
FDESX vs. IWV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified Stock Fund Class O (FDESX) and iShares Russell 3000 ETF (IWV). 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. IWV - Dividend Comparison
FDESX's dividend yield for the trailing twelve months is around 2.94%, more than IWV's 1.12% 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% |
IWV iShares Russell 3000 ETF | 1.12% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% | 1.62% | 1.61% |
Drawdowns
FDESX vs. IWV - Drawdown Comparison
The maximum FDESX drawdown since its inception was -62.74%, which is greater than IWV's maximum drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for FDESX and IWV. For additional features, visit the drawdowns tool.
Volatility
FDESX vs. IWV - Volatility Comparison
Fidelity Advisor Diversified Stock Fund Class O (FDESX) has a higher volatility of 4.66% compared to iShares Russell 3000 ETF (IWV) at 4.05%. This indicates that FDESX's price experiences larger fluctuations and is considered to be riskier than IWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.