FDESX vs. SPHQ
Compare and contrast key facts about Fidelity Advisor Diversified Stock Fund Class O (FDESX) and Invesco S&P 500® Quality ETF (SPHQ).
FDESX is managed by Fidelity. It was launched on Jul 10, 1970. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDESX or SPHQ.
Correlation
The correlation between FDESX and SPHQ is 0.87, 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. SPHQ - Performance Comparison
Key characteristics
FDESX:
0.88
SPHQ:
2.25
FDESX:
1.14
SPHQ:
3.09
FDESX:
1.20
SPHQ:
1.41
FDESX:
1.08
SPHQ:
4.51
FDESX:
4.45
SPHQ:
16.26
FDESX:
3.74%
SPHQ:
1.71%
FDESX:
18.79%
SPHQ:
12.33%
FDESX:
-62.74%
SPHQ:
-57.83%
FDESX:
-14.11%
SPHQ:
-3.19%
Returns By Period
In the year-to-date period, FDESX achieves a 1.59% return, which is significantly higher than SPHQ's 0.51% return. Over the past 10 years, FDESX has underperformed SPHQ with an annualized return of 11.51%, while SPHQ has yielded a comparatively higher 13.39% annualized return.
FDESX
1.59%
-14.11%
-6.33%
16.77%
13.83%
11.51%
SPHQ
0.51%
-2.45%
4.89%
28.23%
14.78%
13.39%
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FDESX vs. SPHQ - Expense Ratio Comparison
FDESX has a 0.45% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
FDESX vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified Stock Fund Class O (FDESX) and Invesco S&P 500® Quality ETF (SPHQ). 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. SPHQ - Dividend Comparison
FDESX has not paid dividends to shareholders, while SPHQ's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDESX Fidelity Advisor Diversified Stock Fund Class O | 0.00% | 0.00% | 0.57% | 0.87% | 0.59% | 0.52% | 0.82% | 0.82% | 1.36% | 1.63% | 1.78% | 11.34% |
SPHQ Invesco S&P 500® Quality ETF | 1.14% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
Drawdowns
FDESX vs. SPHQ - Drawdown Comparison
The maximum FDESX drawdown since its inception was -62.74%, which is greater than SPHQ's maximum drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for FDESX and SPHQ. For additional features, visit the drawdowns tool.
Volatility
FDESX vs. SPHQ - Volatility Comparison
Fidelity Advisor Diversified Stock Fund Class O (FDESX) has a higher volatility of 12.53% compared to Invesco S&P 500® Quality ETF (SPHQ) at 4.03%. This indicates that FDESX's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.