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FDESX vs. SPHQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDESX and SPHQ is 0.90, 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.


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Performance

FDESX vs. SPHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Diversified Stock Fund Class O (FDESX) and Invesco S&P 500® Quality ETF (SPHQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FDESX:

-0.16

SPHQ:

0.98

Sortino Ratio

FDESX:

-0.07

SPHQ:

1.44

Omega Ratio

FDESX:

0.99

SPHQ:

1.21

Calmar Ratio

FDESX:

-0.14

SPHQ:

1.01

Martin Ratio

FDESX:

-0.35

SPHQ:

4.14

Ulcer Index

FDESX:

11.74%

SPHQ:

4.03%

Daily Std Dev

FDESX:

23.98%

SPHQ:

17.50%

Max Drawdown

FDESX:

-62.75%

SPHQ:

-57.83%

Current Drawdown

FDESX:

-16.04%

SPHQ:

-0.39%

Returns By Period

In the year-to-date period, FDESX achieves a -1.20% return, which is significantly lower than SPHQ's 5.84% return. Over the past 10 years, FDESX has underperformed SPHQ with an annualized return of 4.89%, while SPHQ has yielded a comparatively higher 13.40% annualized return.


FDESX

YTD

-1.20%

1M

13.02%

6M

-12.45%

1Y

-3.76%

3Y*

7.76%

5Y*

6.80%

10Y*

4.89%

SPHQ

YTD

5.84%

1M

12.27%

6M

5.62%

1Y

16.93%

3Y*

18.89%

5Y*

17.17%

10Y*

13.40%

*Annualized

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Invesco S&P 500® Quality ETF

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 Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDESX
The Risk-Adjusted Performance Rank of FDESX is 1010
Overall Rank
The Sharpe Ratio Rank of FDESX is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of FDESX is 1010
Sortino Ratio Rank
The Omega Ratio Rank of FDESX is 1010
Omega Ratio Rank
The Calmar Ratio Rank of FDESX is 88
Calmar Ratio Rank
The Martin Ratio Rank of FDESX is 1010
Martin Ratio Rank

SPHQ
The Risk-Adjusted Performance Rank of SPHQ is 8080
Overall Rank
The Sharpe Ratio Rank of SPHQ is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of SPHQ is 7979
Sortino Ratio Rank
The Omega Ratio Rank of SPHQ is 8080
Omega Ratio Rank
The Calmar Ratio Rank of SPHQ is 8181
Calmar Ratio Rank
The Martin Ratio Rank of SPHQ is 8181
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current FDESX Sharpe Ratio is -0.16, which is lower than the SPHQ Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of FDESX and SPHQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FDESX vs. SPHQ - Dividend Comparison

FDESX's dividend yield for the trailing twelve months is around 0.58%, less than SPHQ's 1.08% yield.


TTM20242023202220212020201920182017201620152014
FDESX
Fidelity Advisor Diversified Stock Fund Class O
0.58%0.57%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
1.08%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 -62.75%, 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.


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Volatility

FDESX vs. SPHQ - Volatility Comparison

Fidelity Advisor Diversified Stock Fund Class O (FDESX) has a higher volatility of 5.07% compared to Invesco S&P 500® Quality ETF (SPHQ) at 4.81%. 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.


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User Portfolios with FDESX or SPHQ


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