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 0.90, 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.
Performance
FDESX vs. SPHQ - Performance Comparison
Key characteristics
FDESX:
-0.14
SPHQ:
0.96
FDESX:
-0.03
SPHQ:
1.43
FDESX:
0.99
SPHQ:
1.21
FDESX:
-0.11
SPHQ:
1.00
FDESX:
-0.31
SPHQ:
4.20
FDESX:
11.07%
SPHQ:
3.94%
FDESX:
23.87%
SPHQ:
17.31%
FDESX:
-62.75%
SPHQ:
-57.83%
FDESX:
-20.05%
SPHQ:
-5.34%
Returns By Period
In the year-to-date period, FDESX achieves a -5.92% return, which is significantly lower than SPHQ's 0.57% return. Over the past 10 years, FDESX has underperformed SPHQ with an annualized return of 4.55%, while SPHQ has yielded a comparatively higher 13.06% annualized return.
FDESX
-5.92%
-0.12%
-14.14%
-4.18%
7.16%
4.55%
SPHQ
0.57%
1.16%
2.60%
16.66%
17.22%
13.06%
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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 Rank
FDESX
SPHQ
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's dividend yield for the trailing twelve months is around 0.61%, less than SPHQ's 1.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDESX Fidelity Advisor Diversified Stock Fund Class O | 0.61% | 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 | 1.14% | 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 -62.75%, 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.
Volatility
FDESX vs. SPHQ - Volatility Comparison
Fidelity Advisor Diversified Stock Fund Class O (FDESX) has a higher volatility of 14.11% compared to Invesco S&P 500® Quality ETF (SPHQ) at 12.46%. 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.