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.
Key characteristics
| FDESX | SPHQ | |
|---|---|---|
| YTD Return | 20.93% | 24.31% |
| 1Y Return | 30.40% | 30.81% |
| 3Y Return (Ann) | 10.08% | 12.06% |
| 5Y Return (Ann) | 16.99% | 16.50% |
| 10Y Return (Ann) | 12.17% | 13.76% |
| Sharpe Ratio | 1.99 | 2.53 |
| Daily Std Dev | 15.32% | 12.38% |
| Max Drawdown | -62.74% | -57.83% |
| Current Drawdown | -2.25% | 0.00% |
Correlation
The correlation between FDESX and SPHQ is 0.88, 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
In the year-to-date period, FDESX achieves a 20.93% return, which is significantly lower than SPHQ's 24.31% return. Over the past 10 years, FDESX has underperformed SPHQ with an annualized return of 12.17%, while SPHQ has yielded a comparatively higher 13.76% annualized return. 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. 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's dividend yield for the trailing twelve months is around 2.94%, more than SPHQ's 0.88% 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% |
SPHQ Invesco S&P 500® Quality ETF | 0.88% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% | 1.66% | 1.99% |
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 4.66% compared to Invesco S&P 500® Quality ETF (SPHQ) at 3.44%. 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.