FDETX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Capital Development Fund Class O (FDETX) and S&P 500 Index (^GSPC).

FDETX is managed by Fidelity. It was launched on Dec 30, 1985.

Performance

FDETX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Capital Development Fund Class O (FDETX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FDETX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDETX Fidelity Advisor Capital Development Fund Class O	-1.95%	27.60%	27.07%	24.20%	-8.00%	25.32%	9.12%	31.39%	-9.09%	16.45%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, FDETX achieves a -1.95% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, FDETX has outperformed ^GSPC with an annualized return of 15.03%, while ^GSPC has yielded a comparatively lower 12.24% annualized return.

FDETX

• 1D: 3.24%
• 1M: -5.25%
• YTD: -1.95%
• 6M: 3.03%
• 1Y: 27.50%
• 3Y*: 22.78%
• 5Y*: 14.97%
• 10Y*: 15.03%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FDETX vs. ^GSPC — Risk / Return Rank

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

FDETX

FDETX Risk / Return Rank: 84
FDETX Sharpe Ratio Rank: 80
FDETX Sortino Ratio Rank: 81
FDETX Omega Ratio Rank: 83
FDETX Calmar Ratio Rank: 86
FDETX Martin Ratio Rank: 90

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDETX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Capital Development Fund Class O (FDETX) and S&P 500 Index (^GSPC). 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.

	FDETX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.52	0.92	+0.60
Sortino ratio Return per unit of downside risk	2.14	1.41	+0.72
Omega ratio Gain probability vs. loss probability	1.34	1.21	+0.13
Calmar ratio Return relative to maximum drawdown	2.29	1.41	+0.88
Martin ratio Return relative to average drawdown	10.41	6.61	+3.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDETX vs. ^GSPC - Sharpe Ratio Comparison

The current FDETX Sharpe Ratio is 1.52, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FDETX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDETX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	0.92	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.61	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.68	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.46	+0.17

Correlation

The correlation between FDETX and ^GSPC is 0.92, 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.

Drawdowns

FDETX vs. ^GSPC - Drawdown Comparison

The maximum FDETX drawdown since its inception was -66.86%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FDETX and ^GSPC.

Drawdown Indicators

	FDETX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-66.86%	-56.78%	-10.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-12.14%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	-25.43%	+3.71%
Max Drawdown (10Y) Largest decline over 10 years	-36.61%	-33.92%	-2.69%
Current Drawdown Current decline from peak	-6.71%	-5.78%	-0.93%
Average Drawdown Average peak-to-trough decline	-11.26%	-10.75%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.60%	+0.13%

Volatility

FDETX vs. ^GSPC - Volatility Comparison

Fidelity Advisor Capital Development Fund Class O (FDETX) has a higher volatility of 5.73% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that FDETX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDETX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	5.37%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	9.55%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	18.62%	18.33%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	16.90%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	18.05%	+0.80%