FDTOX vs. SPY

Last updated Jun 23, 2026

FDTOX (Fidelity Advisor Diversified Stock Fund Class A) and SPY (State Street SPDR S&P 500 ETF) are both funds - FDTOX is a Large Cap Growth Equities fund managed by Fidelity, while SPY is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FDTOX returned 16.06%/yr vs 15.70%/yr for SPY. Their correlation of 0.86 suggests significant overlap in exposure. FDTOX charges 0.80%/yr vs 0.09%/yr for SPY.

Performance

FDTOX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Diversified Stock Fund Class A (FDTOX) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDTOX achieves a 14.44% return, which is significantly higher than SPY's 9.74% return. Both investments have delivered pretty close results over the past 10 years, with FDTOX having a 16.06% annualized return and SPY not far behind at 15.70%.

FDTOX

• 1D: 1.32%
• 1M: 2.54%
• YTD: 14.44%
• 6M: 13.68%
• 1Y: 30.97%
• 3Y*: 22.11%
• 5Y*: 13.87%
• 10Y*: 16.06%

SPY

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.74%
• 6M: 9.27%
• 1Y: 26.65%
• 3Y*: 21.27%
• 5Y*: 13.51%
• 10Y*: 15.70%

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

FDTOX vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDTOX Fidelity Advisor Diversified Stock Fund Class A	14.44%	13.68%	27.66%	27.89%	-20.14%	27.77%	27.02%	27.81%	-5.95%	17.73%
SPY State Street SPDR S&P 500 ETF	9.74%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Correlation

The correlation between FDTOX and SPY is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993	0.86

The correlation between FDTOX and SPY shifts across timeframes, from 0.86 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FDTOX vs. SPY — Risk / Return Rank

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

FDTOX

FDTOX Risk / Return Rank: 59
FDTOX Sharpe Ratio Rank: 55
FDTOX Sortino Ratio Rank: 48
FDTOX Omega Ratio Rank: 51
FDTOX Calmar Ratio Rank: 69
FDTOX Martin Ratio Rank: 75

SPY

SPY Risk / Return Rank: 68
SPY Sharpe Ratio Rank: 69
SPY Sortino Ratio Rank: 66
SPY Omega Ratio Rank: 68
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 74

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.

FDTOX vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified Stock Fund Class A (FDTOX) and State Street SPDR S&P 500 ETF (SPY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FDTOX	SPY	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.16	-0.14
Sortino ratio: Return per unit of downside risk	2.68	2.91	-0.23
Omega ratio: Gain probability vs. loss probability	1.36	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	3.06	3.01	+0.05
Martin ratio: Return relative to average drawdown	13.16	13.54	-0.38

FDTOX vs. SPY - Sharpe Ratio Comparison

The current FDTOX Sharpe Ratio is 2.01, which is comparable to the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FDTOX and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDTOX vs. SPY - Drawdown Comparison

The maximum FDTOX drawdown since its inception was -72.07%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDTOX and SPY.

Drawdown Indicators

	FDTOX	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-72.07%	-55.19%	-16.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.04%	-8.88%	-1.16%
Max Drawdown (3Y) Largest decline over 3 years	-27.38%	-18.76%	-8.62%
Max Drawdown (5Y) Largest decline over 5 years	-27.38%	-24.50%	-2.88%
Max Drawdown (10Y) Largest decline over 10 years	-30.39%	-33.72%	+3.33%
Current Drawdown Current decline from peak	-0.36%	-1.75%	+1.39%
Average Drawdown Average peak-to-trough decline	-19.50%	-9.04%	-10.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.97%	+0.36%

Volatility

FDTOX vs. SPY - Volatility Comparison

Fidelity Advisor Diversified Stock Fund Class A (FDTOX) has a higher volatility of 6.26% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that FDTOX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDTOX	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	4.64%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	9.75%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	15.28%	12.43%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.91%	17.14%	+2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	17.99%	+1.67%

FDTOX vs. SPY - Expense Ratio Comparison

FDTOX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

FDTOX vs. SPY - Dividend Comparison

FDTOX's dividend yield for the trailing twelve months is around 5.79%, more than SPY's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDTOX Fidelity Advisor Diversified Stock Fund Class A	5.79%	6.62%	14.36%	3.39%	9.03%	17.16%	5.14%	2.99%	13.50%	7.81%	1.38%	8.36%
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both FDTOX and SPY in my portfolio?

With a correlation of 0.95, FDTOX and SPY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FDTOX or SPY?

FDTOX has higher volatility (6.26%) compared to SPY (4.64%). In terms of maximum drawdown, FDTOX dropped -72.07% vs SPY's -55.19%.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.16 vs 2.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.