FGTAX vs. DFEN
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN).
FGTAX is managed by Fidelity. It was launched on Feb 5, 2008. DFEN is a passively managed fund by Direxion that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index (300%). It was launched on May 3, 2017.
Performance
FGTAX vs. DFEN - Performance Comparison
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FGTAX vs. DFEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGTAX Fidelity Advisor Mega Cap Stock Fund Class A | -5.15% | 26.58% | 25.62% | 26.18% | -9.26% | 25.98% | 12.59% | 30.74% | -7.68% | 11.66% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | -1.16% | 156.62% | 27.07% | 24.70% | 6.99% | 12.72% | -70.23% | 95.09% | -32.86% | 83.64% |
Returns By Period
In the year-to-date period, FGTAX achieves a -5.15% return, which is significantly lower than DFEN's -1.16% return.
FGTAX
- 1D
- -0.55%
- 1M
- -7.42%
- YTD
- -5.15%
- 6M
- -0.64%
- 1Y
- 22.74%
- 3Y*
- 20.87%
- 5Y*
- 14.23%
- 10Y*
- 14.76%
DFEN
- 1D
- 11.19%
- 1M
- -30.09%
- YTD
- -1.16%
- 6M
- 1.22%
- 1Y
- 127.12%
- 3Y*
- 56.37%
- 5Y*
- 30.53%
- 10Y*
- —
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FGTAX vs. DFEN - Expense Ratio Comparison
FGTAX has a 0.90% expense ratio, which is lower than DFEN's 0.99% expense ratio.
Return for Risk
FGTAX vs. DFEN — Risk / Return Rank
FGTAX
DFEN
FGTAX vs. DFEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN). 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.
| FGTAX | DFEN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.83 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.84 | 2.27 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.03 | -1.32 |
Martin ratioReturn relative to average drawdown | 7.97 | 10.38 | -2.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGTAX | DFEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.83 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.52 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.21 | +0.34 |
Correlation
The correlation between FGTAX and DFEN is 0.70, 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.
Dividends
FGTAX vs. DFEN - Dividend Comparison
FGTAX's dividend yield for the trailing twelve months is around 3.92%, less than DFEN's 9.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGTAX Fidelity Advisor Mega Cap Stock Fund Class A | 3.92% | 3.72% | 2.48% | 1.86% | 4.17% | 4.61% | 7.84% | 12.91% | 21.65% | 16.21% | 1.75% | 3.75% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 9.03% | 8.89% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.50% | 0.00% | 0.00% |
Drawdowns
FGTAX vs. DFEN - Drawdown Comparison
The maximum FGTAX drawdown since its inception was -53.07%, smaller than the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for FGTAX and DFEN.
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Drawdown Indicators
| FGTAX | DFEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.07% | -91.36% | +38.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -41.75% | +29.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.48% | -56.23% | +32.75% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | — | — |
Current DrawdownCurrent decline from peak | -9.04% | -35.23% | +26.19% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -45.54% | +38.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 12.18% | -9.57% |
Volatility
FGTAX vs. DFEN - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) is 4.35%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 23.85%. This indicates that FGTAX experiences smaller price fluctuations and is considered to be less risky than DFEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGTAX | DFEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 23.85% | -19.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 48.18% | -38.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.15% | 69.88% | -51.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 59.00% | -42.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 71.31% | -53.22% |