FGTAX vs. SPY
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) and State Street SPDR S&P 500 ETF (SPY).
FGTAX is managed by Fidelity. It was launched on Feb 5, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FGTAX vs. SPY - Performance Comparison
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FGTAX vs. SPY - 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% | 17.54% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FGTAX achieves a -5.15% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, FGTAX has outperformed SPY with an annualized return of 14.76%, while SPY has yielded a comparatively lower 13.98% annualized 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FGTAX vs. SPY - Expense Ratio Comparison
FGTAX has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FGTAX vs. SPY — Risk / Return Rank
FGTAX
SPY
FGTAX vs. SPY - 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 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.
| FGTAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 0.93 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.45 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.53 | +0.18 |
Martin ratioReturn relative to average drawdown | 7.97 | 7.30 | +0.67 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.93 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.69 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.78 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.56 | -0.01 |
Correlation
The correlation between FGTAX and SPY is 0.95, 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. SPY - Dividend Comparison
FGTAX's dividend yield for the trailing twelve months is around 3.92%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FGTAX vs. SPY - Drawdown Comparison
The maximum FGTAX drawdown since its inception was -53.07%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FGTAX and SPY.
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Drawdown Indicators
| FGTAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.07% | -55.19% | +2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -12.05% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.48% | -24.50% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -33.72% | -1.49% |
Current DrawdownCurrent decline from peak | -9.04% | -6.24% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -9.09% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.52% | +0.09% |
Volatility
FGTAX vs. SPY - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class A (FGTAX) is 4.35%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FGTAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGTAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 5.31% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 9.47% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.15% | 19.05% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 17.06% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 17.92% | +0.17% |