FHZTX vs. SWPPX

Last updated Jun 5, 2026

FHZTX (Fidelity Advisor Large Cap Stock Fund Class I) and SWPPX (Schwab S&P 500 Index Fund) are both Large Cap Blend Equities funds. FHZTX is actively managed, while SWPPX is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. FHZTX charges 0.77%/yr vs 0.02%/yr for SWPPX.

Performance

FHZTX vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Large Cap Stock Fund Class I (FHZTX) and Schwab S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FHZTX

• 1D: -0.88%
• 1M: 1.51%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWPPX

• 1D: -0.77%
• 1M: 4.12%
• YTD: 10.83%
• 6M: 10.73%
• 1Y: 27.97%
• 3Y*: 22.42%
• 5Y*: 13.88%
• 10Y*: 15.55%

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

FHZTX vs. SWPPX - Yearly Performance Comparison

	2026 (YTD)
FHZTX Fidelity Advisor Large Cap Stock Fund Class I	8.85%
SWPPX Schwab S&P 500 Index Fund	12.96%

Correlation

The correlation between FHZTX and SWPPX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 17, 2026	0.93

Return for Risk

FHZTX vs. SWPPX — Risk / Return Rank

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

SWPPX

SWPPX Risk / Return Rank: 65
SWPPX Sharpe Ratio Rank: 63
SWPPX Sortino Ratio Rank: 58
SWPPX Omega Ratio Rank: 59
SWPPX Calmar Ratio Rank: 67
SWPPX Martin Ratio Rank: 79

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.

FHZTX vs. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Large Cap Stock Fund Class I (FHZTX) and Schwab S&P 500 Index Fund (SWPPX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FHZTX	SWPPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.28	0.51	+2.77

Drawdowns

FHZTX vs. SWPPX - Drawdown Comparison

The maximum FHZTX drawdown since its inception was -5.31%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for FHZTX and SWPPX.

Drawdown Indicators

	FHZTX	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-5.31%	-55.06%	+49.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.51%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.80%	—
Current Drawdown Current decline from peak	-1.12%	-0.77%	-0.35%
Average Drawdown Average peak-to-trough decline	-0.83%	-9.95%	+9.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.90%	—

Volatility

Volatility by Period

	FHZTX	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	11.90%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.62%	16.93%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.62%	18.23%	-3.61%

FHZTX vs. SWPPX - Expense Ratio Comparison

FHZTX has a 0.77% expense ratio, which is higher than SWPPX's 0.02% expense ratio.

Dividends

FHZTX vs. SWPPX - Dividend Comparison

FHZTX has not paid dividends to shareholders, while SWPPX's dividend yield for the trailing twelve months is around 1.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHZTX Fidelity Advisor Large Cap Stock Fund Class I	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SWPPX Schwab S&P 500 Index Fund	1.00%	1.11%	1.23%	1.43%	1.67%	1.27%	1.81%	1.95%	2.67%	1.79%	2.55%	3.17%

Frequently Asked Questions

Can I hold both FHZTX and SWPPX in my portfolio?

With a correlation of 0.93, FHZTX and SWPPX 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.