FHZTX vs. VIIIX

Last updated Jul 11, 2026

FHZTX (Fidelity Advisor Large Cap Stock Fund Class I) and VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) are both mutual funds - FHZTX is a Large Cap Blend Equities fund actively managed by Fidelity, while VIIIX is a S&P 500 fund tracking the S&P 500 Index. FHZTX is actively managed, while VIIIX is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. FHZTX charges 0.77%/yr vs 0.02%/yr for VIIIX.

Performance

FHZTX vs. VIIIX - 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 Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FHZTX

• 1D: 0.56%
• 1M: 2.08%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VIIIX

• 1D: 0.82%
• 1M: 1.58%
• 6M: 8.91%
• YTD: 10.87%
• 1Y: 21.93%
• 3Y*: 21.61%
• 5Y*: 13.28%
• 10Y*: 15.42%

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

FHZTX vs. VIIIX - Yearly Performance Comparison

	2026 (YTD)
FHZTX Fidelity Advisor Large Cap Stock Fund Class I	10.94%
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	14.14%

Correlation

The correlation between FHZTX and VIIIX is 0.92, 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 16, 2026	0.92

Return for Risk

FHZTX vs. VIIIX — Risk / Return Rank

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

FHZTX

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

VIIIX

VIIIX Risk / Return Rank: 65
VIIIX Sharpe Ratio Rank: 64
VIIIX Sortino Ratio Rank: 59
VIIIX Omega Ratio Rank: 61
VIIIX Calmar Ratio Rank: 65
VIIIX Martin Ratio Rank: 76

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. VIIIX - 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 Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.

	FHZTX	VIIIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.76	—
Sortino ratio: Return per unit of downside risk	—	2.42	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.47	—
Martin ratio: Return relative to average drawdown	—	10.84	—

Drawdowns

FHZTX vs. VIIIX - Drawdown Comparison

The maximum FHZTX drawdown since its inception was -5.31%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for FHZTX and VIIIX.

Drawdown Indicators

	FHZTX	VIIIX	Difference
Max Drawdown Largest peak-to-trough decline	-5.31%	-55.18%	+49.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-0.52%	-0.75%	+0.23%
Average Drawdown Average peak-to-trough decline	-0.90%	-9.99%	+9.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	FHZTX	VIIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.65%	12.53%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	17.00%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.65%	18.04%	-3.39%

FHZTX vs. VIIIX - Expense Ratio Comparison

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

Dividends

FHZTX vs. VIIIX - Dividend Comparison

FHZTX's dividend yield for the trailing twelve months is around 4.78%, more than VIIIX's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHZTX Fidelity Advisor Large Cap Stock Fund Class I	4.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	2.48%	2.11%	3.66%	2.66%	3.39%	4.79%	3.07%	2.86%	2.45%	1.84%	2.38%	2.47%

Frequently Asked Questions

Can I hold both FHZTX and VIIIX in my portfolio?

With a correlation of 0.92, FHZTX and VIIIX 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.