FHZTX vs. VIIIX

Last updated Aug 1, 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 0.93 means they have usually moved in the same direction. 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: 1.83%
• 1M: -0.01%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

VIIIX

• 1D: 1.66%
• 1M: -0.56%
• 6M: 7.79%
• YTD: 9.35%
• 1Y: 20.63%
• 3Y*: 19.44%
• 5Y*: 12.83%
• 10Y*: 15.07%
• ALL TIME*: 9.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FHZTX Fidelity Advisor Large Cap Stock Fund Class I	$0.00	$0.00	$0.00
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	$0.00	$0.00	$0.00

FHZTX vs. VIIIX - Yearly Performance Comparison

	2026 (YTD)
FHZTX Fidelity Advisor Large Cap Stock Fund Class I	10.76%
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	12.57%

Correlation

The correlation between FHZTX and VIIIX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.93

Return for Risk

FHZTX vs. VIIIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 63
VIIIX Sharpe Ratio Rank: 61
VIIIX Sortino Ratio Rank: 58
VIIIX Omega Ratio Rank: 58
VIIIX Calmar Ratio Rank: 65
VIIIX Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	—	1.43	—
Sortino ratio: Return per unit of downside risk	—	2.00	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.06	—
Martin ratio: Return relative to average drawdown	—	8.86	—

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	-1.04%	-2.11%	+1.07%
Average Drawdown Average peak-to-trough decline	-0.94%	-9.97%	+9.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.07%	—

Volatility

Volatility by Period

	FHZTX	VIIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	12.86%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.37%	17.01%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.37%	18.07%	-3.70%

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 4.79%, more than VIIIX's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHZTX Fidelity Advisor Large Cap Stock Fund Class I	4.79%	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	2.51%	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 0.93, 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.